CapitaLand dumps residential site in Shanghai

Part of an ongoing strategy of capital productivity, the divestment of the 144,657 square metre site in Qingpu District is worth approximately S$152.6 million.

Expected to take place in the second quarter of 2011, the completion of the divestment is subject to the fulfillment of certain conditions set out in the agreement between subsidiary CapitaLand China Holdings Pte Ltd and the purchaser.

CapitaLand’s entire 100% interest in BR Properties Pte Ltd which holds the site through its 95% owned subsidiary Shanghai Guang Nan Real Estate Development Co Ltd is being sold off.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!