Nov 18, 2009 - PropertyGuru.com.sg
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Singapore Press Holdings (SPH), which has a near monopoly of the newspaper publishing industry in the country, will acquire a local property for S$541.9 million (US$391.8 million).
On Tuesday, SPH revealed that its subsidiary, CM Domain Pte Ltd, had received a notice from the Housing Development Board (HDB) stating that it won the bid to purchase Clementi Mall.
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Reader Comments: (1 comments)
Wow ! SPH has so much money. If only they would buy over Hong Leong Shopping centre as well. There is a potential catchment a few thousand middle-class homes within a kilometre of that area and the shopping centre is way below its potential.