CapitaLand Investment Ltd., a prominent property investment manager in Asia, has cautioned about potential losses as it deals with the ongoing real estate crisis in China.
The Singapore-based company has announced its plan to significantly decrease its exposure to the Chinese market, aiming for a target of 10-20% of its anticipated S$200 billion ($149 billion) in funds under management by 2028.
During an investor day presentation, CapitaLand outlined its strategy to address the challenges posed by the world's second-largest economy.
This move reflects a broader trend among property investors reevaluating their positions in China due to ongoing market volatility.