for $560 mil
CapitaLand Investment Limited (CLI) Group CEO Lee Chee Koon has been honoured with the prestigious ‘Industry Figure of the Year’ award for Asia Pacific at the 2024 PERE Global Awards. CLI, a leading real estate investment company, also received the runner-up award for ‘Firm of the Year’ in Asia Pacific. These awards, presented by PERE, a renowned London-based publication covering private equity real estate markets, recognise influential firms, individuals, and standout deals from the past year.
The winners of the 2024 PERE awards were selected by a panel of PERE journalists, in a departure from previous editions where readers voted on shortlisted submissions to determine the winners.
The decision to invest in a condominium in Singapore has gained immense popularity among both local and international investors. This is largely due to the country’s strong economy, political stability, and exceptional quality of life. With a plethora of opportunities in Singapore’s real estate market, condos are a top choice for their convenience, range of amenities, and potential for profitable returns. This article will delve into the advantages, factors to consider, and necessary measures to take when investing in a condo in Singapore, with a focus on Singapore Projects.
In its press release on March 4, CLI stated that CEO Lee was chosen for his instrumental role in driving CLI’s transformational growth and his significant impact on the private real estate industry in the Asia Pacific region. Since taking over as CapitaLand’s group CEO in September 2018, Lee has led key moves, such as the acquisition of Ascendas-Singbridge in 2019 and the 2021 restructuring of CapitaLand Group. This restructuring involved the listing of CLI and the privatisation of its real estate development arm, CapitaLand Development.
In 2024, CLI invested in real estate investment manager SC Capital Partners Group and acquired Wingate Group Holdings’ property and corporate credit investment management business. According to the company, it is on track to manage $200 billion in funds by 2028. These initiatives have contributed to CLI’s strong growth and success in the Asia Pacific region.