CapitaLand Investment Ltd., majority‑owned by Temasek Holdings, reported a 14% year‑on‑year profit rise to S$327 million ($255 million) for the six months ended June 30, driven by higher contributions from private funds and various real estate investment trusts. The property asset manager highlighted stronger fee income as a key factor. Revenue slipped 2% to S$1.02 billion, yet still topped analyst expectations, reflecting the firm’s diversified portfolio and disciplined cost management.

The company forecast continued earnings growth, citing ongoing market recovery and new fund allocations. The turnaround underscores Singapore’s resilient property sector, where asset managers are leveraging fee increases to offset modest top‑line declines. Analysts view the results as a positive signal for other REITs and private‑equity‑linked real estate platforms operating in the city‑state.

Looking ahead, CapitaLand expects further upside from its expanding Asia‑Pacific footprint and strategic partnerships, positioning the firm to capitalize on rising demand for commercial and residential spaces in Singapore and beyond.