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South Beach Consortium can afford to be patient

Once cash flow from the components of the South Beach project has stabilised, the consortium could potentially monetise them.

AFTER labouring for seven years, City Developments Ltd (CDL) is finally starting to see the fruits of its hard work for the South Beach project.

The first component to be completed is the 34-storey office tower, with Temporary Occupation Permit slated to be received by year-end. South...