Wing Tai: (S$1.69) Sells unit at Le Nouvel Ardmore for $21m; overhang still looms
- An apartment unit was sold at Wing Tai's high-end residential development Le Nouvel Ardmore for $21m, 9% above the last transaction price.
- The luxury project is liable for QC charges.
- Market watchers estimate that the total QC payable by Wing Tai could be $156m, or 12% of its market cap.
- Maybank KE's last rating for Wing Tai was a Hold with TP of $1.93, citing the overhang from QC charges.
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