Since my investment into the above on 21 Sep 2012, PCRT announced on 2 Oct that it is diversifying into Beijing. This project will be invested together with some reputable local businessmen from Singapore but will only be ready in 2016 and PCRT will have the right of first refusal over the retail space.

Personally i think it is a good diversification for its current portfolio. The report by DBS is here.
Happy SRSing