CapitaLand, one of Singapore’s largest property developers, has recently reported a profit that fell short of expectations, revealing ongoing challenges in the Chinese market. The company announced its financial results on February 26, 2025, showcasing a profit rise to S$837 million (approximately $615 million) for the fiscal year, outpacing last year’s S$711 million. However, the increase was less than the projected S$1.02 billion and reflects CapitaLand’s struggles with declining property values in China, where the company has significant investments. CEO Lee Chee Koon stated, “While we see early signs of recovery, we must navigate a market that is still finding its footing, particularly in key cities like Beijing and Shanghai.” CapitaLand’s valuation in China is reportedly inching closer to the bottom, according to market analysts, suggesting potential for long-term recovery. As the company looks to stabilize its operations, investor sentiment remains cautious, evident in the performance of their shares, which saw a 0.4% decline recently. This situation underscores the broader pressures within the property market amidst an ongoing economic adjustment phase in China that has seen significant fluctuations over the past few years.
