Local developer heads for global ranks, greater offers in store for sector

The local property market — that was exposed to heating measures and seasoned oversupply from the past decade — may be small, however at the 2020s, a home-grown programmer will rank among global real estate companies such as Brookfield Asset Management, Unibail-Rodamco-Westfield (a merger made together with the prior Westfield Corp) and Lendlease Group.

For official details project details, floor plans, showflat appointment to be obtained at Peak Residence condominium.

Lee Chee Koon, CEO of CapitaLand, informed investors and analysts throughout the team’s Investor Day Nov 29:”Our ambition is to be a global company. In five to eight years’ timewe expect CapitaLand is one of the best three to five names that come to mind when investors talk about a global company.” In the event the developer realises this ambition, it’ll be the first Asian company to break into global ranks.

The path to globalisation to get CapitaLand took a severe turn on Jan 14 when CapitaLand announced a merger with Ascendas- Singbridge (ASB).