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Higher fair value gains help lift Perennial's quarterly profit

Strata-sale revenue from TripleOne Somerset will complement the group's recurring income for FY2016.


PERENNIAL Real Estate Holdings has posted net profit of S$41.1 million for the quarter ended Dec 31, 2015, up 93 per cent from a year ago.

This was mainly due to slightly higher fair-value gains on investment properties, improved contribution from operating assets in...