CapitaLand to focus on 5 city clusters in China

As integrated developments boom in these markets.

CapitaLand recently celebrated its 20th year anniversary in China, and its top management unveiled a strategy focusing on five key city clusters in the country as it strives to grow its presence further.

“China has played a vital role in CapitaLand’s growth story and is an important core market to the Group. Looking ahead, we will focus our growth in five city clusters in China: Beijing/Tianjin, Shanghai/Hangzhou/Suzhou/Ningbo, Guangzhou/Shenzhen, Chengdu/Chongqing, and Wuhan," said Mr Lim Ming Yan, President & Group CEO, CapitaLand Limited.

"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," he added.

"As a long-term investor in China, CapitaLand will continue to develop quality and innovative real estate products and services to build a better life for the Chinese community and create sustainable value for the Group and its stakeholders," he said further.