Remarkables Residences – the subsidiary of real estate developer GYP properties – has entered an agreement with Classic Developments for the sale of part of the land parcel at 1, Corner of Shearers Road and Munro Road, Frankton at Queenstown, New Zealand for NZ$15 million ($14.2 million).

The gain on disposal is estimated at $3.1 million, based on the consideration price of $14.2 million.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook