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Cooling measures fuel earnings angst for Tee Land

Part of the hit to Tee Land's bottom line came from the sale of 13 units at the upmarket The Peak@Cairnhill for S$23.2 million - which incurred a gross loss of S$1.3 million.


MAINBOARD-LISTED developer Tee Land - which sank deeper into the red in its latest fiscal year - sold apartments at upmarket The Peak@Cairnhill at a loss, as a tough market has made shifting units tougher.

Net loss widened to S$23.8 million for the 12 months to May 31,...

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