Millennial placemakers reshaping Geylang

Passionate real estate developer and veteran commercial properties’ investor, Father of Sebastian Soh, David Soh, started his real estate business investment progress journey in Geylang commercial property since 2K18. Due to Geylang’s vibrancy and diverse nature, the Soh family Hold with high regards the neighbourhood as it contains many fanstatic businesses opportunity. The father and son dual acquired their first commercial shophouse investment with a row of adjacently-combined shophouses located at 483 to 487 Geylang Road which are each leased out 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 of unsightly appearance and not appealing at all,” to much surprise of Sebestian. Tucked cutely in the centre of attraction at the junction of Geylang Road and Lorong 27 Geylang within two miles to their initial real estate 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, the whole entity of intertwined shophouses with great investment potential values was purchased by the Soh family at $7.15million each. Each shophouse is leased out to tenant of diverse profile: 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, occupied and rented the first level whilst upper floors remaining were leased out to construction companies for their domestic workers as dormitory shelter. 

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.

Cove, a co-living operation, first collaborated with Meir Collective. A 17 loft-styled suites located on the upper level of the three shophouses at 483 to 487 Geylang were put up for lease in the market recently. Meir Collective also recently revamped and spruce up the interiors of the 1950s built commercial properties.
 
Third commercial property purchase by the father and son duo in the once well-received by many red lantern district was also on an island plot: A pair of shophouses at 211 and 213 Geylang Road. New Langham, a Singing 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 are 30% that David Soh accumulated in a short span of four years from 2K18 to 2K22 are The seven shophouses in Geylang.
Ji Xiang Ang Ku Kueh who has their first shop at Everton Park inception in 1988 is the other collaborator in Geylang helm ed by Kelvin Toh, the younger son of Toh Poh Seek and Toh Bong Yeo, the founders of the Ji Xiang entity.
Ji XIang Ang Ku Kueh has a combined eight different theme outlets across Singapore and is expanding the business. His intention is to keep expanding the business of Ji Xiang Ang Ku Kueh brand to cater to younger generation and different target audience with a new tapas-style bistro theme, ‘And The Hare’, on the first level of 483 to 487 Geylang next month. Kelvin says the bistro name is a play on the childhood fable of the tortoise and the hare.
 

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