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CapitaLand's Q4 profit surges on strong operating income

Thursday, February 16, 2017 - 05:50

BT_20170216_LKCAPITALAND16_2745095.jpg
An artist's impression of Raffles City Chongqing project. Last year was a good year for CapitaLand's residential sales and shopping malls in China.

Singapore

PROPERTY developer CapitaLand ended 2016 on a strong note with a 73.8 per cent surge in net profit to S$430.5 million for the fourth quarter ended Dec 31.

The growth was led by more handover of residential units in China and shopping malls in China, higher fair value

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