I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Thursday, 8 December 2011

CapitaLand's unit rids high-tech industrial site/building for S$99m

By YEO AIQI

CapitaLand Limited on Thursday announced that its unit, Corporation Place Limited, has divested a 30,787 sq metre plot of land and 7-storey high-tech industrial building at 2 Corporation Road, Singapore 618494 for S$99 million.

The book value of the property as at Nov 30, 2011 was S$79.2 million. CapitaLand is expected to recognise a gain of about S$14.5 million.

The divestment will help CapitaLand unlock the value of non-core assets and recycle capital.

The divestment is not expected to have any material impact on the net tangible assets or earnings per share of the company for the financial year ending Dec 31, 2011.



Posted by Createwealth8888 at 19:31
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