Latest news with #CapitaLandInvestment
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Business Standard
14-07-2025
- Business
- Business Standard
Singapore-based CapitaLand Group eyes podium finish in data centre race
Earmarks nearly $1 billion to build three new data centres in India over the next three to four years Listen to This Article Singapore-based CapitaLand Group has earmarked nearly $1 billion to build three new data centres in India over the next three to four years, aiming to secure a position among the top three players by 2027–28 (FY28) with a total operational capacity of 500 megawatt (Mw). Surajit Chatterjee, managing director (MD) of data centres at CapitaLand Investment (India), told Business Standard in an exclusive interaction that, including its first 110 Mw centre in Mumbai which is already live, three more facilities will come up, taking its total data centre footprint to 245 Mw. The second centre — a 40 Mw facility
Business Times
04-07-2025
- Business
- Business Times
Singapore shares slip as tariff pause will end soon; STI drops 0.2%
[SINGAPORE] Singapore equities retreated along with some regional indexes on Friday (Jul 4) as Asia's export-driven economies brace for the impact of the upcoming lifting of the pause in implementing the United States' reciprocal tariffs. The Straits Times Index (STI) was 0.2 per cent or 5.95 points lower at 4,013.62 as decliners beat gainers 282 to 192 across the broader market, amid transactions of 1.3 billion securities worth S$1.1 billion. Stephen Innes, managing partner of SPI Asset Management, said Asian markets slipped into Friday 'like someone entering a dark alley with one eye over their shoulder'. He commented that US equities might have 'danced higher on a sweet spotted post-payroll sugar rush', but Asia's export-driven economies are facing the US tariff threat with President Donald Trump saying he will be sending trading partners letters about the tariff rates. 'Asian equities pulled back as traders braced for impact. It's not panic yet – but it's certainly not confidence either. The US jobs print may have given Wall Street a reason to run, but in Asia, the only thing running is the clock – and it's counting down to what could be a fresh volley in Trump's tariff blitz. No one wants to be holding risk when that first letter gets sent.' In Singapore, all but one property players on the STI closed in the red a day after Singapore announced late on Thursday night higher Seller's Stamp Duty (SSD) rates for residential properties, with the levy raised by four percentage points, and the holding period that SSD applies extended to four years. Only CapitaLand Investment was spared the rout, with the real estate investment manager's shares closing unchanged at S$2.71. In contrast, Frasers Centrepoint Trust was the worst performing STI property constituent stock, sliding S$0.05 or 2.2 per cent to S$2.22 despite not being a residential property player. The STI rose 1.2 per cent week on week, closing above 4,000 points since Wednesday.
BusinessToday
04-07-2025
- Business
- BusinessToday
STI Slips At Open As Market Mood Turns Subdued
Singapore stocks opened lower, with the Straits Times Index (STI) down 6.29 points or 0.16% to 4,013.28 as at 9.20am, weighed by cautious investor sentiment and more decliners than gainers across the board. Market breadth showed 114 decliners outpacing 71 advancers, with a total trading volume of 124.98 million securities valued at S$159.27 million. Among blue-chip counters, DBS rose 0.17 points to S$45.12, while UOB remained steady at S$36.05. CapitaLand Investment edged up to S$2.69, but ComfortDelGro traded flat at S$1.44. Other active counters included City Developments at S$5.34 and YZJ Financial Holdings at S$0.865. Sector indices were mixed in early trade. The iEdge SG ESG Leaders Index stood at 1,097.81, while the iEdge S-REIT Leaders Index recorded 1,050.07. The FTSE ST Consumer Goods & Services Index opened at 222.05. Investors are expected to tread cautiously amid ongoing global uncertainties, while awaiting key economic data and developments in the regional and US markets. Related
Business Times
09-06-2025
- Business
- Business Times
Daily Debrief: What Happened Today (Jun 9)
