CapitaLand opens new Raffles City mall in Chongqing

Capitaland has opened a Raffles City mall in Chongqing, China.

The first component in the 1.12 million sqm megastructure to be opened to the public was the development’s 235,000sqm shopping mall, which launched on September 6 with 95 percent committed occupancy. About 40 per cent of the more than 400 international and local brands are new-to-market brands for the city, flagships or new concept stores.

Located in Chaotianmen, it is Singapore’s and Capitaland’s single largest development in China at RMB24 billion (US$3.37 billion).

“The opening of Raffles City Chongqing marks a new milestone in Capitaland’s contribution towards and benefiting from China’s urbanization push,” said Capitaland Group president, China, Lucas Loh.

“As the ninth Raffles City development to turn operational, it is by far our largest and most complex integrated development. Seven years in the making, Raffles City Chongqing is a megastructure that melds astounding architectural design with sustainable urban planning. The development was purposefully built to spearhead the renewal of the Chaotianmen riverfront district with world-class live-work-play amenities and improved accessibility.”

“As the representation of Capitaland’s new-gen malls in China, Raffles City Chongqing combines experiential retail concepts with digitalization to excite and engage shoppers,” said Capitaland CEO commercial management, China Chin Phei Chen.

“Value-added services such as augmented reality navigation, restaurant booking and carpark reservation are supported by the Capitastar app. In addition to curating an attractive tenant mix, we have also created public spaces with regular art and heritage showcases for the public to enjoy, learn and discover.

“Raffles City Chongqing is at once a showcase of local culture to the world and a beacon of international sophistication in the aspiring global city; in short, a destination for both residents and tourists,” he said.