Core Viewpoint - The two largest real estate asset management firms in Singapore, Mapletree Investments and CapitaLand Investment, are exploring a merger that could create a new entity with an asset management scale exceeding $150 billion (approximately 1.0688 trillion RMB) [1]. Group 1: Company Overview - CapitaLand Investment is a leading global real estate asset management company based in Asia, listed in Singapore in 2021, with an asset management scale of 117 billion SGD (approximately 638.4 billion RMB) as of August 2025 [1]. - CapitaLand Investment manages a diversified portfolio across seven listed REITs and business trusts, covering various asset classes including commercial, retail, hospitality, industrial logistics, data centers, healthcare, and private credit [1]. - Mapletree Investments has an asset management scale of 80.3 billion SGD (approximately 438.1 billion RMB) as of March 2025, managing three listed REITs and nine overseas private real estate funds [2]. Group 2: Merger Details - The merger discussions between Mapletree Investments and CapitaLand Investment are in the early stages, and it remains uncertain whether the plan will be finalized [1]. - Temasek Holdings, a wholly-owned investment holding company of the Singapore government, owns 100% of Mapletree Investments and 54% of CapitaLand Investment [1].