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CapitaLand Limited has entered into a conditional agreement with Ascott Residence Trust to acquire Somerset Grand Cairnhill Singapore located in the heart of Orchard Road for S$359 million. CapitaLand's wholly-owned subsidiaries, The Ascott Limited and CapitaLand Residential Singapore Pte Ltd, will jointly redevelop the prime Orchard Road site into CapitaLand's first integrated development in Singapore that comprises a serviced residence with a hotel licence and a high-end residential development...Attachments:
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