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Saturday, Sep 01, 2012
The New Paper
Tycoon Li Ka Shing's group eyes more CBD land here

Billionaire Li Ka Shing's property joint venture in Singapore may seek more land in the downtown area.

The venture, made up of the Hong Konger's Cheung Kong Holdings, Hongkong Land Holdings and Keppel Land, developed the Marina Bay financial centre for about S$4.5 billion, it said.

The centre attracted global banks, including Standard Chartered and Macquarie Group.

Mr Warren Bishop, chief executive officer of Raffles Quay Asset Management, which is owned by and manages the venture's Singapore properties, said shareholders may be interested in projects closer to the existing development, reported Bloomberg.

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