CFA Society Singapore
SINGAPORE (Feb 25): CapitaLand says it has successfully topped out the eighth and final skyscraper of Raffles City Chongqing as the group enters the final lap of preparation works to open the 1.12 million sq m megastructure in 2H19.
Once completed, the development will bring together 150,000 sq m of Grade ‘A’ office space; about 1,400 residential apartments; Ascott Raffles City Chongqing serviced residence and InterContinental Raffles City Chongqing hotel; and a 235,000 sq m shopping mall.
Anchor tenants committed to date include Chinese electric vehicle (EV) company NIO, bookstore chain Yanjiyou, and fine foods purveyor Ole’.
The group’s topping out of Raffles City Chongqing follows its structural completion of the development’s 250m high sky bridge, The Crystal, which links six of Raffles Chongqing’s eight skyscrapers.
Designed by architect Moshe Safdie and measuring 300m, 32.5m and 26m in length, width and height, respectively, it is the world’s highest sky bridge linking the most number of towers.
In a press release on Monday, the group’s president for China and investment management, Lucas Loh, says the group will now focus on Raffles City Chongqing’s interior and fit-out works, such as transplanting trees to The Crystal sky bridge.
“Positioned as a must-visit destination for local residents as well as domestic and overseas travellers, Raffles City Chongqing has been garnering strong response from our customers. To date, Raffles City Chongqing has launched three residential towers with a total of 772 units, out of which 72% have been sold. The development’s five-storey shopping mall will house some 450 retailers offering a great variety of fashion, dining, lifestyle and entertainment options,” says Loh.
“We will continue to engage homebuyers, retailers and companies who are keen to be a part of this prestigious development,” he adds.
Shares in CapitaLand closed 4 cents lower at $3.46 on Friday.