Singapore Interlace Owed to CapitaLand the S$2.7 million Extension Toll

[propertylaunchguru]

CapitaLand Hit S$2.7 million Extension Costs for the Interlace

CapitaLand paid up the charges for 1,040-unit of The Interlace condo which should have been sold by March 13. This is to grant them another 6 calendar months extension for the rest of the units to be purchased within the granted time.

It has been reported that CapitaLand Hit S$2.7 million Extension Costs for the Interlace for the 127 unsold units at The Interlace condominium, which comes up to S$21,000 or S$7 psf per unit.

Moreover, the 55 units of Nassim and 109 units of Victoria Park Villas will be up for launch in H1 2016. There were likewise close to 193 out of 268 units that has been sold as of April 14 for Cairnhill Nine. Due to the divestment of a property in Somerset ZhongGuanCun, Beijing, CapitaLand raised its profit by 20% from S$381.5 million to S$458.2 million.