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OKH unit to sell Tuas dormitory to associated company of OneApex for $24 mil

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
OKH unit to sell Tuas dormitory to associated company of OneApex for $24 mil
SINGAPORE (Nov 7): OKH Holdings, a wholly-owned subsidiary of OKH Global, is divesting its three-storey workers’ dormitory at Seatown Industrial  Centre in Tuas South for $24 million.
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SINGAPORE (Nov 7): OKH Holdings, a wholly-owned subsidiary of OKH Global, is divesting its three-storey workers’ dormitory at Seatown Industrial Centre in Tuas South for $24 million.

The purchaser is Tuas Seatown Dormitory, an associated company of OneApex – the egg farmer-turned-property group formerly known as Chews Group.

OKH says it expects to record a gain on disposal of $1 million, based on a valuation of $23 million in a valuation report in July.

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