According to the Zhitong Finance App, HPC HOLDINGS (01742) announced that on June 30, 2023, DHC Construction, an indirect wholly-owned subsidiary of the company, received a notice and lease offer from the Singaporean government agency JTC, confirming that it accepted the bid for property leasing at a premium of SGD 5.535 million (excluding current goods and services taxes).
According to the announcement, the property includes a leased industrial site with a private lot number 7016738 (also known as government survey site number 01942 nmukimmk07), located at 5 Tuas Basin Link, Singapore 638759. The land area is about 4508.20 square meters, and a single-family factory building is built on it, with a construction area of about 2144.38 square meters. The property is leased on an “as is” basis, and its permitted use is only to store building materials and equipment. The tenancy period for the property under the tender is 20 years from the commencement date (subject to the confirmed lease letter).