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CapitaLand's Raffles City Chongqing on track, within budget

CEO Lim Ming Yan says S$4.9b mixed-use project's main selling point is prime location in Chaotianmen area

Lee U-Wen

Published Thu, Sep 1, 2016 · 09:50 PM

CapitaLand

Chongqing, China

EXACTLY four years after breaking ground, CapitaLand's massive Raffles City Chongqing project is on track and the first phase of the 24 billion yuan (S$4.9 billion) mixed-use development is expected to open in the second half of 2018.

The office towers will be the first to be ready, followed by the hotels and shopping malls in the middle of 2019, said the real estate developer's president and CEO Lim Ming Yan as he gave a progress update on what is Singapore's largest single development in China.

Speaking to The Business Times on Thursday, Mr Lim hailed…