.CapitaLand reopens all China malls, posts rise in residential sales
Tan Tze Wooi, chief executive of the Reit's manager, said the Reit was"very encouraged" by the return of tenants and shoppers, adding that it would work closely with retailers to meet pent-up demand through targeted offerings and attractive promotions.
Apart from mall tenants, about 95 per cent of CapitaLand's office tenants have also resumed operations, with over 65 per cent of tenants' employees returning to the office, the property developer said. Other notable sales it made in the first quarter of the year include Jing'an One in Shanghai, and Citta Di Mare and La Riva in Guangzhou. The three properties netted the company 336 million yuan, 390 million yuan and 288 million yuan in sales, respectively.
In a video message accompanying the release of its 2019 annual report, CapitaLand's group chief executive Lee Chee Koon said the company remained well capitalised with committed facilities and available cash on the liquidity front.
Singapore Latest News, Singapore Headlines
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