Listed Real Estate Asia, KT Capital Group

Jacob Cheng

Jacob has 7 years of professional buy-side experience in real estate investment and listed equities.  Jacob worked as a portfolio manager/analyst in Global Listed Real Estate team in AMP Capital and Macquarie Asset Management.  Prior to that, Jacob has spent 5 years in APG asset management, in the listed real estate team.  As one of the largest RE funds in Asia, he co-managed EUR6bn investment portfolio with the team with a focus on Hong Kong and China property.  He led the USD200m cornerstone investment in Wanda Commercial Properties IPO (the largest mall operator and developer in China).  Prior to this, Jacob has 3 years of experience in investment banking in Bank of America Merrill Lynch, covering equity, debt and M&A transactions across real estate, consumer& retail and TMT sectors.  Jacob specializes in fundamental bottom up research.  Aside from work, Jacob has a personal interest in spirituality and personal development.  He practiced meditation and has published a book about meaning of life in 2016.

Listed Real Estate Asia

The $110-Billion GCC Gold Rush: Why Embassy REIT Is the Ultimate Asian Equity Alpha Play

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India Real Estate: Domestic Demand & Infrastructure Boom – LONG DLF

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KT Capital Group

Principal investments and advisory firm that focuses on connecting the CIS countries with East Asia.

Principal investments and advisory firm

Equity Bottom-Up

<ul>
<li>India is APAC's highest-yielding real estate market. Investment volumes surged 189%, igniting a structural residential supercycle fueled by robust wealth creation, rapid urbanization, and massive corporate demand.</li>
<li>LONG DLF for asymmetrical risk-reward. Trading at 32.95x P/E, this zero-debt juggernaut is completely insulated from global rate volatility, hoarding a ₹7,746 crore net cash surplus.</li>
<li>Flawless FY26 execution delivered ₹4,408 crore PAT (+33%). A ₹20,000 crore FY27 launch pipeline across major markets guarantees immense margin creation and sustained, de-risked luxury dominance.</li>
</ul>


India is APAC's highest-yielding real estate market. Investment volumes surged 189%, igniting a structural residential supercycle fueled by robust wealth creation, rapid urbanization, and massive corporate demand.
LONG DLF for asymmetrical risk-reward. Trading at 32.95x P/E, this zero-debt juggernaut is completely insulated from global rate volatility, hoarding a ₹7,746 crore net cash surplus.
Flawless FY26 execution delivered ₹4,408 crore PAT (+33%). A ₹20,000 crore FY27 launch pipeline across major markets guarantees immense margin creation and sustained, de-risked luxury dominance.


LONG DLF: The Zero-Debt Apex Predator Monetizing India's Multi-Year Real Estate Supercycle