I would guess that he calculated that he would still be able to make another $161m or even much more from selling the units piece by piece at a good price later on.........
Capitaland needs to generate cash inflow every year to meet dividends payment, so they have to cut short their profits...........
the interesting thing is that wee cho yaw's purchase seem to signal that he is positive on freehold CCR.
combine that with this analysis: https://www.bloomberg.com/news/artic...ree-year-slump
in particular: "Hong Kong’s November increase in stamp duty to 30 percent for foreigners makes Singapore’s 18 percent rate more attractive to overseas buyers, particularly mainland Chinese who are seeking investments abroad to help shield them from a further weakening of the yuan."
that may have accounted for the increase in high value purchases spotted in Nov and Dec.
... u know, at his age, still bother about making money ? this one got to take a long time to monetize, by then ..
maybe he already had some creative schemes behind ... like packaging into some Pty Backed Note and sell to PEs.