CapitaLand acquires prime mixed-use site in Chongqing worth 5.7b yuan
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Singapore
CAPITALAND has acquired all the shares in a company that owns a 32-hectare prime mixed-use site in Chongqing, in a move that will boost its residential pipeline in China by more than 2,100 units.
The amount payable is 2.2 billion Chinese yuan (S$454.3 million), which includes the agreed value of the property at 5.7 billion yuan, the group said on Wednesday.
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