CapitaLand said to be keen on massive Shanghai project on sale for 12.79b yuan
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Nisha Ramchandani
Singapore
CAPITALAND is said to be eyeing the Star Harbour International Centre, a mixed-use development in Shanghai which has been launched for sale with a reserve price of 12.79 billion yuan (S$2.5 billion).
China media reported that the Singapore-based property giant has agreed to buy the project. In response to queries from The Business Times, a spokesperson for CapitaLand said: ""We do not comment on market rumours. As and when there is material development we would make the appropriate announcement."
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