REPORTS or announcements relating to the following Singapore
companies were issued on Tuesday, which may affect their trading
activity.
Property developers may rack up as much as S$90 million in extension
charges for unsold units in their condo projects from April to December
this year, and a further S$238 million in 2016 if the Singapore real
estate market remains lacklustre.
This is according to calculations by property consultancy Cushman & Wakefield and is based on the premise that units remain unsold by then.
Among the developers who could incur considerable Qualifying Certificate charges these two years are CapitaLand, City Developments, Wheelock Properties, Wing Tai and Heeton Holdings.
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