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UOB lawsuit unlikely to impact developers

Market watchers believe it will be difficult to find out if the price of a unit sold has been inflated

MARINA COLLECTION: Buyers of 38 units here had allegedly secured inflated home loans from the bank between late 2011 and July 2013.


THE lawsuit filed by United Overseas Bank (UOB) against a Lippo Group subsidiary and seven other individuals has intrigued industry players over how the transacted prices of some residential units could be so substantially inflated. But many have deemed this a special case on