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notes to the financial statements - Food Empire Holdings Limited

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<strong>Food</strong> <strong>Empire</strong> <strong>Holdings</strong> <strong>Limited</strong> Annual Report 2012<br />

A NEW PRIDE<br />

With a site area of 998 square metres,<br />

<strong>Food</strong> <strong>Empire</strong> has purchased a freehold<br />

property located adjacent <strong>to</strong> its<br />

Singapore headquarters in December<br />

2011. Development of an 11-s<strong>to</strong>rey<br />

building <strong>to</strong> extend <strong>the</strong> current building<br />

while leveraging on <strong>the</strong> common facilities<br />

and area has commenced in February<br />

2013. The surrounding real estate market<br />

holds optimistic promise of long-term<br />

property performance.<br />

21

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