Should I buy CapitaLand stock in 2025?

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At HelloSafe, our specialist has been monitoring the performance of CapitaLand for more than three years. Every month, hundreds of thousands of users in Singapore rely on our expertise to make sense of market trends and discover the best investment opportunities. Our analyses are provided for informational purposes only and should not be taken as investment advice. In line with our ethical charter, we have never been, and will never be, compensated by CapitaLand.

What is CapitaLand ?

How much is CapitaLand stock?

The price of CapitaLand stock is rising this week. As of now, the share is trading at S$2.53, up 0.80% in the past 24 hours and flat over the past week.

The stock’s beta of 0.58 indicates lower volatility compared to the broader market. Investors may find CapitaLand’s blend of stability, healthy dividends, and moderate upside potential particularly appealing in Singapore’s real estate sector.

Our full analysis on CapitaLand stock

We have dissected CapitaLand Investment Limited’s (SGX: 9CI) recent performance, historical share trajectory, and the latest quarterly results, coupling these findings with rigorous quantitative and qualitative inputs from financial indicators, technical signals, sector dynamics, and peer benchmarks via our multifactor models. The synthesis of these proprietary analytical processes strongly points to a compelling real estate value proposition, supported by robust fundamentals and forward-looking financial discipline. So, why might CapitaLand Investment once again represent a strategic gateway into the dynamic APAC real estate value chain as we move into 2025?

Recent Performance and Market Context

Stock Price Movements: A Platform for a Bullish Renaissance

As of 10 May 2025, CapitaLand Investment’s share price stands at S$2.53, with a market capitalisation of S$12.62 billion. Despite a recent 6-month pullback of 9.32%, the stock’s one-year movement is nearly flat at -1.17%, highlighting notable resilience amidst sector volatility and a challenging global macro-backdrop. Current performance is comfortably above key support levels (S$2.49 and S$2.52), suggesting a compressed downside risk and accentuating an optimal entry point for investors repositioning for growth.

Noteworthy is the stability in daily and weekly dynamics—the latest daily change clocks in at a healthy +0.80%, underscoring renewed buying activity that reinforces recent technical inflections.

Positive Recent Events and Macro Tailwinds

• The launch of CapitaLand Commercial C-REIT (CLCR), pioneering as the group’s first onshore China retail REIT, positions CLI at the vanguard of a burgeoning RMB asset management market.
• Successful capital mobilisation—S$1.1 billion in YTD capital raised, including a major RMB5 billion partnership with a domestic Chinese institutional juggernaut—further strengthens the war chest for future deals.
• Expansionary momentum in the lodging business is evidenced by strong pipeline wins and continued improvements in occupancy and RevPAU.

Sectorally, the real estate services market in Asia is on a growth trajectory, fuelled by demographic expansion, technology-driven demand for assets (logistics, data centres), and rising urbanisation across CLI’s key operating geographies. With 75% of its asset base embedded in China, CLI rides the wave of the country’s reopening themes and domestic consumer revival, even as prudent risk oversight mitigates cyclical headwinds through portfolio diversification.

Favorable Macroeconomic Positioning

Singapore continues to offer policy clarity, stable interest rates relative to global benchmarks, and an attractive investment regime for yield-oriented investors. The continued trajectory of digital infrastructure and logistics expansion in APAC adds a secular tailwind to CapitaLand’s growth thesis.

Technical Analysis

Bullish Indicators Confirm Upward Potential

• RSI (14): 54.28—indicates neutral but healthy market participation without overbought pressure.
• MACD (12,26): 0.04 (mildly negative short-term, but momentum turning up on crossover watchlists).
• ADX (14): 16.32 (bullish bias is supported with trending conditions emerging).
• CCI (14): -3.62 (neutral, with upside skew).

Most crucially, CLI trades above its 20-, 50-, 100-, and 200-day EMAs—a rare technical convergence signalling sustained buyer conviction. The decisive breakout from a long-term downtrend, now confirmed by a retest of a classic inverse head & shoulders pattern, points to an emerging bullish phase.

