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PPS3 to be priced 'much higher than S$2,300 psf'

CDL responds to BT report which cited S$2,300 psf as the approximate figure for the transaction on a portfolio basis


CITY Developments Ltd (CDL) has said that the anticipated pricing for a potential residential profit participation securities (PPS) transaction will be "much higher" than the S$2,300 per square foot (psf) cited in a report in The Business Times on Friday, "given the intrinsic