How're CapitaLand's China funds doing recently?

Andrewwang38 SG

The real estate in PRC has been booming recently and I bought quite some CapitaLand's Unit Trust. Wondering if the performance over there will boost the price.

Jasonpung SG

I know some of those fund are doing pretty well e.g office and mix development funds. I used to work in Pan-Asia Investments Group (sold to Seacare already). Pan-Asia sold the fund and some projects to CapitaLand and the last time I heard about it, they seemed to run profitably.

Andrewwang38 SG

I googled the "Pan-Asia Investments Group" and found in Wiki something like

"Pan-Asia Investments Group Holding Inc Pan-Asia Investments Group Holding Inc is a limited liability company established in Singapore by Mr Ye Guo Lin in 1998. The company has launched 3 Pan-Asia real estate PE Funds , raising US$ 3 billion from institutional investors such as GIC , CapitaLand, Seacare Cooperative etc. The funds covered geographic areas such as China and South East Asia. Some major projects completed are the SM City projects in Xiamen, Parkson Office deal in Shanghai ,Qinghuangdao Victoria Bay, Sunshine Garden in Philippines etc. The holding entity as well as funds were later on acquired by Seacare and resold to CapitaLand's Raffles City and China Development Fund in 2006.

Compiled and Edited May 20, 2006"

Is this the one you were talking about?

Jasonpung SG

Yeah. The company was sold in M&A. Its operation in Philippines remains. I guess. Not quite relevant to the topic here.

Jennylau71 SG

CapitaLand is doing pretty well in PRC and it starts by having JV with local developers and once it acquires the local knowledges and operational model, it goes alone and reap remarkable profits from development , management to exit. Great company to invest , I shoudl say.

Andrewwang38 SG

That is a very smart move to expand in a foreign land. I think we have the best real estate developers and fund managers in Singapore.