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$4.8b Raffles City Chongqing opening soon

Feb 25, 2019
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CapitaLand announced on Monday (25 Feb) that it’s making final preparations to open the highly-anticipated Raffles City Chongqing in southwest China by the second half of this year, after it had just topped out the final tower of the mega project costing around RMB24 billion (approx. S$4.8 billion).

“After six years of construction using state-of-the-art engineering technologies, we are proud to present in Raffles City Chongqing an iconic architectural form resembling a powerful sail surging forward on the historic Chaotianmen site,” said Lucas Loh, President for China & Investment Management at CapitaLand Group.

The topping out follows the completion of a 250m-high sky bridge that connects six of the project’s eight skyscrapers. Dubbed The Crystal, the structure is touted as the world’s highest sky bridge, and one of the eight towers holds the record for being China’s tallest residential tower with a height of 350 metres.

“Upon the project’s structural completion, we are now focusing on the interior fit-out works, including transplanting trees to enliven The Crystal sky bridge, which will feature the tallest observation deck across Western China,” noted Loh.

To date, Raffles City Chongqing has rolled-out three residential towers with a total of 772 units, out of these 72 percent have been taken-up. As for the project’s mall, it will house around 450 retailers.

Situated at Chaotianmen in Yuzhong District at the confluence of Jialing River and Yangtze River, Raffles City Chongqing has a land area of 9.2 hectares.

The mega project features 150,000 sq m of Grade A office space, a 235,000 sq m shopping centre and about 1,400 apartments. It also includes the InterContinental Raffles City Chongqing hotel and Ascott Raffles City Chongqing serviced residence.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

Related Articles:

CapitaLand, GIC buy Shanghai’s tallest twin towers for $2.54b

CapitaLand to acquire Ascendas-Singbridge in $11b deal

CapitaLand bullish of growth potential in China

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