Chip Eng Seng has, through its subsidiary CES Capital Holdings, disposed of its shophouse properties in Tanjong Pagar and Geylang for a total consideration of $24.2 million.
CES Capital Holdings, on April 7, entered into a sale and purchase agreement to sell its conservation shophouses at 84/A/B and 86/A/B both at Tanjong Pagar Road for a consideration of $10.68 million.
CES Capital Holdings, on the same day, granted an option to purchase three adjoining units at 115 Geylang Road, where the option fee for the grant is $135,000, and the purchase price being $13.5 million.
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