BIZCHINA / Biz Media Digest
Real estate: Small-city homes
(Shanghai Daily)
Updated: 2006-09-11 10:48
Capitaland Ltd is in talks with a partner to build as many as 30,000
mid-range homes in China's smaller cities, including Chengdu, the
Business Times reported, citing Chief Executive Officer Liew Mun Leong.
That will more than double CapitaLand's target for new homes in smaller
cities, the newspaper said. CapitaLand, Southeast Asia's biggest real
estate company, said in May it formed a venture that will develop as many
as 25,000 homes in Chengdu, a city in southern China. Discussions with
the Chinese party were in preliminary stages, the report cited Liew as
saying. He didn't identify the company.
(For more biz stories, please visit Industry Updates)
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