Link: https://links.sgx.com/1.0.0/corporate-announcements/D9NZEBXP4GWM9DW9/a8b6ae7623fd3a4ef44a487ef24ce342926866ce91c168999cb8ae780ec32ee0

Summary:

• Soon Hock Property Development granted option to Vivre Creative Design to acquire leasehold property at 8 Kaki Bukit Avenue 4 for S$1.5 million, with option exercisable by February 27, 2026

• Sale price matches independent valuation by Savills as at March 31, 2025, determined on willing-buyer willing-seller basis considering prevailing market conditions

• Transaction expected to generate net gain of approximately S$336,117 based on property book value of S$1,178,914 as at March 31, 2025

• Purchaser paid initial deposit of S$75,000 plus GST before option grant, with balance of S$1,424,000 plus GST payable at completion scheduled for June 30, 2026

• Proposed disposal qualifies as non-discloseable transaction under SGX rules with no shareholder approval required, providing additional working capital for Group operations