SINGAPORE PRESS-CapitaLand's Iskandar township project hits snag - Business Times
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.
NOTE: Reuters has not verified this story and does not vouch for its accuracy. (1 US dollar = 1.2689 Singapore dollar) (Reporting by Singapore Newsroom; Editing by Subhranshu Sahu)
