China Remains a ‘Bright Spark,’ says Major Real Estate Developer CapitaLand

There are “very encouraging” signs across the real estate market in China, major Asian developer CapitaLand said last week.

“China remains a bright spark,” Andrew Lim, group chief financial officer of CapitaLand Group, told CNBC’s “Squawk Box Asia” on Friday.

His comments were made following the company’s announcement that profits for the first half of 2020 fell 89% to 96.6 million Singapore dollars ($70.5 million), from 875.4 million Singapore dollars a year ago. Read more…..


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