Unit sales help Wheelock to narrow Q4 loss

Singapore

Managing to sell units in three residential projects helped real estate developer Wheelock Properties to narrow its loss in the fourth quarter.

Wheelock chalked up a net loss of S$927,000 for the three months ended Dec 31, 2015, less than its S$103.14 million loss in the corresponding period the year before, it said in a Singapore Exchange filing on Monday after the market closed.