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CapitaLand invests in Danga Bay?

tefd - 180213

18-Feb-2013: The Edge Financial Daily reported that Iskandar Waterfront Holdings Sdn Bhd (IWH), the master developer of parts of Johor Bahru city, and its Singapore partner, CapitaLand Ltd, will jointly develop the Danga Bay project worth between RM4 billion and RM5 billion in gross development value (GDV). CapitaLand is believe to acquire 60-acre of land in Danga Bay worth RM1 billion.

Sources and Reference:
http://www.theedgemalaysia.com/in-the-financial-daily.html
http://www.iskandarwaterfront.com.my/index.html

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