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The last unit sold in Le Nouvel Ardmore in Singapore was sold in FY2023 ended June 30 (Photo: Samuel Isaac Chua/EdgeProp Singapore)Wing Tai Holdings W05 0.00% has announced earnings of $13.3 million for its FY2023 ended June 30, down 91% compared to its earnings of $140.2 million in FY2022.The real estate developer reported a loss of $49.9 million for the second half of the financial year, compared to earnings of $86.4 million for its 2HFY2022.Consequently, earnings per share for the full-year p
Holland Tower sits within the Holland Park GCB Area (Photo: Samuel Isaac Chua/EdgeProp Singapore)Wing Tai Holdings announced on July 28 that its wholly-owned subsidiary Wincove Investment has withdrawn from the en bloc purchase of Holland Tower for $76.3 million, a deal it announced 4½ months earlier on March 15.The Singapore-listed property developer cited "non-fulfilment of certain conditions" as the reason for pulling out of the deal. Wing Tai declined to comment further when contacted.Read m