CapitaLand to open 8 malls in 2017
The malls have a record 1m sqm of retail gross floor area.
According to RHB, CapitaLand would be completing eight shopping malls this year (six in China, one in Malaysia, and one in India) with a record 1m square metre of retail GFA.
“Of these, three belong to its high-end Raffles City portfolio across key China cities of Shanghai, Shenzhen, and Hangzhou. These malls, when fully opened, would further boost its recurring income portfolio, which currently accounts for more than c.76% of total assets,” added RHB.