You are here

Nassim bulk sale helps CapitaLand post 77% jump in Q1 gain to S$386m

Recurring income set to grow as more China malls become operational, says CapitaLand
Thursday, April 27, 2017 - 05:50

The Nassim.jpg
Giving a fillip to the quarterly reults was a S$160.9 million gain from the sale of 45 units at The Nassim, a luxury condominium project near Orchard Road, to one of Singapore's richest men and veteran banker Wee Cho Yaw in January.

Singapore

CAPITALAND Ltd achieved a 77.2 per cent jump in net profit to S$386.8 million for the first quarter ended March 31, aided by divestment gains.

Giving a fillip to the quarterly reults was a S$160.9 million gain from the sale of 45 units at The Nassim, a luxury condominium

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom