Real Estate

CapitaLand Investment says investments slowing amid economic red flags


Real estate investors are now being “careful and prudent” about deploying capital in the face of growing economic uncertainty around the world, said leading Singaporean property investment manager CapitaLand Investment. 

Its half-year financial results on Thursday revealed that CapitaLand Investment’s profit fell 38% to $433 million Singaporean dollars ($316 million) for the first half of the year owing to a lower pace of “capital recycling” this year, which the firm had adopted as a cautionary stance against a troubled global economy.

“We’re being very careful, patient and prudent, as I think many of our peers … are,” the company’s chief financial officer Andrew Lim told “Squawk Box…


0 0 votes
Article Rating

Huawei’s second quarter revenue rises slightly from a year ago

Previous article

Nvidia warns on second-quarter revenue, shares dip

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Real Estate