for $996 mil
Lee Chee Koon, the successful group CEO of CapitaLand Investment Limited (CLI), has recently been recognized as the ‘Industry Figure of the Year’ for Asia Pacific at the 2024 edition of the annual PERE Global Awards. This prestigious award ceremony, organized by a London-based publication that covers private equity real estate markets, applauds noteworthy firms, individuals, and outstanding deals from the previous year. CLI has also been awarded the runner-up position for the ‘Firm of the Year’ in Asia Pacific.
The winners of the 2024 awards were chosen by a panel of PERE journalists, in a departure from previous editions where readers voted to determine the winners from a shortlist selected by PERE. In a press release dated March 4, CLI announced that the award for CEO Lee recognizes “his instrumental role in driving CLI’s transformational growth and his significant impact on the private real estate industry in the Asia Pacific region.”
Since Lee took over as CapitaLand’s group CEO in September 2018, there have been several major developments under his guidance. These include the successful acquisition of Ascendas-Singbridge in 2019 and the restructuring of CapitaLand Group in 2021, which involved the listing of CLI and the privatization of its real estate development arm, CapitaLand Development. In 2024, CLI also invested in real estate investment manager SC Capital Partners Group and acquired Wingate Group Holdings’ property and corporate credit investment management business. The company is currently on track to manage funds worth $200 billion by 2028.
When contemplating an investment in a condominium, it is crucial to also evaluate its potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary significantly depending on factors such as location, condition of the property, and market demand. Generally, areas with high rental demand, such as those situated near business districts or educational institutions, tend to offer better rental yields. To gain a better understanding of a particular condo’s rental potential, it is vital to conduct thorough market research and seek guidance from real estate agents. Another source of valuable insights on Singapore condominium investments can be found on websites like Singapore Projects.
Lee Chee Koon’s leadership and strategic moves have clearly propelled CLI to new heights in the private real estate sector. With such impressive achievements, it is no surprise that he has been named the ‘Industry Figure of the Year’ by PERE and is revolutionizing the way the company handles investments.