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property disposal
Property
Hotel Properties disposes of all its units at Ming Arcade
The sale is expected to net the group a gain of $61 million.
December 20, 2022
REITs
Cromwell European REIT divests three assets in Europe for total price of $30.6 mil
The consideration represents a 28% premium to the assets’ latest valuation as at June.
September 09, 2022
Property
Lian Beng Group to dispose of property at Joo Chiat Road for $42 mil
The disposal is expected to have a positive impact on Lian Beng’s net EPS and NTA per share for the current FY.
September 09, 2022
Property
Nera Telecommunications to dispose of 109 Defu Lane 10 for $6.3 million
The company issued an option to purchase to De Tian Holdings on April 7, which expires at 4pm on April 22.
April 07, 2022
Property
TA Corporation to dispose of 12 On Shan for $86.5 mil
The group says it is expected to net a loss of $8.6 million on the proposed disposal.
April 01, 2022
Property
CDL to sell all 85 strata lots in Tanglin Shopping Centre in collective sale
According to CDL, the sale will realise a significant gain for the group. The sale is expected to be completed in FY2022 or FY2023
March 30, 2022
Property
TA Corporation to sell Leonie Hill Residences unit for $4.93 mil
The proposed disposal will see a loss of $0.3 million upon completion.
November 01, 2021
Property
JB Foods to dispose of New Jersey property for $24.3 mil
The property was purchased in 2014 by JB Foods with the intention to develop it into a factory building.
October 28, 2021
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.
September 15, 2021
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.
September 02, 2021