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CapitaLand Development wins bid for two prime residential sites in China for $748 mil

Felicia Tan
Felicia Tan4/4/2022 09:04 AM GMT+08  • 3 min read
CapitaLand Development wins bid for two prime residential sites in China for $748 mil
The Wuhan land plot. Photo: CapitaLand Development
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CapitaLand Development (CLD), the development arm of CapitaLand Group, has won bids for two prime residential sites in China’s Wuhan and Chengdu at a total price of RMB3.49 billion ($748 million).

The site in Wuhan was clinched at a price bid of RMB2.31 billion, while the Chengdu site was secured at a price bid of RMB1.18 billion.

Wuhan is the capital of Hubei province and is the largest city in Central China. Chengdu is the capital and largest city in China’s Sichuan province.

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