CapitaLand Investment Ltd cut its workforce in China by approximately 10%, or 365 people, during 2025 as a result of the major real estate crisis in China [1, 2, 3, 4]. This reduction contributed to the company’s total global headcount falling to 9,542 employees in 2025, down from 10,158 in 2024—the first global decline since 2022 [1, 2, 3, 4].
China remains the country with the largest share of CapitaLand’s workforce, although its portion declined to 33% in 2025 from 35% in 2024 [2, 3, 4]. Singapore’s employee numbers also dropped, but its share of the global workforce held steady at 24% in 2025 [2, 3, 4]. Meanwhile, India’s presence is growing, with its workforce share increasing to 6% from 5% the previous year [2, 3, 4].
CapitaLand reported a fair value loss of about SGD 545 million (US$427 million) in China for 2025, reflecting the challenges in the local market [2, 3, 4]. The company manages approximately SGD 50 billion under private funds, of which nearly SGD 23 billion are invested in China [2, 3, 4].
Despite the workforce reduction, the employee turnover rate rose to 24% in 2025 from 21% in 2024, but the company stated it has not conducted major layoffs [2, 3, 4]. CapitaLand is also pursuing a "China-for-China" strategy, aiming to attract local investors and list local real estate investment trusts to navigate the market crisis [2, 3, 4].
Reports indicate CapitaLand is in merger talks with Mapletree Investments, another Temasek-owned property manager, which could lead to combining assets including those based in China [2, 4].
On May 30, 2026, CapitaLand published a global sustainability report revealing its 2025 workforce and financial data, introducing the details of these changes and the company’s response to market challenges [2, 3, 4].
