Hong Lai Huat Group sells Cambodia property for $1.53m
The factory in Kandal Province has a built-up area of 4,698 sqm.
Singapore Exchange (SGX)-listed real estate and property developer Hong Lai Huat Group has entered into a sales and purchase agreement for the sale of an investment property in Cambodia for $1.53m (US$1.12m) with an unnamed party, an announcement revealed.
The investment property comprises land and a factory located in Kandal Province, Cambodia with a land area of 8,499 sqm and a built-up area of 4,698 sqm for the factory.
The sales was arrived at a willing buyer and willing seller basis. The completion will be approximately 90 business days.