A Singapore consortium led by developer Capitaland will spend US$3.3-B to build a landmark in China’s western city of Chongqing shaped somewhat like the Marina Bay Sands of Singapore, local media reported on Wednesday.
The consortium, consisting Capitaland and its subsidiary CapitaMallsAsia as well as Singbridge Holdings, a unit of Singapore’s sovereign investment fund Temasek Holdings and a private investor spent 6.54-B Yuan (US$1.03-B) for the river-front parcel of 91,783 sq meters. Full story
