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Home prices to drop 3-5% in 2011
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This comes after private residential sales fell 10.7 m-o-m to 1,189 units in January.
According to OCBC, Kwek Leng Beng, executive chairman of City Developments, said they are expecting the home prices to fall this year amid government curbs.
Tags: Singapore home prices, Singapore residential sales, Singapore government curbs
You are almost right.
I copy and paste the postings and sent to the tua tow kay of Capitaland telling him the Genius in Sharejunctions.
boyikao3 ( Date: 23-Feb-2011 20:28) Posted:
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Capitaland: Won tender for Bishan residential site with bid of $550m ($869psf GFA), 27% above 2nd highest bid from KepLand, with total of 19 bidders. This is the 1st site released after 4th round of measures and both the number of bidders and price of the bid indicates confidence of developers.
Site is attractive located, within walking distance to Bishan MRT & Junction 8 and co plans to build a 600-unit dev. Estimates put the avg selling price at approx $1.4k psf, a bullish figure, 30% higher than the resale mkt ($720-890psf) and higher than Clover by the Park ($900-1000 psf).
Co land bank is now at $2.7m and increases low-end exposure which is seeing more demand lately but may be viewed cautiously given bid’s high price. Deutsche maintains Buy with TP$4.87 and CIMB maintains Neutral with TP$3.27.
Let's see what I said last year Nov will hold its ground...
boyikao3 ( Date: 23-Nov-2010 17:03) Posted:
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That may not be the case...
As the downtrend approaches the bottom at the right tme,
the market will surely rebound on it's own accord,
but no one can tell when that will happen...
bishan22 ( Date: 23-Feb-2011 18:40) Posted:
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If $2 breached, there will be merger if not, some other property company will 'buy' (eat up ) this company.
I will ask Richman to join in the Board of Direcotrs.....hahahah!
bishan22 ( Date: 23-Feb-2011 18:40) Posted:
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At $2, Capitaland will liquidate all investment in China, Vietnam.....
At $2? What will become the STI?
I think $3 is not as far off & easier to reach.
Isolator ( Date: 23-Feb-2011 10:13) Posted:
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SINGAPORE, Feb 23 (Reuters) - RBS has upgraded CapitaLand, Southeast Asia's largest property developer, to hold from sell and raised its target price to S$3.40 from S$3.20. STATEMENT: RBS said CapitaLand shares were now fairly valued after the recent steep correction, but it sees few catalysts for the stock amid the competitive acquisition climate. CapitaLand stock has fallen around 11 percent so far this year. At 0235 GMT, the shares were up 0.6 percent at S$3.31 on a volume of 4.7 million shares. CapitaLand reported higher than expected quarterly net profit on Tuesday, although the number was 41 percent lower than a year ago due to smaller one off gains.
RBS said the firm could potentially invest S$2-3 billion in the residential land bank in China and Singapore, but noted that the acquisition climate will remain challenging due to the low interest rates and gearing for developers in both countries. The brokerage added that according to CapitaLand's management, sales volumes in Shanghai have moderated after the cooling measures and the price growth may slow down this year.
(Reporting by Eveline Danubrata)
there seemed no catalyst for this stock anymore...
price on the downward trend..
Long term run, it will reach $2 become stable...
LML spoke last night at CNA, seem to convince investors that the stock is doing fine. Good luck. 
Honestly... it will go down to $2 first...
The result is within expectation . Long term this counter will go back to $3.90 - $4.00.
hyun_sg ( Date: 22-Feb-2011 11:11) Posted:
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is it twice as high? no wonder the share is now the lowest ever in quite a while ! lucky it wasn't 3 times as high.
krisluke ( Date: 22-Feb-2011 08:07) Posted:
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* CapitaLand Q4 net profit S$522.1 mln vs S$885.7 mln a year ago
* Shares have fallen 9.4 pct so far this year, underperforming benchmark index (Adds details, background, analyst comment)
By Charmian Kok SINGAPORE, Feb 22 (Reuters) - CapitaLand
However, traders said the share price decline in Tuesday's morning session was in line with weakness in the broader market due to concerns about political risk in Libya and China's tightening policy. " On the residential side, the sales recognition for their China properties were a little slower although they sold quite a substantial number of units there," said Donald Chua, an analyst at CIMB Research, of Capitaland's result. " The main issue going forward is whether they will delay the launches of their Chinese properties given the weaker sentiment there." CapitaLand, about 40 percent owned by Singapore state investor Temasek [TEM.UL], said it plans to launch more homes and malls in Singapore and China.
