One bright spot in an otherwise dreary results reporting season for CapitaLand was its fund management business. Fee income from its REITs and private funds rose 44% y-o-y to $146.4 million in 1HFY2020 ended June. To put that in context, CapitaLand’s total fee income in 1HFY2020 was $307 million, up 11.6% y-o-y.

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