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

PC Lee
PC Lee8/23/2018 12:38 PM GMT+08  • 3 min read
CapitaLand gets a 'buy' on active capital recycling and portfolio rebalancing
SINGAPORE (Aug 23): CapitaLand’s recent acquisitions in Singapore and China show continued efforts to recycle capital and rebalance its portfolio mix, say analysts.
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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

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