(sna) Government-linked Capitaland's mega township project in Iskandar hits a snag

(sna) Government-linked Capitaland's mega township project in Iskandar hits a snag

Amid growing anxiety over a glut of high-rise residences in Malaysia's Iskandar, a mega waterfront township project there appears to have hit a snag. The Business Times understands that CapitaLand, South-east Asia's largest real estate developer, recently sought a six-month extension on the launch of its 900-unit high rise condominium, which is the first phase of a S$3.2 billion ($2.52 billion) Danga Bay project, which spans some 28 hectares on a man-made island.

Full article: http://singaporenewsalternative.blogspot.com/2014/09/gove...

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