The cuts come despite a 13.9% rise in first-half profit
Real estate manager CapitaLand Investment (CLI) has axed 90 jobs, or about 4% of its Singapore workforce in 2026, The Straits Times reported on Sep 3.
The firm “periodically reviews its organisational structure” to ensure it remains aligned with strategic priorities and long-term business needs, the CLI and the Singapore Industrial and Services Employees’ Union in a joint statement on Sep 3.
Currently, CLI, a unionised company, has 2,200 employees in Singapore, and most of them are based at its office in Capital Tower.
The union said it had been informed of the restructuring exercise in advance and has been engaging with the firm throughout the process, including representing workers’ interests and ensuring that affected employees are treated fairly, with severance packages in accordance with the Collective Agreement.
“Supporting employees is a key priority. Where appropriate, the company will also consider redeployment opportunities within the group,” said CLI and the union.
According to figures released in the firm’s 17th Global Sustainability Report in May 2026, the company had 9,542 staff worldwide in 2025, with 24%—or about 2,290—based in Singapore.
Local employees made up approximately 77% of its Singapore workforce in 2025, with more than 48% of these local employees holding managerial and senior management positions.
Based on a global workforce of over 9,500 employees, the report stated that CLI has maintained a turnover rate of 24% “with no major layoffs.”
CapitaLand Investment is a global real asset manager headquartered where it was listed in 2021. The firm has a strong presence in Asia and operates in over 40 countries, including China and India.
As at Sept 3, job openings on its website showed over 60 Singapore-based roles and internships available in areas such as operations, property management and marketing.
At the real estate manager’s results briefing on Aug 13, chief executive Lee Chee Koon said the firm is weighing a partial divestment of its stake in hospitality arm The Ascott Limited to accelerate growth.
The firm also posted a 13.9% rise in net profit to S$327 million for the first half of the financial year ended Jun 30, up from S$287 million a year earlier.
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