CapitaCommercial Trust (CCT), a Singapore-listed office property trust, said on Thursday that it would redevelop a downtown carpark complex into an office building for up to $1.5 billion (US$1 billion).
Work on the Market Street Carpark located in Singapore’s central business district will begin in late 2008.
CCT is managed by a unit of CapitaLand, Southeast Asia’s largest developer by market capitalisation. — REUTERS
Source : Business Times - 3 Jan 2008
