Local developer heads for global ranks, more deals in store for sector

By Goola Warden
/ The Edge Singapore |
Join our  Telegram  channel and follow our  Facebook  for the latest update.
SINGAPORE (EDGEPROP) - The local property market — which was subjected to cooling measures and experienced oversupply in the past decade — may be small, but in the 2020s, a home-grown developer will rank among global real estate companies such as Brookfield Asset Management, Unibail-Rodamco-Westfield (a merger formed with the former Westfield Corp) and Lendlease Group.
Lee Chee Koon, CEO of CapitaLand, told investors and analysts during the group’s Investor Day on Nov 29: “Our ambition is to become a global company. In five to eight years’ time, we hope CapitaLand is one of the top three to five names that come to mind when investors talk about a global company.” If the developer realises this ambition, it will be the first Asian company to break into global ranks.
The path to globalisation for CapitaLand took a serious turn on Jan 14 when CapitaLand announced a merger with Ascendas- Singbridge (ASB).
This article - Local developer heads for global ranks, more deals in store for sector is originally from TheEdgeSingapore.com
Read also:

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More