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CDLHT says hotel rates will stay competitive amid supply (Amended)

Its DPS for the three months ended June 30 dips to 2.23¢

Singapore

HOTEL room rates are expected to stay competitive as more supply comes on board, said CDL Hospitality Trusts (CDLHT) as it on Friday reported a 0.9 per cent fall in distribution per stapled security (DPS), reflecting lower net property income.

It said industry room

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