| CapitaLand Ltd, Southeast Asia's largest property developer, may place its $5.3 billion projects in China into a real estate investment trust (REIT), Singapore's Straits Times newspaper reported on Monday, quoting a senior executive of the company.
CapitaLand's Chief Operating Officer Lim Ming Yan said should the company decide to do that, the plan would not happen in the near future because five out of seven of its projects, under its Raffles City brand, in China were still under development, according to the report..............................................Full Article: Source
|