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CapitaLand offloads The Nassim
S$411.6m sale of the development company and 45 unsold units to private firm Kheng Leong was to avoid paying extension charges, it says
Published Mon, Jan 16, 2017 · 09:50 PM
Singapore
CAPITALAND on Monday said it has sold its 100 per cent stake in Nassim Hill Realty (NHR) to an unrelated private company, Kheng Leong, for S$411.6 million.
Included in the sale are also 45 unsold units in The Nassim, a luxury freehold boutique condominium project in Nassim Hill which has sold only 10 units since 2015.
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