CRCT - China shopping malls
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TO INVEST in China shopping malls, investors should look at Singapore's first and only China shopping mall Reit, CapitaRetail China Trust (CRCT).
CRCT contains 10 malls worth $2 billion in total as at end-2013. Five are in Beijing, and the Reit has one mall each in the cities of Shanghai, Wuhan, Wuhu, Zhengzhou and Huhhot.
The biggest and most profitable mall is CapitaMall Xizhimen, located at a transportation hub in Beijing. About 35 million shoppers passed through it last year - about the same as those passing through Raffles City, for a comparison.
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