Wednesday, 18 May 2011

CapitaLand sells Shanghai property for S$152.6m

SINGAPORE - Southeast Asia's largest property developer CapitaLand said on Wednesday, its unit CapitaLand China Holdings, sold a residential site in Shanghai, China, for about S$152.6 million (US$122.5 million).

CapitaLand expects to recognise a gain of approximately S$82 million from the transaction. -- REUTERS

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