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MBFC owners win property tax refund appeal

Court of Appeal rules that vacancy refunds extend to fitting-out periods

THE owners of Marina Bay Financial Centre (MBFC) Towers 1 and 2 have won an appeal to recover $6.9 million in property tax refunds, with the Court of Appeal having ruled that vacancy refunds extend to fitting-out periods as well. In a landmark decision made public yesterday, the appellate court

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