SingPost offloads 14 HDB units for $55.5m

The disposal is expected to yield an estimated one-off gain of $49.14m.

Singapore Post Limited (SingPost) agreed to sell 14 HDB leasehold units for a total cash consideration of $55.5m to Trans Realty.

The group said the disposal will redeploy capital and focus resources on its core business lines.

Proceeds will be used for working capital and general corporate purposes, including debt reduction, reinvestment into the business, or potential shareholder returns.

The units' unaudited aggregate book value was $6.36m as of 30 September. The disposal is expected to yield an estimated one-off gain of $49.14m.

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