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BRC Asia to sell Nassim Road house for S$38.38m

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BRC Asia, the largest steel reinforcement supplier in Singapore, plans to sell a property located at 32G Nassim Road for S$38.38 million, it said on Monday. Read more at The Business Times.

Based on a desktop valuation report dated May 21 issued by a professional valuer, the indicative market value on an"as-is" basis and the gross development value were S$37 million and S$39 million respectively. The valuation was commissioned by a local bank for financing purposes.

As the property is currently under development, the additional development costs to completion is yet to be finalised.

 

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