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CDL buys Delfi Orchard in en bloc deal for S$439 million

CITY Developments Ltd (CDL) has bought over Delfi Orchard, a 40-year-old strata-titled building of which it already owns the majority share, for S$439 million. This was just a shade above the guide price of S$438 million when the site was launched for collective sale in mid-April.
Sherman Kwek Orchard Hotel Shopping Centre City Developments Ltd Ong Beng Seng Hotel Properties Strategic Development Incentive

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