Singapore realty major City Developments scouring market for cheaper office deals

Singapore realty major City Developments scouring market for cheaper office deals

Grant Kelley, chief executive officer of City Developments Ltd., poses for a photograph in Singapore, on Friday, May 20, 2016. Photographer: Nicky Loh/Bloomberg *** Local Caption *** Grant Kelley

City Developments Ltd., Singapore’s second-largest developer, may seek to buy offices this year as rising interest rates makes such assets cheaper worldwide.

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