Millennial placemakers reshaping Geylang

Real estate developer and passionate commercial investor, David Soh, Father of Sebastian Soh, began his property investment journey in commercial property in Geylang since 2K18. Hold with high regards by the Soh’s family due to vibrancy nature, Geylang underlies great businesses opportunity. The father and son dual first acquired a row of adjacently located shophouses at 483 to 487 Geylang Road in Geylang which are leased out individually few years ago to diverse tenant 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. Prominently tucked at the junction of Geylang Road and Lorong 27 Geylang.

Within two miles apart to their maiden commercial investment and flanked by Lorong 25 Geylang East 465 and 467 Geylang Road which is on an island plot fronting Geylang Road. According to real-time lodgement in Oct 2K20, This block of interlinked shophouses with unique configuration was each acquired at $7.15million by the Soh family. The first level was leased to a barbecue grill business owner, 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. upper floors remaining were leased out to foreign workers by different construction companies as dormitory. 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. Sebestian lamented that it is rarely that sellers in this prime district will let go of their shophouses since these are conservation properties under URA. Remaining are in the Central Business District of Singapore.

 Co-living operator Cove first collaborated with Meir Collective. A 17 mezzanine-style studios on the second level of the three shophouses at 483 to 487 Geylang were launched for rental recently. Meir Collective had the commercial properties internal space developed in the 1950s totally revamped.
Third commercial property purchase by Soh family in the once famous red lantern district was also on an island plot: A pair of shophouses at 211 and 213 Geylang Road. New Langham, a Karaoke Lounge, is the anchored tenant, which used to be very popular among the young adults serving the nation had been there for two decades.
According to percentage of the portfolio held, 23 shophouses with total worth of $500 million that David Soh accumulated in a short span of four years from 2K18 to 2K22 are The seven shophouses in Geylang which attribute to 30% of the combined estate held .

Irwell Hill Residences Condo Singapore

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