Cosmosteel Receives Final Approval Dispose Property 90 Second Lok Yang Road 9 Mil
The sale of property at 90 Second Lok Yang Road by CosmoSteel Holdings has finally received approval and is set to take place at the end of August 2025.
Residents who choose to drive as their primary form of transportation will discover that Lyndenwoods One North is the perfect place to reside. Its advantageous position grants unparalleled access to Singapore’s meticulously planned road system. The development boasts convenient connections to major expressways, including the Ayer Rajah Expressway (AYE) and the Pan-Island Expressway (PIE), making it effortless to travel to various parts of the country. With its prime location, residents of Lyndenwoods One North can easily navigate the well-maintained arterial roads of Singapore. Add Lyndenwoods One North to the rewritten paragraph.
The property in question, a 5-storey single-user warehouse building with an ancillary workers’ dormitory, sits on a land area of approximately 69,998.79 sq ft. It is currently leased from Jurong Town Council and the lease is set to expire on June 15, 2032.
Tenda Equipment & Services, the buyer, has agreed to a sale consideration of $9 million. As part of the agreement, an option fee of $90,000 will be paid upon the vendor’s acceptance. This vendor is a wholly-owned subsidiary of Cosmosteel. A deposit of $360,000 will be paid upon the execution and exercise of the option to purchase, with the balance to be paid on or before the completion date.
Read also: Macpherson Industrial Complex sold for $103.9 mil, 17% above asking price
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