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1261-1280 of 1772
tOday Channel News Asia, CHINA gOvernment made statement that CHINA property PRICES will cOntinue tO RiSE.
Just Like WHAT singapOre gOvernment alsO made a statement tOday that there is nO further prOperty PRICE cOunter measures nOw.
immEdiatEly Singapore prOperty cOunters HiT tOp GAINS CHART this mOrnging.
Both CHINA and singapOre prOperty PRiCES WiLL cOntinue tO RiSE
CA PITAMALLS ASIA
$114m purchase in Chengdu
Millet Enriquez
emelita@mediacorp.com.sg
SINGAPORE
The company said yesterday that it has agreed with CapitaRetail China Development Fund II (CRCDF II) to buy the integrated development for 554.2 million yuan ($114 million).
Located near a completed metro train station in Chengdu’s Gao Xin district, the integrated project consists of retail, residential and office components.
CapitaMalls Asia estimates total development cost at 1.79 billion yuan, including land cost of 305.0 million yuan and construction and fitting-out costs.
When completed, it will have a total gross floor area of 201,813 sq m. C u r r e n t l y, t h e p r o j e c t ’ s r e t a i l component (Tianfu Mall) is in the early stages of development by CRCDF II and is targeted to open by end-2013.
The shopping mall will consist of seven storeys of retail space and a rooftop garden. Mr Liew Mun Leong, chairman of CapitaMalls Asia, said the integrated development will benefit from Chengdu’s upcoming business district, as private sector and multinational companies are expected to set up office there.
Mr Lim Beng Chee, chief executive officer of CapitaMalls Asia, also sees the deal as a win-win situation for both companies.
“Our acquisitions of Meili Mall in Chengdu and this integrated development will increase our presence and exposur in China, which we target to account for 40 per cent of the total value of our properties,” he said.
The site, which measures a total of 30,041 sq m, has a 40-year tenure which will expire in February 2048.
— CapitaMalls Asia is expanding its presence in China with the acquisition of an integrated development in Chengdu.yummygd ( Date: 08-Mar-2010 13:40) Posted:
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Agreed. Run @ 0.51.
I too made a wrong decision in buying these POS.
FearValueGreed ( Date: 09-Mar-2010 00:19) Posted:
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The down wave coming, pls take opportunity to sell in strength.
No doubt about it 10cents,
ok give it another 50%, 15cents.
My soldiers wont move unless enemy is really stripped to the last piece
Patience is the key in buying properties
my bullets dried up liao. haiz. still at 0.545 but i have faith this counter will fly. tom isthe day?? haha big funds steppin in??
yummygd ( Date: 08-Mar-2010 15:32) Posted:
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yummygd ( Date: 02-Mar-2010 19:03) Posted:
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pharoah88 ( Date: 08-Mar-2010 10:57) Posted:
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Was alil worried cos am holding it....but I have faith, thanks for sharing this infos.
I would like to emphasis here is that NO FEAR to YingLi for few reasons:
1) YingLi FV is 0.9~1.00
2) China government is asking not increaing property price too fast, NOT SAYING collapes the property price which may hit China GDP
I'm waitng for exit point at $0.8~$0.85. Plan to leave 10%-20% profit to others.