Property group CapitaLand has set up a housing private equity fund that will invest in value housing developments in China. The company said in a statement that the CapitaLand China Value Housing Fund (CCVHF) was successfully closed at US$215 million (S$264 million). CapitaLand's wholly-owned unit, CapitaValue Homes, has a 58.6 per cent stake in the fund, totalling up to S$155 million. Meanwhile, other...
