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CDL working on PPS for Nouvel 18: sources

Singaporean equity investors sought for potential deal, which will price the asset at S$965m or S$2,750 psf; CDL will assume greatest risk, but also have share of upside

CDL is said to be racing to wrap up a deal for the condo ahead of a sales deadline in November stipulated by QC conditions.


FACED with a looming November deadline to finish selling all its units in the completed Nouvel 18 condo project in a plush District 10 locale, City Developments Ltd (CDL) is racing to stitch together a profit participation securities (PPS) scheme for the project, BT understands...

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