CDL's Kwek sanguine about residential market; group's Q1 net down 19%
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Singapore
PROPERTY and hotels group City Developments Ltd (CDL) posted an 18.9 per cent drop in first quarter net earnings but its executive chairman Kwek Leng Beng is upbeat about the Singapore residential property market following the government's tweaks to cooling measures in March.
The sector is starting to "show some signs of recovery", he noted.
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