CapitaLand has experienced incredible growth over the years. Starting at $28 billion, it now exceeds $100 billion. Since its establishment in 2000, it has stood as Southeast Asia’s top property firm. This review explores CapitaLand’s key role in property development. It showcases the journey from its start to its current status as a global leader.
Table of contents
- Introduction to CapitaLand
- Company Background and History
- CapitaLand’s Impact on Real Estate
- Commercial Properties by CapitaLand
- Residential Properties by CapitaLand
- Integrated Developments by CapitaLand
- Shopping Malls Developed by CapitaLand
- Sustainable Practices in CapitaLand Projects
- Capitaland’s Future Projects and Vision
After joining forces with DBS Land and Pidemco Land, CapitaLand became a key player in real estate. It’s known for its innovative, integrated developments. These have redefined industry standards. The company’s projects, from high-end homes to renowned commercial spaces, lead in the Singapore market.
CapitaLand’s CEO, Lee Chee Koon, commands a 92% approval on Glassdoor, showing his leadership. Notable projects include One Pearl Bank and acquiring Liang Court. This review highlights CapitaLand’s strong portfolio and its worldwide impact on real estate.
Introduction to CapitaLand
CapitaLand is widely acknowledged as a premier real estate player, known for its inventive property ventures. Established in 2000, it has rapidly expanded its influence. Today, CapitaLand is a major force in the real estate sector in Singapore and around the world.
With a presence in over 40 countries and more than 220 cities, the company boasts a vast global reach. Its growth is exemplified through the success of CapitaLand Investment (CLI), which went public on the SGX-ST on 20 September 2021. CLI holds roughly S$61 billion in Funds under Management (FUM) through various funds in Singapore and Malaysia. Additionally, there’s an S$39 billion managed by over 30 private entities.
CapitaLand manages a substantial S$134 billion in Real Estate Assets Under Management (RE AUM). This is made possible by a team of more than 360 investment and asset management experts globally. Such influence and operational ability solidify CapitaLand’s position as a leading developer in the real estate market.
In 2000, the merger of DBS Land and Pidemco Land formed CapitaLand. Since then, it has flourished into a prominent player in the industry. Its workforce now surpasses 11,500, and it holds properties in numerous nations. The strategic merger propelled CapitaLand, enabling the management of around $18 billion in assets, initiating a path of continuous growth.
Company Background and History
CapitaLand emerged as a dominating force in Southeast Asia’s real estate sector after the merger of DBS Land and Pidemco Land on 28 November 2000. This fusion created a new entity with assets valued at about $18 billion. It positioned the company as a key player in the development of properties.
Founding and Early Years
The strategic merger in 2000 not only boosted CapitaLand’s financial power but also extended its global presence. Initially focusing on Singapore, it swiftly expanded into more than 40 countries. This early diversification set the stage for CapitaLand’s significant growth in the real estate market.
Milestones and Growth
CapitaLand quickly established itself as a major figure in Southeast Asia’s real estate. In 2002, with the listing of CapitaLand Mall Trust, it led the Real Estate Investment Trust (REIT) arena in Singapore. By acquiring Ascendas-Singbridge from Temasek Holdings in 2019, CapitaLand was able to increase its assets and market foothold.
The merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in September 2020 created the CapitaLand Integrated Commercial Trust. This move elevated it to one of the leading REITs in Asia Pacific, boasting assets worth S$22.4 billion. The subsequent rebranding in August 2021 as CapitaLand Investment saw the market capitalization of CLI’s listed funds reaching S$32 billion in June 2023.
CapitaLand’s extensive influence is marked by its portfolio, which spreads across more than 220 cities, encompassing various real estate categories. These include retail, office, lodging, business parks, industrial spaces, logistics, self-storage, and data centers. Such a wide variety not only showcases CapitaLand’s expansive reach but also its agile response to changing dynamics in the industry, solidifying its position as a key player.
| Year | Milestone | Impact |
|---|---|---|
| 2000 | Formation of CapitaLand | Started with $18 billion in assets |
| 2002 | Listing of CapitaLand Mall Trust | Pioneered REITs in Singapore |
| 2019 | Acquisition of Ascendas-Singbridge | Expanded global footprint |
| 2020 | Formation of CapitaLand Integrated Commercial Trust | Became one of Asia Pacific’s largest REITs |
| 2021 | Rebranding as CapitaLand Investment | Strengthened market capitalization to S$32 billion |
CapitaLand’s Impact on Real Estate
CapitaLand stands out in the real estate sector with its extensive portfolio and strategic moves. In the first quarter of 2021, 97% of its shareholders supported the creation of the ONE CapitaLand ecosystem. This strong backing shows investor trust and the company’s ability to evolve with innovation.