Support (S$2.49–2.52) is decisively reinforced, while near-term resistances (S$2.59, S$2.62, S$2.64) offer logical next objectives. Technical consensus: 13 bullish versus 6 bearish signals, an unequivocal case for a renewed buy-side appetite.

Momentum and Structure

The current structure, with major moving averages turned into support, lays out a short to medium-term momentum pathway towards S$2.90 and potentially the analyst consensus S$3.47, given the confluence of both technical and fundamental drivers. This configuration is rarely seen except during the inception phase of significant bullish cycles.

Fundamental Analysis

Revenue, Profitability, and Strategic Expansion: A Core Value Proposition

The Q1 2025 results did bear a top-line headline decline (revenue down 24% YoY). However, this headline risk is overstated: the decrease is almost entirely due to the deconsolidation of CapitaLand Ascott Trust (CLAS), masking robust underlying growth in fee income-related segments—these saw a 3% YoY expansion, with pronounced gains in fund, lodging, and commercial management.

• Recurring, high-margin fee income streams (S$281 million in Q1 2025, +3% YoY), supporting profits through cycles
• Enhanced capital efficiency, as evidenced by S$7.4 billion available for opportunistic deployment

Profitability: While the trailing-12-month EPS is S$0.09, the forward P/E at 17.71 suggests EPS expansion on the horizon, as cost efficiencies and recurring management revenues scale.

Attractive Valuation Metrics

• P/E (TTM): 26.91, contracting rapidly to 17.71 forward, reflecting cyclical trough earnings with clear rebound signals.
• Price/book: 0.93—implies a discount to asset value, which is uncommon among large-cap Singaporean real asset managers and signals value support.
• Dividend yield: 4.74%—outpacing Singapore’s local and regional benchmarks, providing a solid yield floor amid global rate uncertainty.

Structural Strengths: Brand, Market Share, Innovation

• Diverse asset base covering retail, office, industrial/logistics, and rapidly scaling digital infrastructure platforms
• Global presence with deep Asia expertise and expanding footprints in the US, Europe, and India, ensuring risk diversification and growth optionality
• Strong brand and institutional governance, supporting superior capital access and tenant demand

Volume and Liquidity

Consistent Volume Signifies Institutional Endorsement

At nearly 5 billion shares outstanding and a current market cap exceeding S$12 billion, CLI ranks amongst the most liquid large-caps in Singapore. Persistent above-average trading volumes throughout Q1 and into May 2025 validate strong institutional and retail participation—even during sectoral volatility.

This sustained liquidity underscores investor confidence and provides dynamic price discovery—critical for both tactical and strategic investors seeking optimal entry points, while the broad public float ensures healthy turnover and mitigates price manipulation risks.

Favorable Float for Valuation

With a public float of approximately 4.77 billion shares and robust institutional ownership, CLI benefits from an active market ecosystem responsive to new catalysts—a powerful amplifier for price rerating once buying pressure accelerates.

Catalysts and Positive Outlook

Strategic Initiatives Set the Stage for Outperformance

• China Onshore REIT Launch (CLCR): Entry into the C-REIT space positions CLI as a first mover, unlocking new fee streams, and opening avenues to a deep pool of domestic capital.
• Expansion in logistics, data centres, and private credit: Diagnostic of management’s skill in riding global megatrends, these pivots drive higher-yield, secular growth exposure.
• Robust capital-raising: S$1.1 billion in new mandates year-to-date gives CLI financial firepower to scale accretive investments.
• Accelerating lodging business: New signings (4,600 units) and openings (1,800 units) in Q1 2025 reveal a resilient and scalable hospitality platform, synonymous with capex-light, high-margin growth.

ESG and Innovation Agenda

CLI continues to integrate ESG benchmarks at portfolio and operations levels (S$480 million in sustainable financing for 2025), future-proofing the balance sheet and capturing green capital flows. Furthermore, emphasis on digitalisation, portfolio decarbonisation, and flexible workspace innovation resonates with next-generation tenant and investor demands.

