Physical property is a popular asset class for investors as it involves real, tangible assets.
The group’s diverse portfolio comprises residences, offices, hotels, retail malls, and integrated developments with total assets of S$23.9 billion as of 31 December 2021.Revenue jumped 24.5% year on year to S$2.6 billion and the group turned in a net profit of S$97.7 million, reversing a S$1.9 billion loss a year ago.
Ho Bee reported a 61.2% year on year surge in revenue for FY2021 to S$347.7 million while operating profit soared 78.3% year on year to S$281.8 million. Development profit was boosted by contributions from properties in Sentosa Cove, while the share of profits from jointly-controlled entities and associates jumped from S$55.4 million to S$115.5 million.Last October, the group acquired three residential development sites in Australia for A$115 million.CapitaLand Investment Limited
CLI is seeing broad-based recovery across its portfolio, resulting in S$233 million of unrealised fair value gains booked in FY2021.