Cooling measures won't slow property demand: CapitaLand Residential

[land118]

http://www.channelnewsasia.com/stori...153414/1/.html

Cooling measures won't slow property demand: CapitaLand Residential
By Stella Lee | Posted: 15 September 2011 2204 hrs

SINGAPORE: The head of CapitaLand's residential unit said government cooling measures will not slow underlying demand for residential property in Singapore.

Wong Heang Fine, CEO of CapitaLand Residential Singapore, said prices are likely to keep rising this year, although the pace of increase may moderate.

He said continuing low interest rates and high liquidity will support demand.

Chong Lit Cheong, CEO of CapitaLand Commercial said rental rates for commercial space will moderate as demand softens with many major tenants such as investment banks having already secured office space.

CapitaLand unveiled designs for a S$1.4 billion commercial project on a site that was formerly Market Street Carpark and a new condominium in Bishan on Thursday.

And its Group CEO is banking on Singapore's projected future as a financial hub to expand its commercial business.

Liew Mun Leong, President & CEO of CapitaLand Group said: "In general, Singapore is small city in terms of area, the demand for office space would definitely grow if Singapore were to grow into a cosmopolitan city and a financial centre."

- CNA/cc

[DC33_2008]

LML must be very upset with the accumulation of so many unsold units with the trouble economy in US and Euro.

http://www.channelnewsasia.com/stori...153414/1/.html

Cooling measures won't slow property demand: CapitaLand Residential
By Stella Lee | Posted: 15 September 2011 2204 hrs

SINGAPORE: The head of CapitaLand's residential unit said government cooling measures will not slow underlying demand for residential property in Singapore.

Wong Heang Fine, CEO of CapitaLand Residential Singapore, said prices are likely to keep rising this year, although the pace of increase may moderate.

He said continuing low interest rates and high liquidity will support demand.

Chong Lit Cheong, CEO of CapitaLand Commercial said rental rates for commercial space will moderate as demand softens with many major tenants such as investment banks having already secured office space.

CapitaLand unveiled designs for a S$1.4 billion commercial project on a site that was formerly Market Street Carpark and a new condominium in Bishan on Thursday.

And its Group CEO is banking on Singapore's projected future as a financial hub to expand its commercial business.

Liew Mun Leong, President & CEO of CapitaLand Group said: "In general, Singapore is small city in terms of area, the demand for office space would definitely grow if Singapore were to grow into a cosmopolitan city and a financial centre."

- CNA/cc

[Wild Falcon]

His d'Leedon only sold 20% and got thousand of unsold unit after launching for one year. Then Capitaland way over-bidded for Bishan plot like 40% higher than second bidder and now trying to con people to buy with some "star architect" mediocre design. Of course he has to hard sell and say market is good lah. Capitaland really lost its midas touch liao.

[devilplate]

His d'Leedon only sold 20% and got thousand of unsold unit after launching for one year. Then Capitaland way over-bidded for Bishan plot like 40% higher than second bidder and now trying to con people to buy with some "star architect" mediocre design. Of course he has to hard sell and say market is good lah. Capitaland really lost its midas touch liao.

tot some say Dleedon got over 70% sold liao? daytona said rite....i lazy to check URA website

[bargain hunter]

435 out of 650 units launched = 67% of launched units sold. but other than the 215 launched but unsold units, there are still 1065 unlaunched units to go.

tot some say Dleedon got over 70% sold liao? daytona said rite....i lazy to check URA website

[devilplate]

435 out of 650 units launched = 67% of launched units sold. but other than the 215 launched but unsold units, there are still 1065 unlaunched units to go.

wah! only 4xx units sold out of 16xxunits!

[bargain hunter]

to be exact, 435 out of 1715, 25% of total units sold. but a lot of bros here say cannot count like that. only can count as % of launched units so its 67% lor. fun with numbers.

wah! only 4xx units sold out of 16xxunits!

[jhokc0007]

to be exact, 435 out of 1715, 25% of total units sold. but a lot of bros here say cannot count like that. only can count as % of launched units so its 67% lor. fun with numbers.

That's the damn thing about all these developers. They always try to paint a rosy picture thru the press..

[DaytonaSS]

tot some say Dleedon got over 70% sold liao? daytona said rite....i lazy to check URA website

I said interlace ARD 70% sold lah, n mention that their issnt much holding cost. Firstly they got the land at record low en bloc price and 2ndly , if they manage ard 25% margin, they would have gotten back most if not all their $$$. The rest is profit.

Pretty good location n reasonable price at ard 1k++ psf to 1100k++ psf. Wld prefer this location anytime for this price range

[DaytonaSS]

That's the damn thing about all these developers. They always try to paint a rosy picture thru the press..

According to facts, from business times article, at least till now it's damn rosy for them. Inspire of cooling measures, every month 1k+++ units. While resale tio KO!

Launch proj within 1 month range btw 40-60% sold. If that is not rosy then what is rosy. Especially when ulu location also can.

[amk]

How come he never said anything about the bedok central site ? I thought that could launch earlier ?

[DC33_2008]

Eyeing on this development too. Starting from $1300psf?

How come he never said anything about the bedok central site ? I thought that could launch earlier ?