Y Ventures Group to dispose of property at 46 East Coast Road for $2 mil

The option will remain valid till 4pm on Sept 10.

The freehold unit has a lot area of around 1,163 sq ft and is currently being rented out.

According to the independent valuer appointed by Y Ventures Group, the property is said to be valued at $1.95 million.

In its statement, Y Ventures Group says it intends to use the net proceeds of $850,000 for its general working capital requirements.

See also: UOL and CapitaLand Development JV sells 99% of Skye at Holland at an average of $2,953 psf

As at 9.48am, shares in Y Ventures Group are trading 0.2 cent lower or 5.41% down at 3.5 cents.