By Lynda Hong | POSTED: 07 Feb 2014 23:56 | CNA


Property group CapitaLand said it sees growth opportunities in five city clusters in China.

The five city clusters are Beijing/Tianjin, Shanghai/Hangzhou/Suzhou/Ningbo, Guangzhou/Shenzhen, Chengdu/Chongqing, and Wuhan.

This comes as the company marked its 20th anniversary in China on Friday evening.

China is one of the two core markets for CapitaLand, apart from Singapore.

Since its entry into China in 1994, CapitaLand has built a diversified real estate portfolio of homes, offices, shopping malls, serviced residences and mixed-use developments.

It owns or manages 145 properties in 45 Chinese cities worth over S$42 billion.

It also has one of the largest real estate fund management businesses in China, with 12 private equity funds and two Singapore-listed real estate investment trusts.

As at end September last year, CapitaLand’s China business accounts for 39 per cent or S$14.2 billion of the group’s total assets of S$36.4 billion.

This is compared to only 9 per cent or S$1.5 billion a decade ago.

– CNA/xq