CapitaLand Development names new CEO
Singapore real estate giant CapitaLand Group has appointed Jonathan Yap as the new chief executive officer, effective June 5, of its development arm CapitaLand Development (CLD), which focuses on Vietnam, Singapore and China as its core markets.
Yap is currently the CEO of listed funds at CapitaLand Investment (CLI), which is the listed real estate investment management platform of CapitaLand. He will succeed Jason Leow, who will retire and relinquish his position, the heavyweight announced Thursday. Leow will be on the same day appointed adviser to CapitaLand Group, majority owned by Singapore state investor Temasek Holdings.
“Jason has been instrumental in leading the growth of CapitaLand’s business in Singapore, China and Vietnam, building the leadership bench strength and fostering a strong culture of teamwork,” said CapitaLand chairman Wong Kan Seng. “We are glad that Jason will continue to serve as an advisor to the group and help provide counsel from his wealth of knowledge, experience and expertise.”
Jason Leow (left) and Jonathan Yap, incoming CEO of CapitaLand Development. Photo courtesy of CapitaLand Group.
Yap has more than 30 years of experience in real estate across Asia. He joined the group following the merger of CapitaLand and Ascendas-Singbridge (ASB) in 2019. At the time, he was chief operating officer and group chief financial officer of ASB.
Prior to his current appointment, Yap was president of CapitaLand Financial, overseeing the group’s fund management business. He holds a bachelor of science in estate management and a master of science in project management from the National University of Singapore.
CLD has a portfolio worth S$21.8 billion ($16.4 billion) as of December 31 2022, focusing on its core markets of Vietnam, Singapore and China. CLD’s real estate development capabilities span various asset classes, including integrated developments, retail, office, lodging, residential, business parks, industrial, logistics and data centers.
CapitaLand Group is in talks to acquire assets worth roughly $1.5 billion from Vietnam’s biggest listed property firm Vinhomes JSC of the country’s largest conglomerate Vingroup. A deal of this size would mark one of the largest real estate transactions in Southeast Asia in the last few years.
Vinhomes, with its property assets across Vietnam, is listed as VHM on the Ho Chi Minh Stock Exchange and has a market value of $8 billion as the country’s biggest real estate developer by market capitalization.
- Related News
- Read More
Vietnam's upstream oil & gas stocks surge on project momentum, regulatory easing
Stocks of Vietnam’s upstream oil and gas companies have surged in recent weeks, boosted by rising exploration activity and new rules that accelerate project approvals, while midstream and downstream players face pressure from falling crude prices.
Companies - Mon, November 17, 2025 | 8:57 am GMT+7
Indonesia to turn Bali into Asia’s next medical tourism hotspot
Indonesia is stepping up efforts to reduce the number of citizens seeking treatment abroad and turn Bali into Asia’s leading medical tourism hotspot.
Southeast Asia - Sun, November 16, 2025 | 9:05 pm GMT+7
Malaysia aims to become Southeast Asia’s AI, EV hub
Malaysia is shifting into high gear as it positions itself to become Southeast Asia’s leading hub for smart, sustainable mobility, powered by breakthroughs in electric vehicles (EVs), artificial intelligence (AI), and advanced manufacturing.
Southeast Asia - Sun, November 16, 2025 | 9:00 pm GMT+7
108 foreign investors hold 26.8% stake in Vietnam's industrial giant Thaco
Vietnam’s industrial conglomerate Truong Hai Group (Thaco) has reported a charter capital of VND30.51 trillion ($1.16 billion), with domestic private capital accounting for 73.2% and 108 foreign investors holding the remaining 26.8% stake.
Companies - Sun, November 16, 2025 | 4:42 pm GMT+7
Vietnam the most important manufacturing hub of Chinese electronics giant Luxshare-ICT: exec
Major Chinese electronics manufacturer Luxshare-ICT will expand its operations in Vietnam by rolling out large science-technology and innovation projects in the northern province of Bac Ninh and other localities, its vice chairman Wang Laisheng said on Saturday.
