Singapore Stock Market News

CapitaLand - Doubles down in Chongqing

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Publish date: Thu, 28 Jun 2018, 12:42 PM
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• 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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