CapitaLand Warns of China Losses as Singapore Property Investor Cuts Exposure
- Firm plans to reduce China parts to 10-20% of fund exposure
- CapitaLand seeks to manage S$200 billion in funds by 2028
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CapitaLand Investment Ltd., one of Asia’s largest property investment managers, warned of potential losses as it seeks to extricate itself from China’s real estate crisis.
The Singapore-based firm wants to reduce its exposure in the world’s second-largest economy to 10-20% of its expected S$200 billion ($149 billion) in funds under management by 2028, it said in an investor day presentation Friday.