Here are 5 key China hubs CapitaMalls Asia is targeting

It now has 51 malls in China.

According to Maybank Kim Eng, following the completion of Meilicheng in Chengdu and the acquisition of CapitaMall Grand Canyong in Beijing, CMA now has 51 operational malls in China.

Jinniu Phase 2 in Chengdu, with a GFA of 90,600 sqm, will open by end-September.

Here's more from Maybank Kim Eng:

Looking forward, we expect new acquisitions to be focused mainly in its five key clusters, namely Beijing, Shanghai, Chengdu, Chongqing and Wuhan.

We remain sanguine about the Chinese consumer market, where retail sales continue to experience double-digit growth (+13.2% YoY in July).

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