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CapitaLand Investment sets sights on single flagship C-Reit to drive scale

In the longer term, it hopes to combine CapitaLand Commercial C-Reit with a second China Reit slated to list this year

Chong Xin Wei
Published Tue, Apr 28, 2026 · 04:13 PM
    • For FY2025, CLI’s earnings were at S$145 million, down 70% from S$479 million in FY2024, due mainly to lower portfolio gains and higher revaluation losses on the group’s China portfolio.
    • For FY2025, CLI’s earnings were at S$145 million, down 70% from S$479 million in FY2024, due mainly to lower portfolio gains and higher revaluation losses on the group’s China portfolio. PHOTO: BT FILE

    [SINGAPORE] CapitaLand Investment (CLI) aims to eventually combine its two China real estate investment trusts, or C-Reits, into a single flagship vehicle as it builds scale.

    The global asset manager listed its first internationally sponsored retail C-Reit, CapitaLand Commercial C-Reit, in September 2025, seeded by CapitaMall SKY+ and CapitaMall Yuhuating.

    It plans to list a second commercial C-Reit in the second or third quarter of 2026, said Puah Tze Shyang, chief executive officer of CLI China, at the group’s annual general meeting (AGM) on Tuesday (Apr 28).