106 view s
Kunshan Bacheng Logistics Park (Photo from CLCT)

CLCT’s net property income rises 7.5% YoY in 9M22 

Its new economy portfolio drove the increase.

CapitaLand China Trust’s (CLCT) net income in the first nine months of the financial year 2022 (9M22) rose 7.5% YoY to RMB970.8m ($188,84m).

In a bourse filing, the trust said its new economy portfolio which includes business and logistics parks drove the increase in its net income.

CLCT said its new economy portfolio saw a positive 9M22 rental reversion at 5.6%, driven by a strong performance from the engineering, electronics, ICT and biomedical science sectors.

Occupancy rates of its business and logistic parks were also high at 94.3% and 96.6%, respectively.

Its retail portfolio likewise saw a positive 9M22 rental reversion of 4.9%, marking the first since the onset of the pandemic.

The completion of AEI at CapitaMall Wangjing boosted the rental reversion said CLCT.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!