The group owns 10 units in the building under its property investment business segment. The units are located on the third, fifth, sixth and seventh storeys.

The company’s gifts segment will be wholly unaffected by the sale of the units.

For the FY2023 ended June 30, the net asset value (NAV) of the units are at 47% compared with the group’s overall NAV.

The net profits attributable to the assets disposed of compared to the group’s FY2023 net profits are at 159%. This is based on the group’s full-year net profit of $225,000, compared to the net profits attributable to the assets disposed of $358,000.

<span class='see_also_inread'><b>See also: <a class='gtm_see_also_1_inread' style='text-decoration: underline;' href='/news/property/capitaland-investment-announce-significant-decline-patmi-cashflow-stay-stable?utm_source=website&utm_medium=article&utm_campaign=ONPAGESEO'>CapitaLand Investment to announce significant decline in Patmi, cashflow to stay stable </a></b></span>

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