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City Developments Ltd, run by Singapore’s richest property dynasty, saw a loss of S$32.1 million ($23.7 million) in the first half due to tax expenses and the pandemic fallout.Covid relief plans were no longer available like last year when it benefited from a deferred tax credit of S$17.6 million. CDL’s revenue in the six months rose by 11.1% to S$1.2 billion.

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