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OneApex purchases freehold industrial property at Kim Chuan Lane for $17 mil

Felicia Tan
Felicia Tan6/2/2021 12:26 AM GMT+08  • 3 min read
OneApex purchases freehold industrial property at Kim Chuan Lane for $17 mil
OneApex may redevelop the property into halal food factory units for sale or rent, or sell the property for capital gains.
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Ember Properties, the associated company of OneApex Limited, has exercised an option to purchase a freehold industrial property on 7 Kim Chuan Lane for a consideration of $17 million.

The property has a land size area of around 10,506 sq ft and is zoned “Commercial/Industrial”. It is located within close proximity to the Ubi and Tai Seng area.

The property is sold subject to an existing tenancy for the use as a warehouse, factory and ancillary office for engineering-related activities.

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