Singapore's CapitaLand sees China valuation nearing bottom

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

COPIED* 20240224 capitaland

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

TSUBASA SURUGA

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.

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