CapitaLand Investment plans to reduce its Chinese property exposure from 27% to 10-20% amid market struggles.

CapitaLand Investment, a major Asian real estate firm, plans to cut its exposure in China's struggling property market from 27% to 10-20% of its expected S$200 billion in funds under management by 2028. The company aims to divest about S$3.5 billion in Chinese assets over three years and warned of potential losses from divestments. CapitaLand hopes to boost operating earnings to over S$1 billion by 2028-2030.

November 22, 2024
4 Articles

Further Reading