02-10-2014, 10:13 AM
(02-10-2014, 10:00 AM)opmi Wrote:(02-10-2014, 08:54 AM)Curiousparty Wrote:opmi Wrote:^^ public listed developers cannot hold forever also because of QC levy.can they form subsidiary and sell to that subsidiary ?
SG govt not stupid one. will look at ultimate owner.
Besides, the buying subsi would kenna ABSD since it is a corporate buyer.
I think this is happen before "180 apartments at Costa del Sol on Bayshore Road, sold by Hong Kong tycoon Li Ka-shing's Cheung Kong Holdings to another unit Japura Development Pte Ltd in early 1997. Japura Development Pte Ltd, hold for 10years before selling to Ong Beng Seng and his family."
http://singaporerealestatebuzz.blogspot....chive.html