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CapitaLand’s divestment of Nassim seen as a positive

PC Lee Published on Tue, Jan 17, 2017 / 1:44 PM GMT+8

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SINGAPORE (Jan 17): RHB is in favour of CapitaLand’s divestment of the remaining 45 units in the The Nassim for a total of $411.6 million.

(See also: CapitaLand sells entire stake in The Nassim for $412 mil)

“We view the transaction positively as it should help CapitaLand offload some of its high-end inventory in Singapore amidst challenging market conditions,” says analyst Vijay Natarajan on Tuesday.

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