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High networths join CDL's Nouvel 18 PPS deal

They include OSIM's Ron Sim, Straits Trading's Chew Gek Khim, Fragrance's Koh Wee Meng and developer Satinder Garcha

Nouvel 18 near the corner of Anderson Road and Ardmore Park. Green 18 will enjoy a preferred 5 per cent annual internal rate of return (IRR) as well as upside beyond that, less any incentive fees payable.


OSIM founder Ron Sim, The Straits Trading Company chairman Chew Gek Khim, Fragrance Group boss Koh Wee Meng, polo player and upscale property developer Satinder Garcha are among the high net worth Singaporean investors participating in City Developments' S$977.6 million deal to...

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