China to have 8 Raffles City projects by 2017
Chengdu development is CapLand's third after Beijing and Shanghai
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The $1-billion Raffles City Chengdu comprises a shopping mall, offices, a hotel, serviced residences and premium apartments. -- PHOTO: CAPITALAND
Property developer CapitaLand's latest $1-billion Raffles City development in Chengdu is one of eight Raffles City projects the Singapore company will have in China by 2017.
CapitaLand said that the eight projects on the mainland will be worth about $12 billion when completed.
In total, its international portfolio of nine Raffles City developments, including the one in Singapore, will be worth about $14.8 billion.
Raffles City Chengdu, which opened on Monday, is CapitaLand's third Raffles City project in China after Beijing and Shanghai. The company began building it in January 2008.
