BreadTalk granted option to buy Holland Village shophouse for about S$16.2m
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
BREADTALK Group said on Tuesday evening that it has been granted an option to purchase a corner freehold shophouse in Holland Village at a consideration of about S$16.2 million.
The option for the property located at 22 and 22A Lorong Mambong shall remain valid until 4pm on Oct 9, 2017.
The purchase consideration for the property is S$16.2 million and is subject to Goods and Services Tax.
BreadTalk intends to fund the purchase of the property by internal resources.
The sale and purchase of the property remains subject to, among others, BreadTalk's solicitors receiving satisfactory replies to their legal requisitions and applications for interpretation plans to the various government departments and the Land Transport Authority (Rapid Transit Systems).
If the group does not exercise the option on or before the stipulated deadline, the offer shall lapse and the option money paid will be forfeited.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
