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CapitaLand Limited
Annual Report 2015
CapitaLand China
A leading foreign real estate
developer in China
CapitaLand has made a mark in the Chinese market with
its innovative real estate concepts, products and services.
In 2015, it continued to invest in well-located sites and
projects to grow its portfolio and drive its integrated
development strategy in the five core city clusters, namely,
Shanghai/Hangzhou/Suzhou/Ningbo, Beijing/Tianjin,
Guangzhou/Shenzhen, Chengdu/Chongqing and Wuhan.
Achieving Record-breaking Residential Sales
In 2015, CapitaLand China sold 9,402 residential units
(2014: 4,961 units) with a total sales value of RMB15.4 billion
(~S$3.4 billion) (2014: RMB7.6 billion), which doubled that
of last year and broke the record since CapitaLand entered
China in 1994. The sales were mainly from The Paragon
and Lotus Mansion in Shanghai, Riverfront in Hangzhou,
The Metropolis in Kunshan, Dolce Vita in Guangzhou,
ONE iPARK in Shenzhen, Century Park in Chengdu and
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Deepening Presence in Gateway Cities
During the year, CapitaLand continued to expand its scale in
the top tier cities of China.
In South China, CapitaLand is working with the government
in the urban renewal project at Datansha, an island on the
Pearl River which flows through downtown Guangzhou.
CapitaLand has acquired the first plot of land in the project in
October 2015 and would develop it into a residential project.
CapitaLand plans to launch the project in 2017.
In East China, Office Tower 3 of Raffles City Changning
in Shanghai has commenced operations in 3Q 2015 and
achieved a committed occupancy of 82% as at end 2015.
Raffles City Hangzhou has also launched Sky Habitat in end
November 2015, while its strata-office was launched for sale
in December 2014. In the up and coming western region, the
iconic Raffles City Chongqing has commenced construction
of its basement.
In 2015, CapitaLand acquired the remaining 60% equity
interest in CapitaLand Township. The full ownership of
CapitaLand Township will allow CapitaLand to integrate
the township development business into CapitaLand China
for the Group to enjoy full synergies and cost savings in its
development business.
Expanding Online to Offline (O2O) Initiatives
CapitaLand China accelerated its O2O initiatives in 2015.
In May, CapitaLand became the first foreign property
developer to collaborate with Jia.com, China’s leading online
renovation solution platform. Home owners of our New
Horizon project in Shanghai and Summit Era in Ningbo were
able to enjoy standard or customised renovation packages
offered by Jia.com. In November, CapitaLand became the
first property developer to open a virtual store on JD.com,
one of the largest B2C online retailers in China. Eleven of
CapitaLand’s properties across nine Chinese cities were
available for sales through this platform.
Looking Ahead
CapitaLand remains committed to grow its business in
China. China’s 13
th
Five Year Plan announced in October
2015 has set a target to achieve an average 6.5% growth
of its gross domestic product over the next five years.
CapitaLand will leverage its real estate expertise accumulated
through 21 years of experience in China to offer quality real
estate products to the Chinese consumers.
Raffles City Changning, Shanghai, China
