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Redeveloping Funan a better option for CapitaLand Mall Trust

Huge potential for an 80 per cent increase in gross floor area to 868,212 sq ft
Thursday, August 27, 2015 - 05:50
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Options for CMT: sell Funan and book a one-time gain; or redevelop it for the possibility of selling strata offices and owning the new retail space.

CAPITALAND Mall Trust (CMT) seems to have come to a crossroads of sorts for its Funan DigitaLife Mall along North Bridge Road. It could sell the ageing mall - which is looking even more tired amid the rejuvenation of the locale, thanks to the Capitol project - and book a one-time gain, in line

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