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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
Add BT as a preferred sourcePublished Wed, Apr 26, 2017 · 09:50 PM
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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 project near Orchard Road, to one of Singapore's richest men and veteran banker Wee Cho Yaw in January.
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