" We target to build 10,000 to 15,000 homes a year over the next three to five years," Liew Mun Leong, President and CEO of CapitaLand said in a statement. It also plans to launch 1,700 homes in Singapore and about 4,000 in China, he added. " In 2011, CapitaMalls Asia targets to invest another S$2 billion in new shopping malls in Singapore, Malaysia and China, to augment our 91 shopping malls in Asia Pacific," Liew said. The company said it earned S$522.1 million ($409.3 million) net profit in the fourth quarter, 41 percent lower than S$885.7 million a year ago due to smaller one-off gains.
CapitaLand's net profit in the last three months of 2009 were boosted by the near $2 billion initial public offering of its shopping mall arm CapitaMalls Asia
Will search for a short position later on.. now need to concentrate on other counters... 
CapitaLand 4Q profit falls as one-time gains drop
CapitaLand, Southeast Asia’s biggest developer, said fourth-quarter profit declined 41% as the sale of shopping malls and serviced residences cut rental income, and one-time gains dropped.
Net income fell to $522.1 million, or 11.5 cents, in the three months ended Dec. 31 from $885.7 million, or 19.2 cents, a year earlier, the company said today in a statement to the Singapore stock exchange. Revenue climbed 37% to $1.1 billion. For the full year, profit increased 21% to $1.27 billion, exceeding the $834 million average estimate of 23 analysts surveyed by Bloomberg.
CapitaLand’s quarterly rental income declined after it sold four shopping malls and 28 serviced residence properties in the year, the company said in the statement. The developer booked a one-time gain of $223.4 million from its divestments in the fourth quarter, compared with $929.9 million a year earlier, when it spun off its retail property unit, CapitaMalls Asia.
“The results were exaggerated by revaluation and divestment gains,” said Donald Chua, a Singapore-based analyst at CIMB-GK Pte who has a “neutral” rating on CapitaLand shares. “Stripping those out, the core earnings weren’t fantastic as home sales in China and Singapore weren’t as fast as expected as sentiment has been weak. There’ll be some more pressure as the governments recently introduced rate hikes and other curbs.”
Singapore last month implemented new steps including limits on loans and raised sales taxes, while China suspended third mortgages and increased interest rates for the first time in three years.
The stock fell 1.5% to $3.31 as of 9 a.m. in Singapore, set for its lowest close since July 13, 2009.
‘Positive Outlook’
CapitaLand said it’s keeping a “positive outlook” on China and Singapore, its two biggest markets, even as governments in the region introduce fresh measures to damp the threat of asset bubbles caused by capital inflows and low interest rates. The company said today it plans to market 1,700 homes in Singapore and about 4,000 in China this year.
While the Singapore government’s new round of property cooling measures have “subdued the market and caused overall sentiment to dip,” CapitaLand said it expects earnings from Singapore home sales to “remain healthy.”
Private home prices in Singapore, CapitaLand’s biggest market by pretax earnings in the fourth quarter, climbed to a record in the three months as the nation’s fastest economic growth since independence in 1965 overwhelmed government measures to cool the market. The government said Feb. 14 it may take further steps to damp the property market if needed following last month’s curbs.
Singapore’s three-month interbank rate fell to 0.4375% yesterday, the lowest since Bloomberg began compiling the data in 1999.
In China, CapitaLand said it will look at acquiring new sites as it sees continued demand in the country even as the Chinese government moves to curb property speculation.
CapitaLand has proposed a final dividend of 6 cents, unchanged from a year earlier.
Damn... lost some profit.... it has been cut... All closed..
SINGAPORE, Feb 22 (Reuters) - CapitaLand
CapitaLand, about 40 percent owned by Singapore state investor Temasek [TEM.UL], earned S$522.1 million ($409.3 million) net profit in the three months ended December, down from S$885.7 million a year ago. The net profit was higher than the S$190.9 million average estimate of five analysts polled by Reuters.
CapitaLand's net profit in the last three months of 2009 were boosted by the near $2 billion initial public offering of its shopping mall arm CapitaMalls Asia
CapitaLand shares have fallen 9.4 percent since the start of the year on concerns efforts by China and Singapore to cool their housing market will hurt sales, underperforming the Straits Times Index's < .FTSTI> 3.7 percent loss.