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Hotel disposal adds almost $1b to OUE gain

Group makes $105m provision for Twin Peaks project based on latest valuation

Singapore INTEGRATED property developer OUE Limited's net profit for the fiscal first quarter ballooned to $945.6 million from $1.8 million a year ago. This was due to the recognition of net fair value gain on the Lippo Plaza property which amounted to $114.8 million and a gain of $986.4 million