CWG International acquires land in Jiangsu and Anhui
The group's strategy is to scale up in China, and target the Tier-3 market
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Singapore
REAL estate group CWG International on Monday announced that it has been successful in its bid for the land use rights of a land parcel at Changshu city, Jiangsu province, China for 454 million yuan (S$92.8 million).
Separately, it also announced that following its acquisition of a 70-per-cent interest in Chinese land owner Xuancheng Xinkaiyuan Real Estate Development Co in July, it has now acquired the remaining 30 per cent for 38 million yuan.
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