CapitaLand unveils pipeline of 34,000 units across China

9 Jan 2013 - Singapore Business Review
Things are really getting better. According to Maybank Kim Eng, it likes CapitaLand’s diversified model, which gives it exposure to various markets and across asset classes. For 2013, the firm expects the retail mall business to continue to drive growth, while the China residential business also looks ...
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CapitaLand to conduct "strategic review" of Australand investment

4 Jan 2013 - Singapore Business Review
Other UK, India investments will also be reviewed. In a short clarification to a Bloomberg report "CapitaLand to Exit U.K., India Projects, Reassess Australand" dated 3 January 2013 submitted to the Singapore Exchange, CapitaLand said "it will conduct a strategic review of its investment in Australand ...
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Here's what CapitaLand's new organisation structure portends

4 Jan 2013 - Singapore Business Review
The group could exit its non-core businesses. According to Nomura, on 3 January, the new President and Group CEO of CAPL, Mr. Lim Ming Yan, announced some changes to the group’s organisation structure, which take immediate effect. The original eight business units will now be reorganised into four: ? ...
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Check out CapitaLand's revamped organisation structure effective immediately

3 Jan 2013 - Singapore Business Review
It's not just about having a new CEO. According to a release, in October 2012, CapitaLand announced the appointment of Lim Ming Yan as President & Group Chief Executive Officer (CEO) with effect from 1 January 2013. Ming Yan has taken over the leadership baton from Liew Mun Leong who has since relinquished ...
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Here's what to expect from CapitaLand's management reshuffling

3 Jan 2013 - Singapore Business Review
De-emphasis of the Australia business tagged a right move. New CEO, Lim Ming Yan has announced a new organisational structure, simplifying it into four businesses instead of the current eight, and reshuffling of key management. All in, Barclays believes that there are no structural changes – still focusing ...
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Finally, CapitaLand sees silver lining in China property market

20 Dec 2012 - Singapore Business Review
Sales ballooned 329% in 2Q12. According to OCBC, as at end-3Q12, an estimated 38% of CapitaLand’s (CAPL) total assets were exposed to China and we believe that the significant slowdown in the Chinese residential sector, in terms of price appreciation and volume, constituted considerable headwinds on ...
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CapitaLand ends speculation about Australian property unit

18 Dec 2012 - Singapore Business Review
Is Australand merging with Mirvac? In today's press release, Australand notes the media speculation in today’s Australian Financial Review that Mirvac is considering a merger proposal with Australand. Australand advises that it is not in receipt of any such proposal.
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CapitaLand's Australand rejects unsolicited acquisition proposal from GPT Group

14 Dec 2012 - Singapore Business Review
Proposal dismissed for lack of "compelling value proposition". Australand, a subsidiary of CapitaLand, announced on 10 December 2012 that it received an unsolicited, indicative, non-binding proposal from The GPT Group to acquire Australand’s Investment Property Portfolio and its Commercial and Industrial ...
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Brace yourselves for a 14.8% discount on CapitaLand's home projects

10 Dec 2012 - Singapore Business Review
Markdown is fair enough. According to Nomura, its estimates suggest that, based on the current market value of CAPL’s 65.5% stake in CMA, the market is pricing in a 14.8% discount to our estimated value of CAPL’s residential projects in Singapore. Here's more from Nomura: The discount appears fair, ...
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CapitaLand outbids UOL, SingLand for Bishan St 14 site

30 Nov 2012 - Singapore Business Review
The $505.1m bid beat 9 other bidders. According to Nomura, post market close on 29 Nov 2012, the land tender for a 99-yr LH site (GFA 592,189sqft, c.645 units) along Bishan St 14 closed with a total of 9 bidders, whose bids had ranged from S$368-505mn. Here's more from Nomura: CapitaLand’s bid of $505.1mn ...
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