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CapitaMalls Asia to open 7 new malls by 2014

Singapore Business Review
Photo by CMA

Then 13 more in 2015 and beyond.

CapitaMalls Asia revealed its pipeline projection of malls opening in the next 3 years in its presentation slides for the Macquarie Asean Conference it disclosed to the Singapore Exchange.

Currently, the mall developer has 83 operational malls, consisiting of 17 in Singapore, 51 in China, 5 in Malaysia, 8 in Japan and 2 in India.

In 2013, it targets to open just 3 malls -- 2 in Singapore and 1 India.

Then in 2014, it plans to put up 4 more malls, which includes 2 in China (namely, CapitaMall Tianfu, Chengdu and CapitaMall 1818, Wuhan) and 2 more in India.

Then for 2015 and beyond, it has confirmed a total of 8 more China malls, 1 Malaysia mall and 4 India malls to be built.



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