Regulatory and Sectoral Tailwinds

• Singapore’s pro-business tax environment—especially the one-tier corporate tax regime—makes CLI’s ~4.74% dividend yield especially compelling for domestic and foreign income investors.
• Asia-Pacific’s urbanisation, infrastructure renewal, and digital transformation themes directly intersect with CLI’s asset theses, underpinning both defensive characteristics and outsized long-term compounding potential.

Investment Strategies: Compelling Arguments Across Time Horizons

Short-Term (3-6 Months): Technical and Tactical Opportunity

With technical support holding and upside momentum in place, traders and tactical investors may see a window to capture gains towards the S$2.90–S$3.00 range (+9–13% from current levels). The technical structure is especially inviting for swing trade strategies, taking advantage of positive volume and reinforcing moving average signals.

Medium-to-Long-Term (12-36 Months): Strategic Growth and Value

• Discounted valuation (sub-book value multiples)
• Substantial capital for redeployment
• Resilient recurring revenues and dividend discipline

Analyst consensus targets (S$3.47; +37% upside) are grounded in robust fundamentals and supported by expected EPS and fee income growth, with new business initiatives and capital allocation upside as further accelerants.

Market Positioning

CLI now sits poised at a technical recovery inflection, following a multiquarter consolidation at book value levels—a classic set-up for new bullish cycles, especially in pre-catalyst phases. For investors seeking quality, income, and growth in a single exposure, CLI’s current profile is difficult to overlook.

Is It the Right Time to Buy CapitaLand Investment?

Key Strengths Recap

• Diversified and Recurring Revenue Model: Stability through cycles, resilience to short-term market shocks
• Attractive Valuation: Below-net-asset-value, rapid forward P/E contraction, and a robust yield
• Sector Leadership and Innovation: First-mover in new REIT markets and data infrastructure, with acute exposure to APAC secular growth
• Technical, Liquidity, and Volume Support: Entry coinciding with broad-based institutional interest and positive technical patterns
• Clear Catalysts Ahead: New REIT launches, lodging & logistics expansion, and green investing tailwinds
• Favorable Regulatory and Dividend Regime: Income yield enhanced by Singapore’s investor-friendly tax structure

Optimistic Projection

Combining fundamental strengths, attractive valuation, technical confirmation, and an actionable pipeline of positive catalysts, CapitaLand Investment seems to represent an excellent opportunity for investors seeking an Asia-focused property and asset management champion. The fundamentals and chart structure justify renewed interest at current levels, and the outlook suggests the stock may be entering a promising new bullish phase.

For market participants with conviction in Asia’s real asset cycle and an eye for value, CapitaLand Investment offers an excellent case to be at the forefront of the region’s next real estate upcycle. The confluence of recurring income, capital discipline, and strategic innovation places CLI in an enviable position to outperform—making this a name that deserves close consideration for a leading slot in any diversified growth and income portfolio.

How to buy CapitaLand stock in Singapore?

Buying CapitaLand stock online is both simple and secure, particularly when you use a regulated broker licensed in Singapore. You have two main options: buying CapitaLand shares outright in the spot market (for direct ownership), or trading Contracts for Difference (CFDs) if you prefer leveraged and short-term exposure. Each method comes with its own risk profile and advantages, which we’ll explain below. To help you find the right service, a broker comparison is provided further down the page.

Spot Buying

When you buy CapitaLand (SGX: 9CI) shares via spot buying, you directly own the underlying stock, making you eligible for dividends and shareholder privileges. This is the classic, long-term approach and is available through all major Singapore brokers. Fees vary, but for Singapore-listed shares, most brokers charge a fixed commission per trade—typically around S$5 per order.

Example

If the CapitaLand share price is S$2.53, you can purchase roughly 394 shares with a S$1,000 investment after accounting for a S$5 brokerage fee (S$2.53 × 394 = S$997.82).

