20 April 2019

CapitaLand China unit eyes low-cost housing projects, WSJ says

Property developer CapitaLand’s China arm is shifting its focus to low-cost homes, as it expects the nation’s urbanization push to boost demand for residential property across all segments, the Wall Street Journal reported Thursday. Singapore-based CapitaLand, which entered the Chinese market almost 20 years ago, mainly builds mid- to high-end residential properties, offices, shopping malls and hotels in city-center locations. But with rocketing land prices in prime areas, the group plans to bid for land zoned for affordable homes, the report said.

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