KOP’s subsidiary sells Dalvey Haus unit for $16.3 mil

Low Keng Huat (Singapore) owns LKHS Property Investment, which in turn, owns a 40% interest in Dalvey Breeze Development.

See also: CDL-Woh Hup JV places top bid for Tanjong Rhu GLS site, beating out four others

Lee has purchased a unit on the third floor at a sale price of $16.3 million, which is the same pricing offered to the public.

The sale transaction has been reviewed and approved by KOP’s audit and risk committee.

Shares in KOP closed 0.2 cent lower or 3.6% down at 5.4 cents on June 1.