Record year of China home sales just around the corner for CapitaLand

It’s also looking for new funding sources.

Considering that China accounts for almost half (46%) of the company’s total assets, the company will continue to stay within this area of competency.

And efforts to focus on projects in Tier 1 and upper Tier 2 cities have been bearing fruit, according to analysts from Maybank Kim Eng.

Maybank Kim Eng says home sales in the country have also benefited from a series of policy easing. Management is also expecting a record year of sales with around 8,000 units worth CNY14b in value.

Meanwhile, the company is also exploring options to tap new sources of funding which could lower financing costs in the country.

“It prefers to replenish its land bank via M&A or JVs instead of land auctions as land prices have appreciated at a faster pace than home prices. It would alsolook to acquire land as a group which would harness its strength as a developer of integrated projects and provide opportunities across sub asset classes,” Maybank Kim Eng said.

Also Read

One Sophia sells 30% of units at weekend launch

Turf City sites could deliver up to 800 public housing units: Huttons

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit