CapitaLand Ascott Trust Proposes to Sell The Robertson House by The Crest Collection for SGD 360 Million

NewTimeSpace News: On May 29, 2026, CapitaLand Ascott Trust announced that its wholly-owned subsidiary, as the seller, has signed a sale and purchase agreement with an independent third-party buyer for the disposal of The Robertson House by The Crest Collection.

According to the announcement, the property is sold for SGD 360 million, representing a premium of approximately 4.0% over its carrying value. The estimated net gain after tax stands at around SGD 38.1 million, and the net sale proceeds total about SGD 341.7 million. The proceeds will be deployed for reinvestment in higher-yielding properties, asset enhancement initiatives, repayment of high-interest debts and general corporate purposes.

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