[photopress:property_shenyangnight.jpg,full,alignright]Singapore property developer Keppel Land has acquired a property site for RMB155 million in Shenyang City, the capital of Liaoning province.
The property is adjacent to another site that Keppel acquired in August 2007.
The combined site, measuring about 34 hectares, is intended for integrated township development with a mix of mid- and high-rise apartment blocks.
The project is expected to end up with about 5,600 homes and is scheduled to be completed in 2013.
The first phase of the development, targeted at upper middle-income homebuyers, will be up for launch in 2009.
Source: Trading Markets