Home News Property

Chip Eng Seng sells shophouses for total consideration of $24.2 mil

Felicia Tan
Felicia Tan4/7/2021 09:48 PM GMT+08  • 2 min read
Chip Eng Seng sells shophouses for total consideration of $24.2 mil
The disposals were made via two separate agreements by the group's subsidiary CES Capital Holdings.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now