CAPITALAND said yesterday its joint venture company in China has acquired three land sites in Chengdu for S$137.4 million to develop a township. The sites in Wenjiang district will yield a potential gross floor area of 1.28 million sq m.
The JV plans to amalgamate the three sites and develop a scenic township comprising about 7,400 homes, a theme park, retail facilities, a five-star hotel and luxurious serviced villas.
The township, to be developed in three phases, is expected to be fully completed by 2013.
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