Valuemax inks deal to purchase properties for $11m

The properties are located at 261 Waterloo Street.

Valuemax will purchase properties located at 261 Waterloo Street from Mainboard-listed Tye Soon Limited for a total consideration of $11m.

The leasehold properties have an 83-year lease granted by Housing and Development Board commencing 1 July 1994. The properties have a total floor area of approximately 708 square metres and is currently used as a retail outlet and storage facility for automotive parts by the vendors.

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