Aspial Corp jumps 13% after Koh family moves to sell 15 shops for S$71.8 million

[SINGAPORE] Shares of retail jeweller Aspial Corporation surged by 13 per cent on Friday (Aug 22) after 15 freehold strata-titled retail units in East Village, a Bedok-area mixed development, were put up for sale for S$71.8 million.

The counter opened Friday’s session at S$0.088, rising to S$0.093 by 11.02 am. By 1.55 pm, the counter had risen further to S$0.098, up 12.6 per cent or S$0.011 from its opening price. It then hit an intraday high of S$0.099 by 2 pm, up 13 per cent.

The Business Times reported on Wednesday that the 15 units are held by World Class Developments and entities or individuals linked to the Koh family behind Catalist-listed Aspial. The units were first put up for sale in 2022 as part of a 17-unit cluster for S$83 million. Two units were sold to an individual buyer in May 2025.

Each of the 15 units for sale ranges from 431 square feet (sq ft) to 6,985 sq ft in size. Eleven of them have approved food and beverage usage; one is a clinic; and an Anytime Fitness gym occupies the remaining three adjoining units.

Tenants include Liho, Katong Mei Wei Chicken Rice and Hong Kong Street Family Restaurant.

The closing date for the expression-of-interest exercise for the 15 units is on Sep 18.