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Published Wed, Sep 19, 2018 · 09:50 PM

CapitaLand | Buy Target price: S$3.62 Sept 19 close: S$3.37 DBS Group Research, Sept 19

CapitaLand announced the acquisition of 16 freehold multi-family properties in the US for US$835 million. The target portfolio consists of 3,787 apartment units.

Positive market dynamics driven by stronger business activities and employment growth opportunities in the submarkets underpin demand for offices and multi-family homes.

CapitaLandsembcorp industries

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