Property group CapitaLand is raising capital by tapping into the US dollar bond market for the first time. The company said its subsidiary CapitaLand Treasury has successfully priced US$400 million fixed rate notes due 2022 at a coupon of 4.076 per cent on Friday. The fixed notes are part of the S$5 billion Euro Medium Term Note Programme (EMTN Programme) established on August 3. CapitaLand said in a...
Capitaland
CapitaLand said Tuesday that the group will relocate to Westgate Tower in Jurong progressively from early 2015. The group will occupy about 160,000 square feet across 11 floors of the new 20-storey prime office tower. It will also maintain a city office at Capital Tower as a flexible workspace to liaise with clients or business partners, it said. The group, which includes CapitaMalls Asia, CapitaMall...
Property heavyweight CapitaLand saw its net profit slipped 3.3 per cent on-year in the second quarter to S$385.9 million on the back of higher finance costs and lower fair-value gains. This, even though CapitaLand sold more homes both in Singapore and China during the quarter. Revenue grew 16.5 per cent on-quarter to S$862.4m. The company said it sold 41 units of D'leedon, 125 units of Sky Habitat and 27...
CapitaLand said it will buy an Orchard area property from its associate, Ascott REIT, for S$359 million. It will redevelop the property, Somerset Grand Cairnhill, into an integrated development comprising serviced residences (with hotel licence) and high-end residential properties. CapitaLand is expected to sell the redeveloped serviced residences (with hotel licence) back to Ascott REIT for S$405...
CapitaLand President and Chief Executive Officer Liew Mun Leong will retire in a year's time when he turns 67, South-east Asia's biggest listed developer said yesterday. Mr Liew became chief executive of CapitaLand in 2000 after the company was created through the merger of Government-owned Pidemco Land and DBS Land. CapitaLand said a board succession committee would review the internal and external...
Even as property markets have cooled in China, Singapore property developer CapitaLand is forging ahead with its big ambitions there. Speaking on the sidelines of a talk organised by the NUS Business School on Thursday, CapitaLand's president and CEO, Liew Mun Leong, said China remains under-urbanised, and there are lots of opportunities to expand its residential and shopping malls there. China's booming...
Property group CapitaLand said its chairman and non-executive director Dr Hu Tsu Tau is retiring from his posts on April 30. Mr Ng Kee Choe, an independent and non-executive director of the company, will succeed Dr Hu as chairman of the board and its investment committee. He is currently a member of CapitaLand's Executive Resource and Compensation Committee, Investment Committee, Nominating Committee,...
The latest property cooling measures may hold back buyers for another five to six months. This is the view of CapitaLand's President and CEO Liew Mun Leong after reporting the company's net profit, which shrank by 26 percent. In Singapore, the property giant raked in a whopping S$1.35 billion in total sales last year. This is for the sale of 844 units of private homes - slightly more than the previous...
CapitaLand, Southeast Asia's largest property developer by market capitalisation, posted a net profit of S$476.6 million for its fourth quarter, down 20 percent from a restated S$596 million in the previous year. The developer said the decrease was mainly due to lower development profits and portfolio gains. For the full year, CapitaLand booked a net profit of S$1.06 billion, down by about 26 per cent...
Property giant CapitaLand Group has reshuffled its senior management with a string of key appointments. Lim Ming Yang, the chief executive officer (CEO) of The Ascott, CapitaLand's serviced residence business, will relinquish his role to focus on his position as the group's chief operating officer. He will oversee major group-wide strategic projects and continue to build on the group's businesses in...