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Home / Capital / Brokers Calls

Perennial's full ownership of Capitol Singapore a big step towards unlocking value: CIMB

Broker's Calls

Perennial's full ownership of Capitol Singapore a big step towards unlocking value: CIMB

PC Lee Published on Tue, Mar 13, 2018 / 11:59 AM GMT+8

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SINGAPORE (Mar 13): CIMB views Perennial Real Estate's purchase of the remaining 50% stake in The Capitol Singapore from Chesham Properties as a big positive.

This "signals the resolution of the deadlock on the project and progress can now be made to unlock value and returns from this iconic development," says CIMB analyst Lock Mun Yee in a Monday report.

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