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property disposal
Property
Thakral nets $1.7 mil after divesting Osaka hotel
The group is also in the process of offloading two office buildings in Osaka. They are expected to be put on sale by September.
August 28, 2023
Property
GSH sells office units in Cecil Street for $38.8 mil
Based on GSH's accounts for the FY2022 ended Dec 31, 2022, the property’s book value stood at $27.1 million.
July 12, 2023
Property
Centurion disposes property in Korea for $21.4 mil
The disposal is slated to be completed on April 13.
April 10, 2023
Property
Ho Bee Land disposes its properties at Tannery Road and Tannery Lane for $115 mil
Ho Bee Land will have a gain on disposal of $47.1 million before selling expenses.
March 15, 2023
Property
Mencast proposes to dispose its Batam property, expects to record a loss on disposal of $0.18 mil
The property has been mortgaged to a bank in Singapore, which will be discharged before the completion of the proposed disposal.
March 09, 2023
Property
Aspial Corporation proposes to dispose Brisbane property for A$32 mil
On the same day, Aspial Corporation reported a loss of $14.7 million for the FY2022, down from the $363,000 loss in the FY2021.
February 27, 2023
Property
Hotel Properties disposes of all its units at Ming Arcade
The sale is expected to net the group a gain of $61 million.
December 20, 2022
REITs
Cromwell European REIT divests three assets in Europe for total price of $30.6 mil
The consideration represents a 28% premium to the assets’ latest valuation as at June.
September 09, 2022
Property
Lian Beng Group to dispose of property at Joo Chiat Road for $42 mil
The disposal is expected to have a positive impact on Lian Beng’s net EPS and NTA per share for the current FY.
September 09, 2022
Property
Nera Telecommunications to dispose of 109 Defu Lane 10 for $6.3 million
The company issued an option to purchase to De Tian Holdings on April 7, which expires at 4pm on April 22.
April 07, 2022