SINGAPORE (Nov 15): Sheng Siong Group announced Friday it is acquiring commercial premises at 118 Aljunied Avenue 2 for $29.5 million.

The property comprises units in the first and second storeys of a seven-storey Housing and Development Board (HDB) commercial property with a four-storey public carpark annex.

It has a gross floor area of approximately 2,717 sqm, with a leasehold tenure of 86 years commencing from July 1, 1993.

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