SINGAPORE, July 3 China Everbright Ltd
which recently bought a stake in Singapore-listed Chongqing
developer Ying Li International, also bought a piece
of land late last year in Chongqing, right behind the site of
CapitaLand Ltd's new project.
CapitaLand's sizeable commitment in Chongqing gave Everbright
the confidence that its own investment could work out, the
firm's head of real estate investment and fund raising, James
Pan, told The Business Times.
NOTE: Reuters has not verified this story and does not
vouch for its accuracy.
($1 = 1.2473 Singapore dollars)
(Reporting by Saeed Azhar; Editing by Sunil Nair)