Singapore Stock Market News

Author: StockFanatic   |   Latest post: Tue, 16 Oct 2018, 12:38 PM


CapitaLand - Doubles down in Chongqing

Author:   |    Publish date:   |  >> Read article in Blog website

• Acquired 32-ha prime mixed-use site in Chongqing for RMB5.7bn (S$1.19bn); land price of RMB18,000 psqm of land area

• Adding more than 2,100 residential units to pipeline

• Development comprises two greenfield sites and a brownfield site. Expected completion by 2022

• Deployment of capital a positive; earnings to kick in as selected sites will start handing over completed residential units soon.
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Labels: CapitaLand

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CapitaLand 3.13 +0.05 (1.62%) 3,945,000 

Market Buzz

Date Type Subject
12-Oct-2018 Announcement Asset Acquisitions and Disposals::Establishment of wholly owned subsidiary, CREDO I China GP Pte. Ltd.

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