Friday, October 17, 2008

CapitaLand sells S$1b of Gulf apartments

CAPITALAND Ltd, Southeast Asia’s largest developer, said sales of apartments in Bahrain and Abu Dhabi have reached S$1 billion (US$675 million) since June.

“A total of 849 residential units have been booked in Abu Dhabi and Bahrain amounting to combined sales revenue of about S$1 billion since June,” Chief Executive Officer Liew Mun Leong said in a release yesterday.

By Bloomberg

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