CapitaLand has successfully opened four integrated developments in China: Raffles City Shenzhen, Raffles City Changning in Shanghai, Raffles City Hangzhou, and CapitaMall Westgate in Wuhan.
Collectively, these four developments span close to 1 million square metres in gross floor area, excluding car parking space. To date, CapitaLand owns and manages 23 integrated developments with over 6.2 million square metres of gross floor space in China’s tier one and tier two cities.
“China is an important core market for CapitaLand, accounting for 44% of the Group’s total assets. As a long-term investor in China, we are happy to be playing a part in the country’s urbanization drive,” says Lim Ming Yan, president and group CEO of CapitaLand.
Photo: CapitaLand.com