JSCL is the owner of Homestay Lodge, a dormitory located at Kaki Bukit Avenue 3 Singapore. The dormitory is under the terms of two leases issued by the JTC Corporation. Each lease has a term of 30 years commencing from July 1, 1999. The dormitory has a gross floor area (GFA) of 328,415 sq ft and comprises six 8-storey blocks and one 7-storey block of workforce housing. It also has a single-story block that houses the supermarket and communal cooking facilities.
BBR Holdings has proposed to acquire a 49% stake in JSCL Investments for a consideration of $14.3 million.
A sale and purchase agreement (SPA) was entered into between Tuckman and BBR Holdings (SGX:KJ5
) ’ wholly-owned subsidiary, Alika Kaki Bukit Holdings, on March 29. Tuckman owns 100% of the shares in JSCL.
