CapitaLand, the largest real estate company in Southeast Asia, has donated 735,000 singapore dollars (578,740 U.S. dollars) to set up a special charities fund for underprivileged children in China, the company announced on Friday.

The project will be part of a partnership between the China Foundation for Poverty Alleviation and the company's philanthropic arm CapitaLand Hope Foundation (China).

The donation will serve as the initial capital for the fund to help underprivileged children up to 16 years old with a spectrum of needs across education, shelter and healthcare.

It is one of the first special charities fund for children established by a foreign real estate company in China.

The programs supported by the fund in the first year include school adoption, care for community, therapy for children, art scheme for kids as well as a project aimed to provide children with their first school bags.

Tan Seng Chai, chief corporate officer of the group and executive director of CapitaLand Hope Foundation, said CapitaLand Hope Foundation has donated more than 20 million Singapore dollars (15.7 million U.S. dollars) since it was established in 2005 to support programs for the education, shelter and healthcare needs of underprivileged children in Asia.

CapitaLand is headquartered and listed in Singapore. Its total assets hit 36.1 billion Singapore dollars (28.4 billion U.S. dollars) as of the end of June this year, with about 40 percent in China and 34 percent in Singapore, respectively. Endi

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