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Prime Lands Residencies opens its IPO today 

11 May 2021

Prime Lands Residencies, the condominium property arm of Prime Group, opens its Initial Public Offering today, 11 May 2021. The highly awaited IPO will enable investors to indulge in a plethora of benefits by investing in the real estate sector, a market considered to be a secure and highly lucrative investment, even during these testing times.  By investing in the IPO, investors stand to doubly benefit from the growth of both the real estate market and the share market, which has also seen highly positive growth forecasts over the turn of the year – having secured returns after investing in a reputed, reliable company such as Prime Lands Residencies Limited. The IPO is being offered at a 40% discount, allowing investors to reap a significant capital gain. The company has also indicated that investors are eligible to avail a significant dividend payout of 40% from the profits of the financial year, ending 31 March 2021.  The company further believes that this IPO is expected to ensure that Prime Lands Residencies Ltd. and the Prime Group continue to expand boundaries, with a determination to provide the highest value to all of their stakeholders, ensuring that their satisfaction grows in lockstep with Prime Lands Residencies Ltd. and Prime Group’s growth. Because of historically low-interest rates, real estate is now more affordable than it has ever been, hence this is an excellent opportunity for the real estate industry to thrive once again.


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