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)
|