Stories you might have missed Will deglobalisation and business uncertainty hurt buying power in Good Class Bungalow properties? [SINGAPORE] Owning a detached home in a Good Class Bungalow (GCB) Area is arguably the ultimate status symbol for the super rich in land-scarce Singapore. CapitaLand Investment expands fund with Japan asset acquisition at 30 billion yen [SINGAPORE] CapitaLand Investment (CLI) on Monday (Jun 9) announced that it secured additional capital commitments from new and existing institutional investors for its value-add lodging private fund, CapitaLand Ascott Residence Asia Fund II (Clara II). CDL's high debt and interest costs continue to weigh on stock despite South Beach sale BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up [SINGAPORE] News of City Developments Ltd's (CDL) sale of its 50.1 per cent majority stake in the South Beach mixed project put some bounce in the property developer's share price last week, but analysts were less sanguine, due to the company's high debt and interest costs. Income Insurance chairman Ronald Ong to retire from role after seven years at helm [SINGAPORE] Income Insurance chairman Ronald Ong, 69, will retire from his role after seven years at the helm, the company announced on Monday (Jun 9). MoneyHero expands into digital assets in partnership with OSL [SINGAPORE] MoneyHero, a leading personal finance aggregation and comparison platform across Greater South-east Asia on Monday (Jun 9) announced a strategic collaboration with digital asset platform OSL Group. Singapore stocks close Monday higher ahead of US-China talks; STI up 0.1% [SINGAPORE] Local stocks rose on Monday (Jun 9), in line with gains in Asian markets on hopes that a fresh round of US-China trade talks will ease tensions. Investors also digested the latest China inflation and trade data.
Business Times
09-06-2025
- Business
- Business Times
CapitaLand Investment expands fund with Japan asset acquisition at 30 billion yen
[SINGAPORE] CapitaLand Investment (CLI) on Monday (Jun 9) announced that it secured additional capital commitments from new and existing institutional investors for its value-add lodging private fund, CapitaLand Ascott Residence Asia Fund II (Clara II). The latest fundraising includes the acquisition of a prime mixed-use asset in Tokyo at more than 30 billion yen (S$267.2 million). This is Clara II's third asset, and its second in Japan. As a result, CLI's funds under management will increase by around S$470 million, as it holds about 20 per cent stake in the fund. 'This reflects the continued strong investor interest in the fund's strategy to reposition under-utilised assets into high-performing living assets in key Asia-Pacific gateway cities,' the company said. Japan is one of Asia's most developed and liquid real estate markets, supported by deep capital pools, said Mak Hoe Kit, CLI managing director of lodging private equity funds. 'Leveraging local enterprise, we secured this off-market opportunity at an attractive entry price,' he added. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Mak also noted that through their first lodging private fund, they achieved strong performance in Japan with the divestments of two assets at premiums above target returns. Japan's strong tourism rebound further supports the fund's investment strategy. In Tokyo, revenue per available room (RevPar) in 2024 was 43 per cent higher than pre-pandemic levels in 2019, with growth continuing into 2025. Meanwhile, the number of foreign visitors to Japan also surged, rising 28.5 per cent on year to a record 3.9 million in April. The prime mixed-used asset The newly acquired asset is located in Shinjuku, one of Tokyo's most popular districts for shopping, entertainment and business. As part of Clara II's value-add strategy, the property – currently comprising hotel, residential, and ancillary office and retail components – will be upgraded and repositioned into a 179-unit serviced residence managed by Ascott, CLI's lodging business arm. It will be rebranded as Citadines Shinjuku Tower Tokyo and launched in phases from the second half of 2026. The 22-storey building will feature a mix of studio suites and one to three-bedroom apartments, for both short and long-stay guests. It aims to cater to corporate guests on extended stay from nearby offices, as well as domestic and international travellers. In Japan, CLI has a diversified portfolio of more than 70 lodging, office, logistics and self-storage properties across nine cities including Tokyo, Osaka and Nagoya. Shares of CLI closed 0.8 per cent or S$0.02 higher at S$2.56 on Friday.