The initiation of CapitaLand Investment (CLI) on September 20, 2021, at the Singapore Exchange was a key moment. It aimed to solidify its role as a leading Real Estate Investment Manager in Asia. CLI’s establishment paved the way for securing more investment, which promises significant returns to its backers.
By November 2021, Capitaland had amassed S$1.4 billion through the initiation of seven private funds. Among these was a S$400 million fund for logistics in India, along with others in Japan and South Korea. This move highlights Capitaland’s broad market reach and its support for innovative property projects.
The company also strategically divested assets, reaping over S$2 billion from the sale of stakes in six projects in China. These proceeds helped shift its attention to new opportunities in the economy sector. This transition ensures the company’s continuous progress and durability.
Capitaland’s commitment to sustainable real estate has gained global recognition, with accolades from the Dow Jones Sustainability Index and the Global Real Estate Sustainability Benchmark. Notable achievements like the Design of the Year for Jewel Changi Airport and honors for Funan by the Urban Land Institute showcase its architectural breakthroughs.
Commercial Properties by CapitaLand
CapitaLand is a key player in the Asia real estate scene. Known for its top-notch commercial properties in prime locations, the company leads with its groundbreaking designs. It aims to meet modern business needs through its spaces. With over 11,500 staff, their impact on the commercial real estate market is significant across different areas.
Key Projects and Developments
The company stands out with projects like the Raffles City series and Jewel Changi Airport. These developments mix beauty with practical spaces, setting a new standard. CapitaLand owns properties in over 40 countries, with a market capitalization of S$32 billion for listed funds as of 30 June 2023. In the private funds sector, they manage S$29 billion in assets during that period.
Market Presence in Singapore
In Singapore, CapitaLand shines, owning 20 malls and key sites like ION Orchard and Plaza Singapura. Its commercial arm, CapitaLand Commercial, played a big part in the group’s revenue. For the year ended 31 December 2000, their portfolios brought in S$443 million. Of this, 36% (S$158 million) came from Singaporean office properties. This underlines their focus on strategic urban projects.
Globally, the company has a strong presence in central aspects of Asia, managing 46 malls in China. This includes famous places like CapitaMall Xizhimen in Beijing and CapitaMall Hongkou in Shanghai. These developments highlight CapitaLand’s continued success in the Asian real estate market.
Residential Properties by CapitaLand
CapitaLand is known for its impact on the real estate market, especially in the residential sector. It focuses on luxury condominiums that increase in value over time. This approach has made CapitaLand a leader in the industry.
Feature Projects
CapitaLand stands out with its high quality and innovative residential projects. For example, the Sycamore project in Binh Duong Province, Vietnam, offers 3,500 freehold units. Similarly, Lumi Hanoi features 4,000 units in several towers and has a gross development value topping S$1 billion. These projects showcase CapitaLand’s pursuit of excellence and its ability to develop enduring living spaces.
The Define project in Ho Chi Minh City sold out within two hours of its launch, highlighting its strong appeal. Also, Heritage West Lake in Hanoi witnessed rapid sales above market values, indicating high demand and appreciation. Such response demonstrates the attractiveness of CapitaLand’s residential ventures.
Customer Satisfaction
CapitaLand’s success is evident in customer satisfaction and sales performance. Their luxury condominiums and residential communities are meticulously maintained. Heritage West Lake, for example, sold units at a premium, showing the customers’ faith in CapitaLand. These achievements reflect the developer’s ability to surpass client expectations, driving up property values.
In conclusion, CapitaLand excels in combining innovation with market demands in its residential projects. This strategy ensures that its developments offer not only luxurious homes but also long-term value for residents.
