The proposed disposal is subject to and conditional upon the written in-principal approval from the Jurong Town Corporation.
Coffeeshop operator Koufu Group has granted an independent third party purchaser an option to purchase its properties located at 18 and 20 Woodlands Terrace for a consideration of $11.8 million.
The agreement was entered into by the group’s wholly-owned subsidiary, Koufu Pte. Ltd. on March 1.
