11 Jan '12, 12am

CapitaLand puts $4b in Chongqing project

CapitaLand puts $4b in Chongqing project

The project, designed by architect Moshe Safdie, the man behind the Marina Bay Sands integrated resort, had drawn criticism from Chinese netizens for its similarities to the IR. -- PHOTO: CAPITAMALLS ASIA By Kor Kian Beng CHONGQING - Singapore property giant CapitaLand has put down a $4 billion wager on the Chinese real estate market, signalling confidence in China even as many hold back amid fears of a recession this year. On Tuesday, the home-grown developer sealed an agreement with south-western Chongqing city to build an iconic mixed-used project designed by architect Moshe Safdie, the man behind the Marina Bay Sands integrated resort. Sitting on a 91,783 sq m prime riverfront plot between Chao Tian Men Square and Chongqing's traditional central business district in Jie Fang Bei, the 21.1 billion yuan (S$4.3 billion) development will be home to residential units, offic...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

Tweets

Renewable energy project monitor

renewableenergyfocus.com 16 Jan '12, 10am

Renewable energy project monitor 16 January 2012 Mike Major November/December: Our regular column, written by the Energy I...