Wing Tai to sell its half-stake in Nouvel 18 to CDL for $411 mil

By Michael Lim
/ CDL |
Ask Buddy
Recently launched projects
Condo projects with most expensive average PSF
Condo transactions with the highest profits in the past year
Compare price trend of New sale condo vs Resale condo
Upcoming new launch projects
Recently launched projects
Condo projects with most expensive average PSF
Condo transactions with the highest profits in the past year
Compare price trend of New sale condo vs Resale condo
Upcoming new launch projects
Wing Tai Holdings is divesting its 50% stake in the 156-unit Nouvel 18 to City Developments for $410.96 million. Following the transaction, CDL will own 100% of the property.
“Both the company and Wing Tai had considered ways to optimise their interests in Summervale, which is the owner and developer of Nouvel 18, a prime development project, and agreed that the consolidation of the equity interests in Summervale under one party would provide flexibility for plans relating to Summervale,” CDL said in an announcement.
Nouvel 18 was owned and developed by Summervale Properties.
Ask Buddy
Recently launched projects
Condo projects with most expensive average PSF
Condo transactions with the highest profits in the past year
Compare price trend of New sale condo vs Resale condo
Upcoming new launch projects
Recently launched projects
Condo projects with most expensive average PSF
Condo transactions with the highest profits in the past year
Compare price trend of New sale condo vs Resale condo
Upcoming new launch projects

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More