SINGAPORE: The move by Singapore’s largest real estate company to split its business into a new, publicly traded investment manager and a privately owned developer may pave the way for local rivals to do the same.
Thinning profit margins from property development in the face of rising construction and land costs could spur others to focus on fund management, analysts said after CapitaLand Ltd unveiled the plans this week.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!