The assets monetised were 7 & 9 Tampines Grande, Manulife Centre and Central Mall (Office Tower) valued at S$1.1 billion on a 99-year leasehold basis via a second Profit Participation Securities investment platform (PPS 2) in December 2015.
There was also a maiden contribution of S$12 million from the UK property development platform from the sale of Emerald House in Croydon, and higher revenue from the progressive sale and profit recognition from pre-sold projects in Singapore.