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Property bellwethers CDL, Ascott sound warning on H1 profit hit

City Developments and Ascott Residence Trust warned of dour performance in their financial results, stung by Covid-19 city lockdowns and other safe-distancing measures.

As at 11.32am, ART stapled securities tumbled 3.4 per cent to trade at 99.5 Singapore cents, while CDL shares fell 2.5 per cent to S$8.49.

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