CapitaLand's profit dropped 89% to $96.61m in H1 | / Property news / CapitaLand's profit dropped 89% to $96.61m in H1

CapitaLand's profit dropped 89% to $96.61m in H1

Fresh property news selection on August 07. 2020, Friday.

Today's news selection contains the latest real estate related stories. Do you own a real estate/property/finance blog or news site? Send the URL to so our editors can use them as sources.

The group suffered from lower contributions from its malls and residential projects.

CapitaLand Limited saw its profit sink 89% YoY to $96.61m in H1 from $875.37m in H1 2019, an SGX filing revealed. Operating profit also crashed 27.7% YoY to $261.2m.

Revenue dipped 4.9% YoY to $2.03m, no thanks to rental rebates of approximately $158.6m granted to tenants in Singapore, China and Malaysia, and lower contributions from shopping malls and residential projects in Singapore and China and the group’s lodging business.

The decline was partially mitigated by higher handover of residential units in Vietnam and new contributions from the AscendasSingbridge portfolio.

Read the full article here »

Freshest Property News from Singapore

Interesting Stories Related Singapore

Interior Tips Based On Your Zodiac Sign

Timeless Home Designing Tips

Previous news selection

HDB resale prices up 1.5% in July

Guest blogging

Are you an aspiring writer and especially interested in real estate? Become a Guest Blogger here, on Choose a topic which suits your field of expertise and our profile as well, then create your blog post and send it to our email address For more information, visit our Guest Blogging Subpage.

About Daily Property News Selection's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.


If you also want to share an amazing article that you come across and it fits in the real estate / economy topics, just let it us know in e-mail. We don't guarantee to publish all, but we will some of them for sure. If you want us to bring out your own article, please contact us at Some references would also be highly welcome to send us from among your previous publications.


Are you looking for some online distribution channels? You find one. Haven't you found a place for your traditional means of advertisement, like PR article or display banner? You've never been so close, just e-mail us at and our colleague will get in touch with you.