Billionaire Li Ka-shing’s Singapore property joint venture may seek more land in the city’s downtown to replicate its latest development that attracted global banks including Standard Chartered Plc and Macquarie Group Ltd.
The venture, made up of Li’s Cheung Kong Holdings Ltd. (1), Hongkong Land Holdings Ltd. (HKL) and Keppel Land Ltd. (KPLD), developed the Marina Bay Financial Centre for about S$4.5 billion ($3.6 billion), it said. The shareholders may be interested in projects close to the existing development, said Warren Bishop, chief executive officer of Raffles Quay Asset Management Pte, which is owned by and manages the venture’s Singapore properties. Full story
