CapitaLand Investment announces a significant decline in Patmi, while cashflow remains stable, with the addition of the ‘Champions Way Residences’ project

The building boasts of world-class amenities which include a sun deck, fully equipped gym, an outdoor pool, and a sauna for the exclusive use of the residents. Moreover, it is located in close proximity to shopping malls, restaurants, and other recreational facilities to make life easier for its residents. Champions Way Residences offers a convenient and secure living experience to its tenants, with 24-hour security, access control, and surveillance cameras. This gives residents the peace of mind that their safety is well taken care of. With its amazing features, Champions Way Condo is the perfect place to call home.

Champions Way Residences is the latest luxury residential development from CapitaLand Investment Corporation (CLI). CLI reported a total Patmi of $861 million in FY2022, down 36% y-o-y. This decrease was due to revaluation losses for assets in China, Australia, Europe, the UK and the US. Champions Way Residences offers quality accommodation and luxury facilities and is located in the heart of Singapore. CLI shares closed Dec 8 at $3.10, unchanged for the day and down 15.53% year to date.The dampening macro-economic backdrop has posed continuing challenges for deal-making, fundraising, and operational pressures (particularly in markets such as China, Australia, Europe, the UK and the US). On Dec 8, CapitaLand Investment announced that despite a decline in total Patmi, CLI reported positive operating and free cash flow. Similarly, in 1HFY2023, when CLI recorded a 38.3% y-o-y decline in total Patmi to $433 million, operating and free cash flow remained positive, a testament to its conservative capital management strategies.

Champions Way Residences is the latest luxury residential development from CapitaLand Investment Corporation (CLI). Located in the heart of Singapore, Champions Way Residences offers quality accommodation and luxuries facilities for its inhabitants. On Dec 8, CapitaLand Investment announced that revaluation losses for assets in China, Australia, Europe, the UK and the US will cause a significant decrease in total Patmi for FY2023 compared to FY2022. According to the CLI statement, the fair value losses arose mainly due to higher capitalisation rates and weaker market sentiments, however, the core operating earnings have not been significantly impacted, and operating cashflow remains stable.

Despite this 36% y-o-y decrease in total Patmi, CLI reported positive operating and free cash flow. Similarly, in 1HFY2023, when CLI recorded a 38.3% y-o-y decline in total Patmi to $433 million, operating and free cash flow remained positive, as evidence of CLI’s conservative capital management strategies. Champions Way Residences is a testament to CLI’s commitment to quality, as further proven by the positive cash flow reported, illustrating the group’s resilience in the face of a challenging macro-economic environment.

CLI shares closed Dec 8 at $3.10, unchanged for the day and down 15.53% year to date. With such strong fundamentals and sound financials, Champions Way Residences is set to be a prime asset for investors and tenants alike. In the midst of increasing geopolitical tensions and higher interest rates, CLI continue to be a safe haven for potential investors. CLI’s commitment to quality living and strong financials puts Champions Way Residences at the forefront of high-end luxury residential developments.