RESIDENTIAL PROPERTY | Krisana Gallezo-Estaura, Singapore

Singapore's 13 most valuable property developers

Singapore's first is only third in Asia.

Data obtained from CIMB show that CapitaLand emerged as Singapore's most valuable property developer based on market capitalization.

Capitaland has US$11.96bn net worth or accounts for a fifth of Singapore's market.

It is closely followed by Global Logistics Properties with US$10.38 bn market cap.

Rounding up to the top five are City Developments, CapitaMalls Asia and Keppel Land.

Region-wide however, CapitaLand only ranked third, following Hk-based firms China Overseas Land and China Resources Land.

Only three of Singapore's most valuable property developers made it to Asia's top 10.

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