CapitaLand Ltd. (CAPL), which has S$10.4 billion ($8.1 billion) of assets in China, said it’s aiming to double its portfolio in the country in the next five years as it expects the economy to expand over the next decade.
CapitaLand, Southeast Asia’s biggest developer, expects new investments in all sectors in the country, including apartments, shopping malls, serviced residences and the “Raffles City” brand of office and retail developments, Chief Opera1ting Officer Lim Ming Yan in an interview in Singapore yesterday. Full story
