Singapore, Nov. 5 -- Nissan agent Tan Chong Motor is putting up another showroom for sale, six months after it said that it was closing its Bukit Timah flagship outlet.
Meanwhile, businessman Peter Kwee is selling two showrooms in Leng Kee Road.
Tan Chong's three-storey facility in Toa Payoh Lorong 8 is on the market for $13.5 million, real estate agent Savills Singapore said yesterday.
The showroom on a 5,457.4 sq m plot is next to a Subaru complex also owned by Tan Chong. The lease tenure is 30 plus 30 years, starting from March 1, 1993.
A Tan Chong Motor spokesman said the facility is underused and the company is considering "a few options, including redevelopment and selling the site".
"With the COE (certificate of entitlement...