An Ascendas business park property that will soon be inducted into CapitaLand Retail China Trust's portfolio.An Ascendas business park property that will soon be inducted into CapitaLand Retail China Trust's portfolio.

CapitaLand China Trust (CLCT) has laid out its funding and growth strategies amid a persistently high-interest rate environment in Singapore and uncertain economic conditions in China.

CLCT is a Singapore Exchange (SGX)-listed but China-focused REIT that owns a portfolio of nine retail malls, five business parks and four logistics assets.

The REIT has come under scrutiny recently after its gearing level for December 2023 crossed the 40% threshold for the first time since it was listed on the SGX in 2006.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.