Wing Tai cancels Holland Tower acquisition

It did not mention the details behind calling it off.

Real estate developer, Wing Tai Holdings Limited, said it will no longer pursue the $76.3m worth of acquisition of 10 Holland Heights or Holland Tower.

It made the announcement over a bourse filing, noting that there was a "non-fulfillment" of certain conditions in the contract.

The company added that the recent development will not affect its net asset value.

In a March 2023 statement, the company said Wincove plans to redevelop the 2,032.6-sqm site into a residential property development.

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