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Sing Holdings disposes 100% stake in Robin Residences

PC Lee Published on Mon, Mar 13, 2017 / 7:31 AM GMT+8

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SINGAPORE (March 13): Sing Holdings managed on Friday to disposed its entire 100% stake in freehold condominium Robin Residences via Sing Holdings (Robin) to a group of Singaporean private investors.

This came before a new stamp duty kicked in on Saturday on top of qualifying certificate (QC) charges on unsold homes and additional buyer's stamp duty (ABSD).

The property development and investment company said the consideration was arrived at a willing buyer, willing seller basis, taking into account the agreed property value of $72.7 million for 29 strata units.

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Sing Holdings disposes 100% stake in Robin Residences