The opening weekend of CapitaLand’s Raffles City Chongqing, housing a 235,000 square meter shopping mall, attracted more than 900,000 people, the property developer said in a filing to SGX Monday.
The mall opened on Friday with a 95 percent committed occupancy, CapitaLand said, adding around 40 percent of the 400 brands offered new-to-market brands, flagships or new concepts.
”The opening of Raffles City Chongqing marks a new milestone in CapitaLand’s contribution towards and benefiting from China’s urbanisation push. As the ninth Raffles City development to turn operational, it is by far our largest and most complex integrated development,” said Lucas Loh, president for China at CapitaLand.
Raffles City Chongqing is Singapore’s and CapitaLand’s largest development in China, with a price tag of 24 billion yuan, or around S$4.8 billion, the filing said.
In addition to the retail segment, the eight-tower development includes Ascott Raffles City Chongqing serviced residence, the InterContinental Raffles City Chongqing hotel, office space and luxury apartments, CapitaLand said.
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