property disposal

Blumont Group disposes vacant land in Malaysia for $6.5 mil - THE EDGE SINGAPORE

Property

Blumont Group disposes vacant land in Malaysia for $6.5 mil

The excess of the proceeds over the property’s book value is around $2.0 million.
Purchaser of Chip Eng Seng's shophouses on Geylang Road exercises option - THE EDGE SINGAPORE

Property

Purchaser of Chip Eng Seng's shophouses on Geylang Road exercises option

The proposed disposal of the property is slated to be completed on Nov 25, 12 weeks after the option exercise date.

Property

Creative Technologies sells US office building for US$11.13 mil

The proposed transaction is expected to contribute US$9.1 million to the group’s net profit.
Enviro-Hub to proceed with disposal of Lam Soon property for $35.3 mil - THE EDGE SINGAPORE

Property

Enviro-Hub to proceed with disposal of Lam Soon property for $35.3 mil

The option was granted on May 14 and has been exercised by Extra Space Hillview on May 18.
Chip Eng Seng sells shophouses for total consideration of $24.2 mil - THE EDGE SINGAPORE

Property

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.
Far East to sell Woods Square property unit for $1.8 mil as an IPT - THE EDGE SINGAPORE

Property

Far East to sell Woods Square property unit for $1.8 mil as an IPT

The consideration of $1.8 million translates to $21,907.22 per sqm over the strata area of 81 sqm.

Property

Roxy-Pacific sells land at Mavis Street, Australia for A$10.8 mil

The sale is not expected to have a material impact on Roxy-Pacific’s consolidated earnings and NTA per share for the current FY.

Property

Koufu to dispose properties at Woodlands Terrace for $11.8 mil

Shares in Koufu closed flat at 66 cents on March 11.
CapitaLand Retail China Trust divests entire interest in Wuhan entity which holds CapitaMall Minzhongleyuan for $52.6 mil - THE EDGE SINGAPORE

REITs

CapitaLand Retail China Trust divests entire interest in Wuhan entity which holds CapitaMall Minzhongleyuan for $52.6 mil

The agreement was signed on Jan 11 by HSBC Institutional Trust Services’ wholly-owned subsidiary Somerset (Wuhan) Investments.
Asian Micro Holdings subsidiary to sell Penang commercial office unit for $169,000 - THE EDGE SINGAPORE

Property

Asian Micro Holdings subsidiary to sell Penang commercial office unit for $169,000

The net proceeds from the disposal will be placed in short-term deposits and may be used for the group’s working capital purposes.
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