Wednesday, November 2, 2011

CapitaLand

CapitaLand: its unit CapitaValue Homes acquires 2 sites in China slated for low-cost housing which it plans to build ~2400 homes. The unit paid Rmb 303.8m or $69.6m for 2 adjacent land parcels in Guangzhou and Rmb226.2m for a 50.8k sm in Shanghai at govt land tenders. Prices paid were the reserve prices set by offerers.

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