By Saurabh Chaturvedi

SINGAPORE--A unit of Singapore-listed CapitaLand (C31.SG) has sold its 100% stake in Nassim Hill Realty Pte. Ltd. to property developer Kheng Leong Co. for 411.6 million Singapore dollars (US$288.2 million).

CapitaLand said in a stock-exchange filing Nassim Hill Realty will cease to be a subsidiary after the sale.

Property developer NHR built the low-rise luxury condominium "The Nassim" in Singapore and currently owns 45 units there.

Write to Saurabh Chaturvedi at saurabh.chaturvedi@wsj.com

(END) Dow Jones Newswires

January 16, 2017 06:18 ET (11:18 GMT)

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