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CDL attempts third PPS deal, this time with top-end condos

Portfolio worth about S$350 million to be made up of apartments in Cliveden at Grange, St Regis and One Shenton

CDL's PPS of 48 apartments - at Cliveden at Grange (left), St Regis Residences Singapore and One Shenton - is significantly smaller than its previous two exercises. PPS is a fixed-term instrument that provides investors both yield and capital gains play.


CITY Developments Ltd (CDL) is said to be attempting its third profit participation securities (PPS) structure, this time involving a portfolio of 48 apartments in three projects in the Core Central Region completed earlier. The potential deal is seen as the latest instalment of...

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