SINGAPORE (Sept 16): The property sector, together with finance, logistics and manufacturing, is the pillar of any modern economy. Scale is critical to success, and those with the financial muscle can steadily lever up to become even bigger.
Thirteen companies qualified for the property sector of the Billion Dollar Club, each with a market value above the billion-dollar treshold. The only industry sector with a higher number of qualifying companies was real estate investment trusts — with a total of 24 qualifying companies.
This year’s overall property sector winner is Yanlord Land Group, headed by executive chairman Zhong Sheng Jian. With its overall score of 55.53 points, Yanlord edged ahead of CapitaLand, Southeast Asia’s largest real estate company, which scored 54.04 points. Yanlord ranked top in the three-year profit growth category as well.