Wednesday, February 15, 2012

CapitaLand bullish on S'pore, China

Straits Times: Wed, Feb 15
PROPERTY giant CapitaLand is confident that the demand for homes is still healthy in Singapore and China despite property cooling measures imposed in both countries in recent months.

Speaking at the group's results briefing yesterday, CapitaLand chief executive and president Liew Mun Leong said China faces a shortage of homes and that many middle-class buyers are still on the lookout for property.

Aside from residential projects, he said he hopes to offer diverse real estate options by developing more mixed-use projects in China, allowing the group to make the most of the expertise of its residential, retail, commercial and hospitality teams...

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