Working at CapitaLand Singapore: Company History, Culture, Benefits, and Leadership

CapitaLand, headquartered in Singapore, is a prominent player in real estate investment, development, and management. Their diverse portfolio encompasses business parks, industrial, commercial, residential, and retail properties. Rooted in a foundation of integrity, the company consistently makes ethical decisions, prioritizing community and environmental well-being. Let's explore with Aniday Working at CapitaLand Singapore: Company History, Culture, Benefits, and Leadership.

General Information

CapitaLand, based in Singapore, specializes in real estate investment, development, and management. With a global presence in over 260 cities across 40 countries, it focuses on core markets in Singapore and China while expanding into others. The company's diverse portfolio includes business parks, industrial, commercial, residential, and retail properties.

CapitaLand is a major player in global investment management, managing six listed real estate investment trusts and business trusts, along with around 30 private vehicles. 

Company History

• July 12, 2000: DBS Land (DBSL) and Pidemco Land merge, creating a company with $18 billion in assets, becoming Southeast Asia's largest listed property firm. The merger complies with a new Monetary Authority of Singapore measure.

• September 6, 2000: The merged entity is officially named CapitaLand.

• October 18, 2000: Shareholders approve the merger.

• November 28, 2000: CapitaLand is officially launched.

• September 13, 2012: CapitaLand is listed on the Dow Jones Sustainability Asia Pacific Index for sustainability efforts.

• January 14, 2019: CapitaLand announces the S$11 billion acquisition of Ascendas-Singbridge from Temasek Holdings. Shareholders approve on April 12, 2019, and the acquisition is completed on June 30, 2019.

• February 20, 2019: CapitaLand reports a 12.3% increase in its 2018 net profit.

• July 3, 2019: Ascott Residence Trust and Ascendas Hospitality Trust merge, creating Asia's largest hospitality trust with S$7.6 billion in combined assets.

• September 29, 2020: Unitholders vote for the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust, forming CapitaLand Integrated Commercial Trust, the largest Singapore REIT and one of the Asia Pacific's largest.

• March 22, 2021: CapitaLand Group announces a proposed restructuring, forming two entities: CapitaLand Investment (CLI) and CapitaLand Development (CLD).

• September 27, 2021: Ascendas Real Estate Investment Trust, Ascott Residence Trust, and Ascendas India Trust are renamed under the unified CapitaLand brand, becoming CapitaLand Ascendas REIT, CapitaLand Ascott Trust, and CapitaLand India Trust, respectively.

Notable Projects by CapitaLand

Integrated Developments

• Raffles City Legacy: Pioneered in 1986, expanded to key cities in China.

• CapitaSpring: 280m skyscraper in Raffles Place.

Shopping Malls

• Singapore: 20 malls, including ION Orchard and Jewel Changi Airport.

• China: 46 malls, such as CapitaMall Xizhimen and Raffles City Shanghai.

• Acquisitions: Liang Court (2019) and Star Vista sale (2019).

Lodging

• The Ascott Limited: Established in 1984, 790+ properties globally.

Offices

• Global Presence: Commercial spaces in Singapore, China, Germany, Japan, and Vietnam.

• Signature Buildings: Asia Square Tower 2, Capital Tower, CapitaGreen, Six Battery Road.

Homes

• Residential Portfolio: The Interlace, d’Leedon, One Pearl Bank, and upcoming CanningHill Piers.

• Diverse Locations: Homes in Singapore, China, Indonesia, Malaysia, and Vietnam. Latest project: J'Den at JCube.

Company Culture 

CapitaLand's talent strategy goes beyond just recruiting suitable candidates with the right skills and values. Tehy strive to help its people grow at every stage of their careers, recognize their contributions and hard work, and reward them for their efforts and achievements. CapitaLand embraces diversity, fosters inclusivity, and has built a strong team of highly talented employees around the world.

CapitaLand aims to bring out the best in you by offering high-quality professional and personal development programs. Additionally, they provide rewarding opportunities for continuous learning, growth, and thriving within the CapitaLand community.

Core Values

• Integrity: CapitaLand maintains high ethical standards and is a trusted entity. They consistently make choices aligned with what is right, prioritizing the well-being of their communities and the environment.

• Enterprising: CapitaLand exhibits innovation and agility. Embracing uniqueness, challenging the status quo, and daring to be different are hallmarks of their approach. Their steadfast commitment to learning and growth is unwavering.

• Winning Mindset: They possess a fervent commitment to achieving excellence, demonstrating perseverance in overcoming challenges. Their approach is marked by boldness, courage, and resilience.

• Respect: Demonstrating humility and mutual appreciation, they foster inclusivity, collaboration, and the dismantling of silos. Embracing diversity is a fundamental aspect of their approach.

Employee benefits 

• Competitive salary and benefits: CapitaLand provides competitive salaries and benefits, including health insurance, retirement plans, and housing benefits.

• Leave Policy: Annual leave, Compassionate Leave, Child Care Leave, Marriage Leave, Shared Parental Leave, Sick Leave.

• Health and Wellness: Health Screening, Hospitalization Insurance, Travel Insurance. 

• Training and development: A comprehensive development program at CapitaLand encompasses structured training, mentorship programs, and on-the-job learning.

• Career progression: CapitaLand fosters internal career progression, offering a range of developmental opportunities to support employees in reaching their full potential.

• Work-life balance: To ensure a healthy work-life balance, CapitaLand offers flexible working hours, remote work options, and generous leave policies.

• Corporate social responsibility: Actively involved in various CSR initiatives, CapitaLand promotes environmental sustainability and community partnerships.

• Others: Subsidised rates at Ascott serviced residences

Company Leadership

• Wong Kan Seng - Chairman - Independent Director : After 26 years in the Singapore Government, Mr. Wong retired in 2011 as Deputy Prime Minister and Coordinating Minister for National Security. He continued as a Member of Parliament until 2015 and joined the private sector in the same year.

• Miguel Ko - Deputy Chairman - Non-Executive Independent Director: is an experienced entrepreneur in hospitality and property development. With a rich background in hospitality, he previously served as Chairman and President of Starwood Asia Pacific Hotels & Resorts, and Deputy Chairman and CEO of CDL Hotels International.

• Stephen Lee Ching Yen - Independent Director: a business executive, has led nine different companies, serving as Chairman for Shanghai Commercial Bank Ltd., Chairman at Tripartite Alliance Ltd., Managing Director at Great Malaysia Textile Investments Pte Ltd., and Deputy Chairman & Managing Director at The Shanghai Commercial & Savings Bank Ltd.

Conclusion 

In conclusion, CapitaLand's company culture is rooted in a comprehensive talent strategy that prioritizes employee growth, recognition, and diversity. The company is committed to fostering a workplace where individuals can excel at every career stage. Aniday hopes that after reading this article, you gain insight into Working at CapitaLand Singapore: Company History, Culture, Benefits, and Leadership.