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Option To Purchase (OTP)
Property
Hour Glass to acquire units in Tong Building for $68.5 mil
The group says the acquisition is part of The Hour Glass’ strategy to “invest in high quality assets which will complement the group's commercial properties in the region”.
September 26, 2024
Property
LHT Holdings obtains option to purchase property at 6 Tuas South Street 10 for $3.9 mil
The property has a land area of approximately 10,000 sqm (107,639.1 sq ft) with a GFA of 8,194.58 sqm.
December 30, 2022
Property
Cortina exercises option for fourth floor of 15 Scotts Road; acquisition to be completed in Dec
According to a valuation report commissioned by Cortina, the property is valued at $49 million, same as the purchase price.
October 13, 2022
Property
Y Ventures Group to dispose of property at 46 East Coast Road for $2 mil
The option will remain valid till 4pm on Sept 10.
August 29, 2022
Property
Wong Fong Industries receives OTP to acquire property at Joo Koon Road
The OTP will remain valid till 4pm on Sept 7.
June 24, 2021
Property
OKP Holdings exercises option to purchase properties at Kampong Bahru Road for $12.4 mil
The properties have a freehold tenure and comprise a pair of adjoining two-storey conservation shophouses.
May 04, 2021
Company in the news
Kim Heng Offshore & Marine Penjuru property sale will not be proceeding
The cancellation of the OTP is not expected to have any material adverse impact on the NTA or EPS of the company for this FY.
October 06, 2020
Property
Getting to the bottom of the Covid-defying property market
Using OTPs exercised instead of OTPs issued is more reflective of the true health of the Singapore property market.
October 02, 2020