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SINGAPORE PRESS-CapitaLand's Iskandar township project hits snag - Business Times

Reuters

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.

(http://bit.ly/1mpTCR1)

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)