Hiap Tong sells Tuas South property for $4.8m

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pstrongThe sale reflects a loss on disposal of $236,155/strong/p pBachy Soletanche Singapore will purchase a Hiap Tong-owned property at 8 Tuas South Street 10, Singapore, for $4.8m./p pThe property has a land parcel of 12,000 sq m with a lease term of 22 years and seven months commencing on 31 May 2013 to expire on 30 December 2035.

Bachy Soletanche Singapore will purchase a Hiap Tong-owned property at 8 Tuas South Street 10, Singapore, for $4.8m.

The property market value was $6.5m as of 25 March 2024, whilst its net book value as of 31 March 2023 is $4,988,155, reflecting a loss on disposal of $236,155 based on net proceeds. We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

 

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