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Tung Lok Restaurant enters tenancy agreement at Novena Point worth $133,000

Bryan Wu


The premise will be used to operate a Lao Beijing restaurant. Photo: Tung Lok Restaurants

Tung Lok Restaurants’  wholly-owned subsidiary Tung Lok Millennium has entered into a tenancy agreement with Novena Point for a period of 19.5 months.

The estimated rental fees payable during the duration of the lease is approximately $133,000 which represents 0.88% of the group’s latest audited net tangible assets (NTA) of $15.1 million.

The premise, which occupies a floor area of 743 square feet at 10 Sinaran Drive, will be used to operate a Lao Beijing restaurant.

Read also: Tung Lok JV to lease part of Tee Yih Jia Building for $1.2 mil over two years

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