05 Jul '18, 1am

Chongqing – a growing city for investors https://t.co/zlFORQ9yMu

Adding on to their largest integrated development in Chongqing, CapitaLand will now also have a $1.2 billion site under their belt. Chongqing, Nanbin City Major developments from Singaporean developers in China This comes soon after news about Brother Holdings developing a Singapore City in the border town of Dandong, Liaoning. Singaporean property developers are growing bolder in their forays into the Chinese real estate market. CapitaLand has just acquired a company that owns a 32 hectare prime mixed-use site in Chongqing. The properties of this Chongqing Xinpaifang site are valued at 5.7 billion yuan and CapitaLand is paying a total amounting to 2.2 billion yuan (S$459 million). The massive site includes undeveloped land (greenfield sites) and developed land that is largely unused (brownfield sites). The former can potentially yield 1,900 residential units and a shoppin...

Full article: https://www.iproperty.com.sg/news/chongqing-a-growing-cit...

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