Integrated Developments by CapitaLand
The idea of integrated developments has shifted the way we view urban living, with CapitaLand leading the charge. They have combined residential, commercial, and retail spaces to create unified areas. This meets the need for versatile living spaces in city centers.
The Concept of Integrated Developments
CapitaLand’s method merges different property types in a single area, promoting a balanced lifestyle. It maximizes the use of land and brings daily essentials, work, and fun closer to home. Such planning not only elevates life quality but also supports the growth of sustainable cities.
These blends cater to various needs, enhancing urban living efficiency. With mixed-use developments, CapitaLand makes the most of available space.
Shopping Malls Developed by CapitaLand
CapitaLand’s foray into the shopping mall scene has changed the face of urban retail. Their malls are celebrated for original design and customer-focused facilities. This approach has shot their malls to the top tier of shopping and leisure destinations.
Major Shopping Malls
Key ventures like Ion Orchard and The Jewel have marked urban retail history. These locations stand out with their unique architecture and luxury retailers. They are more than places to shop; they are social and recreational hotspots, attracting a diverse crowd.
| Mall Name | Location | Significant Features |
|---|---|---|
| Ion Orchard | Singapore | Luxurious retail spaces, F&B outlets, and panoramic views. |
| The Jewel | Singapore | Indoor waterfall, garden attractions, and a large shopping area. |
| Funan | Singapore | Tech and lifestyle themes, integrated retail, office, and co-living spaces. |
| Suzhou Center Mall | China | Vast retail area, international brands, and leisure facilities. |
Impact on Retail Landscape
CapitaLand’s retail projects have transformed urban shopping with advanced tech and engaging experiences. Their success boosts consumer interaction and breathes new life into retail. This dynamic has made retail more vibrant and competitive.
Ultimately, CapitaLand’s mall planning and designs surpass simple consumer needs. The model has turned their spaces into bustling, communal triumphs. CapitaLand stands as a pioneer in real estate, shaping the way we see shopping locations.
Sustainable Practices in CapitaLand Projects
CapitaLand is at the forefront of the industry, making sustainability a key part of its business. The company has made significant strides through its green initiatives, earning several environmental awards. CapitaLand’s focus on eco-friendly real estate contributes significantly to environmental conservation.
Environmental Initiatives
CapitaLand’s strategies in sustainability cover a broad range of practices.
- The company aims to achieve Net Zero carbon emissions for scope 1 and 2 by 2050.
- Targets for cutting emissions, set by the Science Based Targets initiative, support a 1.5°C future.
- The CapitaLand Sustainability X Challenge targets low carbon transition, water resilience, waste, and more.
- It follows the CapitaLand Sustainable Building Guidelines closely for all new projects.
- CapitaLand’s 2030 Sustainability Master Plan sets clear goals for environmental, health, and safety.
Recognition and Awards
CapitaLand’s sustainability achievements have gained global praise with prestigious awards:
- Being part of The Sustainability Yearbook and the Global 100 Most Sustainable Corporations.
- Securing places on the Dow Jones Sustainability Indices for the world and Asia Pacific.
- High rankings on the Global Real Estate Sustainability Benchmark and the FTSE4Good Index Series.
As a member of the UN Global Compact, CapitaLand adheres to high ethical standards. Its focus on sustainable supply chains and performance tracking in essential environmental areas is setting a new standard in the industry.
CapitaLand is dedicated to reducing energy use, encouraging the use of renewable energy, and efficient water and waste management. These efforts have garnered significant industry recognition and awards.
Capitaland’s Future Projects and Vision
CapitaLand is at the forefront of the real estate sector, aiming for continued growth and progress through innovation and sustainability. This strategy ensures the company leads in upcoming projects, not just follows. These efforts define the future path for new real estate developments.
Upcoming Developments
The commitment to lead in changing the real estate scene is clear in what’s to come from CapitaLand. Projects like CanningHill Piers and 1 Science Park Drive show a move towards sustainable, modern city plans. CapitaLand aims for advanced design while ensuring these areas foster community well-being.
Official website: https://www.capitaland.com/
