17 Jan '17, 3am

CapitaLand sells entire stake in Nassim Hill Realty for $411.6m - PropertyGuru Singapore

The sale of Nassim Hill Realty was satisfied entirely in cash, said CapitaLand. CRL Realty, a wholly-owned subsidiary of property giant CapitaLand, has sold its 100 percent stake in Nassim Hill Realty (NHR) to Kheng Leong Company for $411.6 million. In an SGX filing on Monday (16 January), CapitaLand revealed that NHR was responsible for developing The Nassim, a luxurious low-rise condominium located along Nassim Hill in District 10. It presently owns 45 units in the freehold property. The consideration, which was satisfied entirely in cash, is subject to post-completion adjustment and comprises the estimated net tangible assets value of $138.7 million as at 16 January 2017. It also takes into account the $407.2 million agreed property value for the 45 units in The Nassim, as well as an assignment of a $272.9 million shareholder’s loan. Based on CapitaLand’s unaudited cons...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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Banker buys all 45 unsold units at The Nassim for $411.6m #PropertyNews #RealEstate #SingaporeProperty

Banker buys all 45 unsold units at The Nassim f...

srx.com.sg 17 Jan '17, 9am

One of Singapore's richest men, veteran banker Wee Cho Yaw, has bought all 45 unsold units at upmarket condominium, The Na...

Banker Wee Cho Yaw buys all 45 unsold units at The Nassim for $411.6m

Banker Wee Cho Yaw buys all 45 unsold units at ...

straitstimes.com 17 Jan '17, 12am

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