To take a step back, in 2021, CapitaLand Group changed its listed entity to a REIM, privatising the development part of the business, which is now CapitaLand Development (CLD). CLI has two major income sources — fee-income-related businesses (FRB) and real estate investment businesses (REIB).
After being very obliging, allowing The Edge Singapore to photograph him for half an hour, Chris Chong, CEO of retail and workspaces at CapitaLand Investment (CLI), explains his role at the sprawling real estate investment manager (REIM).
“I’m currently taking care of all the asset management as well as the property management (now commercial management) across Singapore and Malaysia, with Singapore being our home market and core market,” Chong says. Both asset management and property management are key components of CLI’s revenue base.
