Surbana Corporation, jointly owned by Temasek (60 per cent) and CapitaLand (40 per cent), said it has acquired a residential site in Chengdu China, for about US$105 million. The 804,000 square feet site was purchased through a public auction. Surbana said it will yield a potential gross floor area of over 300,000 square metres. This translates to about 3,200 apartments. Construction is expected to start...
