Bloomberg.com, 23 Jun 2009, Liza Lin and Chia-Peck Wong
June 23 (Bloomberg) -- CapitaLand Retail Ltd. said China land remains too expensive for it to make acquisitions and the unit of Southeast Asia’s biggest developer will instead focus on completing its shopping mall projects in the country.
“I don’t think it’s the right time” to buy more land in China, Lim Beng Chee, chief executive officer of CapitaLand Ltd.’s retail unit, said in an interview in Singapore.
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