Singapore property developer CDL strikes deals worth nearly $1b in China

Commercial buildings including the China Central Television (CCTV) Headquarters, center, stand in the central business district of Beijing. Photographer: Tomohiro Ohsumi/Bloomberg

Singapore-listed property major City Developments (CDL) on Wednesday announced its plan to invest nearly RMB 5.5 billion (approximately S$1.1 billion or $804 million) in China including the purchase of an indirect stake in Sincere Property Group.

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