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.