City Developments (CityDev) (CTDM.SI), Singapore’s second largest property firm, said on Thursday it has bought a site in Chongqing, China for 540 million yuan ($110.5 million), reported Reuters.
The site, the third bought by CityDev China in just over a year, was acquired after a strongly contested government tender. CityDev will build around 900 apartments and a commercial complex on the 2.35 hectare site.
The site, the third bought by CityDev China in just over a year, was acquired after a strongly contested government tender. CityDev will build around 900 apartments and a commercial complex on the 2.35 hectare site.
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