Shake-up of China's property sector could deliver opportunities for CapitaLand
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THE ongoing shake-up in China's real estate sector levels the playing field and could throw up interesting opportunities for foreign property players such as CapitaLand, said group chief executive of 9CI Lee Chee Koon.
On Monday, CLI made its trading debut on the Singapore Exchange as one of the world's largest listed real estate investment managers (REIMs) after property giant CapitaLand carved up its business into two separate entities - namely, CLI and privatised property development arm, CapitaLand Development (CLD).
As a listed global REIM, CLI has about S$119 billion of real estate assets under management (AUM) as at June 30. Meanwhile, CLI's real estate funds under management (FUM) stood at about S$83 billion, held across six listed real estate investment trusts (Reits) and business trusts, and over 20 private funds.
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