CapitaLand retains positive outlook on Singapore and China businesses

Notwithstanding impact of property cooling measures.

"Outlook remains positive for our businesses in Singapore and China underpinned by stable economic growth and domestic policies," said CapitaLand in its presentation slides revealing its 3Q2013 financial results.

China prospects look especially promising given how China shopping malls and its Raffles City portfolio are benefitting from healthy consumer demand and strong retail sales.

But the property developer anticipate Singapore residential sales to be moderated by the cumulative impact of various property cooling measures.

Looking forward, CapitaLand said it will continue non-core assets disposals, and will further optimise its balance sheet "by leveraging on the capital markets and capital recycling to reduce finance costs and improve maturity profiles."