CapitaLand launches Raffles City Shenzhen

Singapore - THE topping-out ceremony of the new Raffles City Shenzhen, attended by Ong Ye Kung, co-chairman of the Singapore-Guangdong Collaboration Council, was held on Thursday.

The mall, launched by CapitaLand, is the first Raffles City mall in south China, said CapitaLand in a statement.

Located in Nanshan District, the technology and industrial hub of Shenzhen, Raffles City Shenzhen consists of a 70,000 sq m mall, a 23-storey office tower and a 182-unit serviced residence.

The mall has achieved a committed occupancy of more than 50 per cent, a year ahead of its opening. It is slated to open in the second quarter of next year.

The mall will feature smart technologies.

CapitaLand China's chief executive Lucas Loh said: "Serviced residence guests and working professionals can expect seamless offline and online customer experiences, including an in-mall navigation tool, a smart car park, online-payment options and more."

Mr Ong, who is also Acting Minister for Education (Higher Education and Skills), listed the similarities between Singapore and China, in that both economies are undergoing transformation.

"As our countries transform themselves to seek new fortunes and prosperity in this new world, Singapore and Shenzhen can be uniquely positioned to be at the forefront of this transformation."

This article was first published on May 27, 2016.
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