BEIJING, August 21, SinoCast -- CapitaLand, the largest real estate company in Southeast Asia by market value, is to mainly invest its provision of CNY 230 million in residential houses in cities in China it has business.

CapitaLand, headquartered in Singapore, announced on August 18, 2009 that it would pour about CNY 471 million of its total raised capital via a share placement recently into its subsidiaries in China and Vietnam, and the Ascott Group, including CNY 230 million into CapitaLand China.

By far, the Singapore developer has operated 20 residential house buildings in seven cities in China, with an area under development of about 3.6 million square meters, and possessed an area under deveopment of 2.3 million square meters via strategic cooperation.

Jason Leow, CEO of CapitaLand China, said that one of its major businesses in China was residential houses, so the company was to continue seeking for more opportunities in cities it has business currently.