CapitaLand says that its 1QFY2021 ended March shows ‘continued recovery’ for its portfolio, though at a varied pace across its different markets.

CapitaLand’s assets under management stood at $137.7 billion as at March 31, according to the quarterly business update dated May 12. The group did not provide details on key financials such as revenue and earnings.

The group reported a “significant rebound” in residential performance, with sales value in Singapore and China growing more than four times to $138 million and RMB4 billion ($828 million) respectively compared to the year before on the back of higher units sold. Sales value for Vietnam remained negative, though at a smaller of amount of $1.6 million compared to $16 million the year before.

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