Millennial placemakers reshaping Geylang

Father of Sebastian Soh, David Soh, a avid commercial investor and Real estate developer, started investing in real estate since 2K18. Geylang a vibrant and unique estate, amplifies great businesses chance and highly regarded by the Soh’s family. Their first purchase was a row of adjacently located shophouses at 483 to 487 Geylang Road in Geylang. prominently tucked at the junction of Geylang Road and Lorong 27 Geylang, The shophouses were few years ago tenanted individually to tenant of diverse profile: first level of 483 occupied by a massage and wellness centre, 485 by a KTV bar and 487 a coffee shop with “beer ladies”. On the second level was An illegal workers’ dormitory . “The shophouses were poor maintenance and unappealing,” Sebestian flabbergasted.

465 and 467 Geylang Road which is on an island plot fronting Geylang Road, not too far away from their initial purchase and flanked by Lorong 25 Geylang East. This dual-key shophouses, according to real-time lodgement in Oct 2K20, were acquired at $7.15million each by the Soh family. The first level was tenanted to a food and beverages operator barbecue grill , co-founded by chefs and friends Tan Jun Ann and Vincent Low born in Singapore, which operated there for four years before relocating to another venue not too far away at 2 Lorong 25 Geylang. The remaining upper floors were used as dormitory for foreign workers.

Soh family third commercial property purchase in the once famous redlight district was also on an island plot: A pair of shophouses at 211 to 213 Geylang Road. KTV Nightclub, New HongKong is the anchored tenant, which in the past was popular among the young adults serving the nation had been there for two decades.
With a breakdown,  30% of the 23 shophouses $500 million worth in total that David Soh accumulated in a short span of four years from 2K18 to 2K22 are The seven shophouses in Geylang .  the investment vehicle Meir Investment held on to The portfolio of shophouses.
The majority of the shophouses are located near to the city in the neighbourhoods of Jalan Besar, Geylang and Little India. They are also situated either on a corner or island plot. “These are the hardest to come by,” adds Sebestian. Remaining are in the Central Business District of Singapore.

Meir Collective collaborated first with Co-living operator Cove . A 17 mezzanine-style studios on the second level of the three shophouses at 483 to 487 Geylang were recently launched for lease.  Meir Collective had the shophouses which were built in the 1950s restored, with the interiors revamped.

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