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.
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.
