Cosmosteel Receives Final Approval Dispose Property 90 Second Lok Yang Road 9 Mil

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CosmoSteel Holdings has recently received the green light for the sale of its property located at 90 Second Lok Yang Road. The disposal is expected to take place by the end of August 2025.The property, currently leased from the Jurong Town Council, is a 5-storey single-user warehouse building with an ancillary workers’ dormitory. It occupies a land area of approximately 69,998.79 sq ft and its lease is set to expire on June 15, 2032.Tenda Equipment & Services, the buyer, has agreed to a sale consideration of $9 million. As a part of the agreement, a $90,000 option fee will be paid upon the vendor’s acceptance. The vendor, a wholly-owned subsidiary of CosmoSteel Holdings, will receive a deposit of $360,000 upon the execution and exercise of the option to purchase. The remaining balance will be paid on or before the completion date.