International Building, a 12-storey building, comprises offices, shops and restaurants. Yat Yuen Hong Company, a wholly-owned subsidiary of the group, currently owns 100% of the interest in the land lot on which International Building is situated.
Hong Fok Corporation says its wholly-owned subsidiary, Super Homes, has been granted the options to purchase the titles for several properties from third party vendors.
The properties, which are situated at 360 Orchard Road, include several units at International Building. Units #01-02, #01-03 and #01-04 have a purchase consideration of $16,642,000, while units #01-05 and #01-06 have a purchase consideration of $11,158,000.
