CapitaLand Investment reverses year-ago loss to post H2 profit of S$647m

EVEN as it maintains global ambitions, CapitaLand Investment Limited (CLI) 9CI will largely focus on Asia over the next 5 years owing to the opportunities here as well as the group's track record and capabilities in the region.

Speaking at an earnings briefing on Friday morning, group chief executive Lee Chee Koon said that it is already starting to see "more interesting opportunities emerging in China". "The playing field has become a lot more level," he went on to say, referring to the ability to gain access to projects, especially as some local players may not have the kind of access to financing that they have had in the past. "(This) presents interesting opportunities for a company like CLI to create products, raise funds."

Chinese policymakers have implemented new financing rules known as the "three red lines" for real estate firms that assesses refinancing against certain thresholds to curb debt among Chinese developers.