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The fair value gain on Nassim Woods on the designation of the land for redevelopment is $48 million (pre-tax).
https://www.kepcorp.com/en/file/inve...transcript.pdf
Redevelopment of Nassim Woods
Location: Nassim Road
Total no. of units: 106
GFA: 99,600 sf
Nassim Woods is a 35-unit luxurious
condominium located in the prime residential
area of Nassim Hill. The development is
located near foreign embassies, a country
club and the Singapore Botanic Gardens,
a UNESCO World Heritage Site.
Keppel Land is studying the redevelopment
of Nassim Woods which could yield about
106 units.
http://www.keppelland.com/en/download.ashx?id=14129