On 30 January 2024, CapitaLand China Trust (“CLCT”) have announced their full year result for 2023. There is a slight decrease in their property valuation by 0.9%, from RMB24.6 billion to RMB24.4 billion as of 31 December 2023. When translated to SGD, the decrease becomes more significant as SGD strengthened against RMB in 2023. The downtrend in valuation overall may continue, especially as China continues to grapple with the property crisis. This is something investors will need to keep in mind as although the share price decreased over the last few quarters making it cheaper to invest in, the net asset value of CLCT have also been decreasing. It may take a while before CLCT can recover to their former premium. Website: Financial Statements And Related Announcement::Full Yearly Results Photo source: https://www.clct.com.sg/ Background CLCT is Singapore’s largest China-focused real estate investment trust (“REIT”). CLCT’s portfolio constitutes of shopping malls, business parks and logistics parks. CLCT was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) on 8...