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Lum Chang buying The Verge for redevelopment
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Published Wed, Aug 3, 2016 · 09:50 PM
Singapore
LUM Chang Holdings has signalled its intention to re-enter the Singapore property market in a big way by inking a deal to buy The Verge in Little India.
The mainboard-listed construction and property group said on Wednesday that it has entered into a term sheet and will begin exclusive due diligence and negotiations for the proposed purchase of the property, which is 90 per cent owned by Malaysian conglomerate DRB-Hicom.
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