SINGAPORE (July 4):  CapitaLand says its construction of Raffles City Chongqing is about 80% completed, with the 1.12 million sq m megastructure on track to open in phases from 2Q next year.

The update comes as part of a progress report to Singapore deputy prime minister (DPM) Teo Chee Hean, who visited the development site today.

As Singapore’s largest single-development in China at about $4.9 billion, Raffles City Chongqing began construction over five years ago and is located on Chaotianmen in Chongqing, China.

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