✔️ Gain scenario: If the share price rises by 10% to S$2.78, your shares are now worth about S$1,100.

Result: That’s a gross gain of +S$100, or +10% on your initial investment, before taxes or further fees.

Trading via CFD

CFD (Contract for Difference) trading allows you to speculate on CapitaLand’s share price without owning the physical share. With CFDs, you can open positions with leverage (for example, 5x), amplifying both potential gains and losses. Instead of a flat fee, you pay a spread (the difference between buy/sell prices) and, for overnight positions, daily financing charges.

Example

You open a CFD position on CapitaLand with S$1,000 and use 5x leverage, giving you exposure to S$5,000 worth of shares.

✔️ Gain scenario: If the stock rises by 8%, your position gains 8% × 5 = 40%.

Result: That’s a +S$400 gain (excluding spreads and overnight financing): a substantial return compared to spot buying, with a higher risk profile.

Final Advice

Before you start, it’s crucial to compare the fees, minimum deposit requirements, and trading platforms offered by different brokers. Decide whether you seek the ownership and dividends of spot shares, or the flexibility and leverage of CFDs. Each approach suits different objectives and risk tolerances. You’ll find a detailed broker comparator further down this page to help you make the best choice for your investment journey.

Our 7 tips for buying CapitaLand stock

The latest news about CapitaLand

CapitaLand Investment Limited’s share price remained stable this past week, but technical outlook is bullish.
CLI closed at S$2.53, flat week-on-week, but recent technical indicators—including the stock trading above its 20-, 50-, 100-, and 200-day EMAs—point to renewed positive momentum. Bullish signals are reinforced by the ADX (Buy) and a successful retest of an inverse head & shoulders breakout pattern, suggesting that short-term upside of up to 12.8% is plausible if sentiment and fundamentals persist. The broader technical consensus among market experts in Singapore is bullish, with 13 bullish signals outweighing 6 bearish factors.

CapitaLand Investment paid a S$0.12 dividend per share on May 13, 2025, offering a 4.74% yield.
The dividend, distributed under Singapore’s one-tier corporate tax system, is attractive to local income-focused investors, bolstered by stability and strong cash flows. The payout reinforces CLI’s reputation as a reliable dividend stock within the SGX, providing confidence amid a rising-rate environment. The ex-dividend date was May 2, 2025, and with a healthy balance sheet and operating cash flow of S$255 million in Q1, continued dividend sustainability appears robust.

CLI’s Q1 2025 results highlight growth in fee-income businesses, despite a drop in total revenue.
Although reported total revenue fell 24% year-on-year (mainly due to the deconsolidation of CapitaLand Ascott Trust), the core fee income-related business increased revenue by 3% year-on-year. This shift shows the success of CLI’s strategic pivot toward asset-light, recurring income streams—like fund management and lodging—which are less sensitive to property market cycles. The company’s operating cash flow and S$7.4 billion in deployable capital also provide substantial financial resilience and future growth potential.

Strategic fund launches, capital raising, and new lodging assets signal ongoing expansion in Asia.
CLI recently raised S$1.1 billion this year—including a major RMB5 billion (S$921 million) mandate with a Chinese institutional investor—demonstrating market confidence in its platform. The April 2025 application for listing its CapitaLand Commercial C-REIT in China also reflects ambitions to deepen Asian market penetration. In lodging, the signing of 4,600 new units and 5% growth in RevPAU in Q1 signal healthy sector fundamentals and growing regional demand, aligning with Singapore-based investors’ search for exposure to emerging Asian asset themes.

Leading research houses in Singapore maintain "Buy" ratings, with a consensus price target implying 37% upside.
Analysts covering the Singapore market reiterate an average target price of S$3.47—significantly above current levels—citing CLI’s diversified revenue streams, sizeable capital, and commitment to thematic growth areas such as logistics and data centers. This optimism is grounded in the company’s steady fundamentals, healthy debt ratios (net debt/equity of 0.39x), and capacity to weather external volatility, making it a favored large-cap in the local real estate sector.

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P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.