CapitaLand to buy Guangzhou sites
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Singapore
CAPITALAND has won its bid to acquire two prime residential sites in Guangzhou, China, for 2.05 billion yuan (S$409.3 million), the property developer announced on Tuesday.
The two sites in the Zengcheng district occupy 150,000 square metres of land, and could allow the developer to build up to 1,300 homes by 2021 aimed at first-time homebuyers and upgraders, CapitaLand said.
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