That will more than double CapitaLand's target for new homes in smaller cities, the newspaper said. CapitaLand, Southeast Asia's biggest real estate company, said in May it formed a venture that will develop as many as 25,000 homes in Chengdu, a city in southern China. Discussions with the Chinese party were in preliminary stages, the report cited Liew as saying. He didn't identify the company.

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