CapitaLand is Singapore's top real estate developer for 2nd consecutive year in Euromoney Survey
CapitaLand is Singapore’s top real estate developer for second consecutive year in Euromoney Real Estate Survey
CapitaLand is also best developer for retail and mixed sectors, and top real estate investment manager in Singapore
Singapore, 5 September 2018 - CapitaLand was recognised as the best real estate developer in Singapore for the second consecutive year in the Euromoney Real Estate Survey 2018, a ranking by leading firms involved in the real estate sector worldwide. In its 14th year, the Euromoney Real Estate Survey 2018 remains the only global survey of real estate professionals undertaken covering six continents.
Clinching four awards in total, CapitaLand was also voted Singapore’s top real estate developer in the retail and mixed sector categories. In addition, CapitaLand came in first place as the top real estate investment manager in Singapore. The Group was ranked first in these categories for the second year running. CapitaLand has been recognised by Euromoney’s annual Real Estate Survey for over a decade.
Mr Andrew Lim, Group Chief Financial Officer of CapitaLand Group, said: “Being voted Singapore’s best real estate developer and investment manager by our peers is a strong testament of CapitaLand’s market leadership. As one of Asia’s largest diversified real estate companies we offer a unique value proposition as a real estate developer, investor, owner and operator.”
“CapitaLand currently manages a global portfolio worth over S$93 billion, and is on track to achieving S$100 billion in assets under management by 2020. The Group’s focus remains on developing and managing our trading and investment properties, underpinned by best-in-class operating and technology platforms to sustainably deliver value for our stakeholders in the long term,” he added.
Mr Marcus Langston, Euromoney's Senior Manager – Asia and Global Head of Real Estate markets, explained that the “continuing prominence of Asia in global and regional real estate markets has created new growth opportunities for Asian developers. CapitaLand has created a respected, well-recognised regional brand and is increasingly viewed by a global investor pool to be one of Singapore’s leading private enterprises. CapitaLand is widely recognised as one of the most dynamic, successful, well-capitalised companies in Singapore, well-positioned for further international expansion and comparable to the best regional and global Real Estate developer peers.”
The annual global ranking is based on the opinions of leading companies including the advisors, developers, investment managers, banks, and corporate end-users of real estate. Respondents were asked to identify the best providers of real estate products and services in their market over the past 12 months. This year, the survey received a total of 2,425 valid votes covering 8 regions, 41 countries and 19 business sectors as well as the overall Global awards. The survey is filled in at country level by senior executives and the survey results are based on peer nominations and voter participation scores.
For almost 50 years Euromoney has been globally recognised as the prime magazine of the wholesale financial world, its institutions and its users. Real Estate remains a key interest asset class of this audience and Euromoney’s annual survey allows the industry to benchmark themselves against peers in markets across the world.