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SingPost Centre win shows good progress of new recurring income stream

PC Lee
PC Lee • 2 min read
 SingPost Centre win shows good progress of new recurring income stream
SINGAPORE (March 28): Lim & Tan Securities is maintaining its “buy” call for CapitaLand with $4.15 target price after the developer signed a third-party mall management contract with Singapore Post for its upcoming mall.
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SINGAPORE (March 28): Lim & Tan Securities is maintaining its “buy” call for CapitaLand with $4.15 target price after the developer signed a third-party mall management contract with Singapore Post for its upcoming mall.

(See also: CapitaLand Mall Asia to manage mall at upcoming SingPost Centre)

This is the third mall management contract that CapitaLand has inked in slightly over six months, after securing the first two in China.

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