Friday, January 20, 2012

Valuation of CCT properties up

Business Times: Thu, Jan 19
CAPITACOMMERCIAL Trust (CCT) said yesterday that the valuation of its Singapore properties, including its 60 per cent stake in Raffles City but excluding its 40 per cent share in the Market Street office development, totalled $5.73 billion at the end of last year.


That is $149.6 million, or about 2.7 per cent, higher than the $5.58 billion valuation six months earlier for the same properties.


CCT will release its Q4 and full-year 2011 results tomorrow...

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