Saturday, 8 February 2014

CapLand to focus China growth efforts in five city-clusters

BT 20140208 LKCAPITALAND8 948976
MR LIM
CapitaLand has a pipeline of over 60,000 residential units, having built over 40,000 units for mass-market and high-end projects. - FILE PHOTO

Singapore

CAPITALAND, marking its 20th year in China, is looking to deepen its presence in five city-clusters spanning the country.

The five city-clusters are Beijing and Tianjin in the north; Shanghai, Hangzhou, Suzhou and Ningbo in the east; Guangzhou and Shenzhen in the south; Chengdu and Chongqing in the west; and Wuhan in central China.

The chief executive of the real estate company, Lim Ming Yan, said: "The growing market trend towards larger integrated developments in these markets is an opportunity for us to harness synergies across our competencies in developing homes, offices, shopping malls, serviced residences and fund management.

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