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Singapore property's next 'Sail' moment not on the horizon

City Developments, together with partner AIG Global Real Estate, launched Sail @ Marina Bay 13 years ago, in a market that was down 45 per cent from its 1996 peak.


ALMOST exactly 13 years ago, Kwek Leng Beng, the billionaire chairman of City Developments Ltd, then Singapore's biggest builder by market value, did something outlandish.

Together with partner AIG Global Real Estate, he launched Sail @ Marina Bay, an ambitious, 245-metre...

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