Three Raffles City Malls in China began operating recently with near-full occupancy rates, he adds, while CapitaMall Westage in Wuhan also opened in April with a committed occupancy rate of 93%, all of which Natarajan sys would lift recurring income from the group’s China segment.
SINGAPORE (Aug 4): RHB is remaining “neutral” on CapitaLand with a target price of $3.90, after the real estate group’s 2Q17 results came in line with the research house’s estimates.
In a Friday report, analyst Vijay Natarajan says the group’s recurring income is set for a boost, with the planned opening of eight malls in 2017 as well as expansions via management contracts.
