KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
CapitaLand Investment Ltd has secured approval from Chinese regulators to launch a public real estate investment trust (REIT) — making it the first foreign investor to tap into China’s fast-growing REIT market.
Key Details of the Listing
Approved by the China Securities Regulatory Commission (CSRC) for registration on the Shanghai Stock Exchange.
Will raise about 2.1 billion yuan (US$294 million / RM1.24 billion).
Backed by two malls:
CapitaMall SKY+ (Guangzhou) — jointly owned by CapitaLand Investment and CapitaLand’s private development arm.
CapitaMall Yuhuating (Changsha) — owned by a Singapore-listed, China-focused REIT supported by CapitaLand Investment.
CapitaLand, together with its affiliates, will retain at least 20% ownership of the C-REIT.
China’s REIT Market: From Infrastructure to Retail
Launched in 2021 to channel capital into infrastructure projects.
Expanded to shopping malls in 2023.
Strong demand this year as investors seek higher yields amid low sovereign bond returns.
Performance: China REITs delivered the second-highest returns in Asia in 1H 2025, according to Bloomberg Intelligence.
Why This Matters for CapitaLand
CapitaLand Investment is the listed arm of CapitaLand Group, owned by Temasek Holdings.
The firm has faced investor concerns over large exposure to China’s property downturn.
The REIT listing provides:
A way to unlock value from assets.
Diversification of funding channels.
A strategy to alleviate pressure on its China-heavy portfolio.
Market Insights
- Zhu Yuanwei, president of the China REITs Institute, said this deal marks a milestone:“This is set to be China’s first REIT issued by a foreign investor. Other foreign asset managers could follow suit.”
CapitaLand executives previously highlighted that C-REITs provide better pricing transparency and liquiditycompared with private deals, particularly in China’s tier-two cities.
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