Singapore's CapitaLand sees China valuation nearing bottom

Asset manager's net income surges 165% on higher divestment gains

CapitaLand aims to reduce China's share to 15% to 20% of its targeted SG$200 billion in funds by 2028. © Reuters

TSUBASA SURUGA

February 27, 2025 18:24 JST

SINGAPORE -- CapitaLand Investment is expecting relief from further significant valuation losses on its China properties as market conditions show signs of improvement, while continuing to diversify its portfolio in the region.

During an earnings briefing on Thursday, Chief Financial Officer Paul Tham said the company believes valuations in China may be "near bottom." While some fluctuations are expected, he noted, "we are not necessarily expecting a lot more losses from there."