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Has Capitaland grown too big and need to move down market to mass markets and build affordable homes, a market segment that generate lower profit margins?
Bottom line can grow but in terms of percentage, profitability may lose out to more niche market developers
niuyear ( Date: 06-Oct-2010 10:25) Posted:
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starlene ( Date: 14-Oct-2010 18:11) Posted:
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CAPITALAND is looking to tap the burgeoning housing markets of China and Vietnam with a new business unit supplying affordable homes to the growing urban populations of both countries.
Group president and chief executive (CEO) of CapitaLand, Mr Liew Mun Leong, disclosed on Wednesday during the company's second quarter results briefing that between $300 million and $500 million was being allocated for the unit that is expected to build up to 50,000 affordable homes a year.
It will cater to a segment with 'real and non-speculative demand and lower market risks', Mr Liew said. The dedicated business group will have 'a different business culture and mindset'.
'Construction technology, pre-fabrication, industrial production and cost mangement, all these (will consist of) a separate group of people with a separate branding,' he added.
CapitaLand believes its strong track record of more than 15 years in both countries gives it the edge, and will allow it to broaden its appeal into affordable housing alongside its established mid- to high-end focus.
Mr Liew said that already some sites had been identified in Vietnam, with only the negotiation process left
Short.... Sure no regret later on....
It seem that from the chart of Capital land, there is a inverted head and shoulder formed
I feel that if the price managed to break out from the neckline successfully, the potential target price for this stock could be $5.584
see my detailed report on Captial Land
Look, how much Temasek earned .
4 aug 2010
CapitaLand Q2 profit up
CAPITALAND, South-east Asia's largest developer, reported a better-than-expected second quarter profit on Wednesday, helped by higher valuations of its properties and stronger apartment sales in Singapore.
CapitaLand, 39 per cent held by Singapore state investor Temasek, earned $476 million in the three months ended June, rebounding from a $156.9 million loss a year ago when the firm was hurt by writedowns and revaluation of property assets.
Its second quarter earnings were well above the $166 million average estimate of four analysts polled by Reuters. -- REUTERS
CapitaLand Investor Day 2010
Anyone got the confirmation?
pharoah88 ( Date: 05-Oct-2010 14:50) Posted:
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Retail real estate sluggish: DTZ
SINGAPORE
Average prime rental rates along Orchard Road and Scotts Road remained unchanged in the third quarter, the firm said.
For the third straight quarter, gross rents of prime first-storey space in the area stayed at $39.70 per square foot per month.
Rents in other areas in the city continued to decline. Prime first storey rents in these areas fell by 0.8 per cent to $24.10 per square foot per month.
Monthly gross rents of prime first-storey retail space in the suburban malls, meanwhile, were unchanged at $33.60 per square foot per month.
DTZ said the new supply of retail space last year led to a competitive environment, which did not support any increase in rentals.
Some 1.3 million sq ft of new retail space became available last year.
Other than the newly-completed and pipeline supply that have put a lid on rentals, the two new integrated resorts also had an impact, DTZ said.
The integrated resorts siphoned off some demand for shopping as more people spend time and money at the casinos instead of at the malls, it noted.
But with a robust economic recovery taking place, DTZ said retail rents should increase gradually next year as the new supply is eventually absorbed.
Done... closed... Tmr will be continue again...
Isolator ( Date: 28-Sep-2010 16:54) Posted:
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