CapitaMalls Asia slated to open two malls before Christmas

One has already achieved 100% commitment rate.

According to Maybank Kim Eng, CMA is on track to open Bedok Mall and Westgate (both in Singapore) before Christmas this year, which will bring greater cheer as they underpin earnings growth for FY14.

Here's more:

Set to entrench its leadership position. In Singapore, CMA is on track to open Bedok Mall and Westgate in 4Q13 before Christmas, having already achieved commitment rates of ~100% and ~85% respectively.

CapitaMall Jinniu (Phase II) in Chengdu, China, opened on 29 Sep with >90% occupancy and CMA expected the mall to achieve an NPI yield of ~7% after its first year of operation.

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