OKP Holdings announced that its 51 per cent-owned subsidiary Raffles Prestige Capital will be purchasing a property at 35, Kreta Ayer Road from Visionone Investment Private Limited for S$11.3 million.
The freehold property is a three-storey shophouse with an attic, occupying a lot area of 1,568 square feet. The total floor area is 4,240 square feet. The property is intended for investment and the purchase price will be funded by internal resources and bank borrowings. An independent valuation by CKS Property Consultants pegs the open market value of the property as at Oct 13 at S$11.3 million.
The proposed purchase is not expected to have a material impact on the net tangible assets per share or earnings per share of the company for the financial year ending Dec 31.For daily updates on weekdays and specially selected content for the weekend. Subscribe to
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former employee of Hyflux subsidiary sentenced to 10 days' jail in bribery caseMalaysian Khoo Chen Ee received some $6,000 in bribes.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
China's purchases of US farm goods at 71per cent of target under trade deal: USChina has substantially increased purchases of U.S. farm goods and implemented 50 of 57 technical commitments aimed at lowering structural ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Private property prices increase by 0.8% in Q3 as transactions surgeSINGAPORE: Private home prices in Singapore in the third quarter rose 0.8 per cent from the previous quarter, while demand surged for both new ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hyflux unit's former employee sentenced to 10 days' jail in bribery case[SINGAPORE] A former human resource manager of a Hyflux subsidiary asked and received some S$6,000 in bribes from the director of a recruitment agency he was friendly with. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
First Reit's Indonesia unit asks to restructure master lease agreementsTHE manager of First Real Estate Investment Trust (First Reit) on Thursday said it has received a request from its Indonesian subsidiary, Metropolis Propertindo Utama (MPU), for the restructuring of existing master lease agreements, additional rental relief for the second half of the year, as well as flexibility in the payment of outstanding rents. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Construction works on Oxley's projects may take up to six weeks more to complete due to Covid-19OXLEY Holdings said that the completion of construction works in its properties is expected to be delayed by four to six weeks because of the Covid-19 pandemic, with construction sites having ceased activities to varying degrees in Singapore and overseas. Read more at The Business Times. Check it out! Do You Want To make 5 stunning animated logo intro videos in 24 hours? Please Contact Me : LogoAnimation MadeOnFiverr Top Logo Animation Best Logo Animation
Source: BusinessTimes - 🏆 15. / 51 Read more »