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CapitaLand gets a 'buy' on active capital recycling and portfolio rebalancing

By PC Lee

/ The Edge Singapore |

August 24, 2018 10:43 AM SGT

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SINGAPORE (Aug 23): CapitaLand’s recent acquisitions in Singapore and China show continued efforts to recycle capital and rebalance its portfolio mix, say analysts.

Recently, CapitaLand acquired a Sengkang Central mixed-use site in partnership with City Developments with a winning bid of $777.8 million or $923.6 psf ppr.

CapitaLand-CDL JV secures prime site in Sengkang Central for $777.8 mil. The revised additional buyer’s stamp duty (ABSD) charges will not apply for this project as the tender closed on June 21 before the latest cooling measures.

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