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CapitaLand
THE serviced residences arm of property group CapitaLand, The Ascott Holdings, has entered into a sale and purchase agreement to sell its entire interest in the 154-unit Somerset ZhongGuanCun Beijing for S$125 million to Hong Kong Qianhai Zhongjin Group.
CapitaLand says the sale is part of its ongoing strategy to enhance capital productivity and strengthen its capability to pursue other projects and enhance returns for its shareholders.
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