In November 2000, it was formed by the merger of Pidemco Land (formerly a subsidiary of ST Group) and DBS Land (formerly a subsidiary of DBS Group).
CapitaLand Group's main businesses are real estate developers and holding building assets.
CapitaLand China Holdings holds 20% of Lai Fung Holdings.
On November 18, 2009, CapitaLand launched its initial public offering of 1.1652 million new shares in CapitaMalls Asia (CMA) at a price of 2.12 yuan per share, accounting for 30% of CMA’s total share capital and 2.47 billion Singapore dollars (approximately
1.8 billion U.S. dollars).
Guardian Commercial Properties was listed for trading on November 25 for the first time.
CapitaLand Retail, a subsidiary of CapitaLand, will be renamed CapitaMallsAsia after the IPO.
After the name change and integration, CapitaMallsAsia will cover CapitaLand's retail real estate funds and real estate trust management businesses.
In addition, CapitaMallsAsia will also acquire a 15% stake in the RafflesCityChinaFund fund.
CapitaMalls owns a total of 86 retail assets in Singapore, China, Malaysia, Japan and India. Its parent company, CapitaLand, has 40% of its shares in the hands of Singapore's sovereign wealth fund Temasek.
On January 18, 2010, OOIL reached an agreement with Singapore's CapitaLand to sell "OOCL Development (China)"'s current seven real estate projects in the mainland for a consideration of approximately US$2.4 billion, involving a floor area of ??approximately
1.45 million square meters, seven projects are located in Shanghai, Kunshan and Tianjin respectively; half of them are residential properties, and the rest are office buildings, shops and hotels.
Orient Overseas Development's net book value is approximately US$1.115 billion, or HK$8.696 billion.
Therefore, Orient Overseas International estimates that the sale of Orient Overseas Development can bring in proceeds of US$1.055 billion, or HK$8.23 billion.
On June 18, 2013, CapitaLand China acquired 70% of the equity of Shanghai Guangchuan Real Estate Co., Ltd. through the Shanghai United Equity Exchange for approximately RMB 1.9 billion, and planned to build a comprehensive complex on the Hanzhong Road land owned by Shanghai Guangchuan Real Estate Co., Ltd.
body project.