Hong Fok Completes Acquisition of Properties in Singapore
Hong Fok's subsidiary, Super Homes, has completed the acquisition of properties at 360 Orchard Road, International Building Singapore, for a total of SG$27.8 million. The properties were purchased on a 999-year lease, starting from January 1, 1971, and include offices, shops, and restaurants, as reported in a filing with the Singapore Exchange.
Hong Fok's wholly owned subsidiary, Super Homes, completed the acquisition of properties at 360 Orchard Road, International Building Singapore, according to a filing with the Singapore Exchange on Wednesday.
In an earlier filing, the company had been granted options to purchase the titles of 360 Orchard Road #01-02, #01-03 and #01-04 International Building Singapore and 360 Orchard Road #01-05 and #01-06 International Building Singapore for SG$16.6 million and SG$11.2 million respectively.
The properties have been acquired on a 999-year lease term, commencing from Jan.1, 1971.
The international building comprises offices, shops and restaurants.