Companies - Sun, November 16, 2025 | 2:46 pm GMT+7
Sweden’s Syre reinforces $1 bln textile recycling plant in Vietnam with Nike deal
A strategic deal with U.S. sportswear giant Nike is expected to consolidate Swedish recycling start-up Syre's plans to roll out a global network of textile-to-textile recycling facilities, beginning with a $1 billion plant in Vietnam.
Industries - Sun, November 16, 2025 | 8:00 am GMT+7
Vietnam plans roadmap to allow short selling under stock market upgrade program
Vietnam’s Ministry of Finance has outlined a plan to introduce short selling and securities lending on a controlled basis as part of its broader effort to upgrade the country’s stock market from frontier to secondary emerging status.
Finance - Sat, November 15, 2025 | 8:01 pm GMT+7
Vietnam's first LNG power plants to begin commercial operation in Nov-Dec
Nhon Trach 3 and 4, Vietnam’s first LNG-fired power plants, are expected to begin commercial operations at the end of 2025, according to authorities in the southern province of Dong Nai.
Energy - Sat, November 15, 2025 | 3:42 pm GMT+7
Central Vietnam hub pushes ahead with sea encroachment project to strongly attract FDI
A sea encroachment project in Danang will be vital to the city's strong foreign investment attraction, said Chairman of the municipal People’s Committee Pham Duc An.
Industries - Sat, November 15, 2025 | 11:44 am GMT+7
Grocery chain Bach Hoa Xanh to enter northern Vietnam with first store in Ninh Binh province
Bach Hoa Xanh, a grocery chain operated by Vietnam’s leading retailer Mobile World Investment Corporation (MWG), will open its first store in northern Vietnam in late November, marking its major geographic expansion since the brand was launched nearly a decade ago.
Industries - Sat, November 15, 2025 | 8:00 am GMT+7
Indonesia strives to restore its position as a major sugar exporter
Indonesia aims to achieve self-sufficiency in white sugar by 2026 as part of a national drive to strengthen food security and revive the country’s once-thriving sugar industry, said Agriculture Minister Andi Amran Sulaiman.
Southeast Asia - Fri, November 14, 2025 | 9:10 pm GMT+7
Honda warns Vietnam sales could drop 200,000 units on proposed gasoline motorbike ban
Honda Motor Co. has warned that its annual motorbike sales in Vietnam could fall by around 200,000 units if Hanoi moves ahead with a plan to ban gasoline-powered two-wheelers in downtown city.
Companies - Fri, November 14, 2025 | 8:53 pm GMT+7
Northern Vietnam airport Gia Binh set to reshape capital region’s aviation network
Gia Binh International Airport, located in Bac Ninh province, is a strategic development that will reshape the capital region’s aviation network, said Minister of Construction Tran Hong Minh.
Infrastructure - Fri, November 14, 2025 | 4:50 pm GMT+7
Nearly 17,000 people join Standard Chartered’s Fun Fit Fest to support community
After a month of implementing, Standard Chartered’s Fun Fit Fest, an initiative that aims to foster a healthy community and social responsibility, attracted nearly 17,000 participants joining challenges in over 15 sports.
Companies - Fri, November 14, 2025 | 4:09 pm GMT+7
Japanese confectioner Bourbon seeks to expand cocoa raw-material zones in central Vietnam
Bourbon Corporation, one of the leading companies offering a wide range of confectionery and snacks, beverage and food in Japan, is seeking to partner with Ca Cao Trong Duc Company Limited to develop cocoa raw-material zones in Gia Lai province, central Vietnam.
Industries - Fri, November 14, 2025 | 3:29 pm GMT+7
Vingroup submits $325 mln overseas bond issuance application to Vietnam's market watchdog
Vietnam's State Securities Commission (SSC) said it had received a dossier from Vingroup (HoSE: VIC) for offering bonds worth $325 million to the international market.
Finance - Fri, November 14, 2025 | 2:01 pm GMT+7
