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Perennial and SPH raise stakes in Chinatown mall

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Chinatown Point Mall reopened in November 2012 after being renovated and linked to Chinatown MRT. Some 2.4 million people visit it every month, or roughly 80,000 a day.

Singapore

PERENNIAL Real Estate Holdings and Singapore Press Holdings (SPH) have bought an additional 60 per cent of a partnership holding Chinatown Point mall and four strata office units above it for a cash consideration of S$92.6 million.

Perennial's effective stake in the