Soon Hock Property announces Kaki Bukit property disposal

It granted Bright Oasis an option to purchase the site for $1.5m.

Soon Hock Property Development Pte. Ltd. granted Bright Oasis Pte. Ltd. the option to purchase a property located at 8 Kaki Bukit Avenue 4 for an aggregate sale price of $1.5m.

Bright Oasis must exercise its option to purchase before 27 November 2025, according to a bourse filling.

Upon completion of the proposed disposal, Soon Hock will report a net gain of approximately over $385,000, it added.

The Kaki Bukit Avenue property has a 60-year lease that commenced on 15 December 2010, it added.

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