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Speaking at a media and analyst briefing on Monday afternoon, Mr Lee Chee Koon, CapitaLand group chief executive officer, described the announcement as “one other essential milestone” within the company’s transformation journey. Receive a summary of the day’s top tech news—distilled into one e mail.

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Fact-based mostly underwriting standards and metrics applied to investing in brick and mortar real estate have been in place for decades. Lenders examine market vacancy rates and new product coming to market. What are the historical rents, historic operating expenses, NOI? These questions are part of authentic underwriting and the way to do a deal.