{"id":101029,"date":"2018-11-08T11:40:53","date_gmt":"2018-11-08T04:40:53","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitalands-home-sales-in-china-hit-2bil-yuan\/"},"modified":"2018-11-08T12:02:45","modified_gmt":"2018-11-08T05:02:45","slug":"capitalands-home-sales-in-china-hit-2bil-yuan","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitalands-home-sales-in-china-hit-2bil-yuan\/","title":{"rendered":"CapitaLand\u2019s home sales in China hit 2bil yuan"},"content":{"rendered":"


\nLa Botanica in Xi\u2019an is one of four residential developments launched in \u201cGolden September Silver October\u201d season. (Photo: CapitaLand)
\nCapitaLand held four residential launches in China over the past month, in which it sold a total of 1,506 units worth 2 billion yuan ($396.7 million) \u2013 marking the company\u2019s highest home sales value in the country over a 30-day period this year.
\nIn an SGX filing, CapitaLand revealed that its successful launches coincided with \u2018Golden September Silver October\u2019, a traditional high season for new home sales in China.
\nMore: CapitaLand Gets $300m Sustainability-Linked Loan
\nIn fact, the company sold out all 388 units at Parc Botanica in Chengdu for 332 million yuan. It moved 97 percent of 535 units at La Botanica in Xi\u2019an for 585 million yuan, and about 90 percent of 372 units at Lakeside in Wuhan for 322 million yuan.
\nOver 90 percent of 324 units at The Metropolis in Kunshan was also sold for 758 million yuan.
\nMeanwhile, CapitaLand noted that its pipeline of 2,000 launch-ready residential units will be released according to market conditions. It also acquired three prime sites in Guangzhou and Chongqing between June and August this year, adding 3,400 units to its pipeline of housing units under development.
\n\u201cThe sustained interest in our residential developments can be attributed to CapitaLand\u2019s strong brand recognition, high build quality, good property locations and astute marketing strategies,\u201d said Lucas Loh, president (China & Investment Management) at CapitaLand Group.
\n\u201cCapitaLand will remain disciplined in our investment approach to build a sustainable residential pipeline in China, while ensuring an optimal mix between trading and investment properties that will deliver sustainable value to shareholders. Amidst market headwinds, our land banking strategy, extensive network of partnerships and robust financial position will put CapitaLand in good stead to continue benefitting from China\u2019s growth.\u201d
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…CapitaLand\u2019s home sales in China hit 2bil yuan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

La Botanica in Xi\u2019an is one of four residential developments launched in \u201cGolden September Silver...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-101029","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qhv","jetpack-related-posts":[{"id":95643,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-revenue-up-35-3-on-higher-residential-sales-in-china\/","url_meta":{"origin":101029,"position":0},"title":"CapitaLand revenue up 35.3% on higher residential sales in China","date":"August 8, 2018","format":false,"excerpt":"\r CapitaLand is one of the largest property companies in Asia. CapitaLand\u2019s revenue surged 35.3 percent year-on-year to $1.34 billion in Q2 2018, while net profit increased 4.4 percent to $605.5 million, according to an SGX filing on Wednesday (8 Aug). The strong growth in revenue is attributed to higher\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118120,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-profit-drops-89-in-1h-2020\/","url_meta":{"origin":101029,"position":1},"title":"CapitaLand profit drops 89% in 1H 2020","date":"August 7, 2020","format":false,"excerpt":"\r With COVID-19 pandemic adversely affecting its financial performance, CapitaLand Limited\u2019s profit after tax and minority interest (PATMI) plunged 89%, to $96.6 million in the first half of 2020 from $875.4 million over the same period last year. Operating PATMI also declined 27.7% year-on-year to $261.2 million.\u00a0 In an SGX\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71242,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-profit-up-28-1-in-q3\/","url_meta":{"origin":101029,"position":2},"title":"CapitaLand profit up 28.1% in Q3","date":"November 8, 2017","format":false,"excerpt":"\r Funan Mall redevelopment that cost $560m, targeted to be completed in Q4 of 2019. (Photo: Capitaland) CapitaLand saw its net profit for the third quarter of 2017 increase 28.1 percent to $317 million from $247.5 million over the same period last year. It attributed the hike primarily to fair\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102056,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitalands-earnings-forecasted-to-rise-by-19-in-2018-2020\/","url_meta":{"origin":101029,"position":3},"title":"Capitaland\u2019s earnings forecasted to rise by 19% in 2018-2020","date":"December 6, 2018","format":false,"excerpt":"\r La Botanica in Xi\u2019an is one of CapitaLand\u2019s latest residential developments in China. (Photo: CapitaLand) UOB KayHian analysts expect Capitaland\u2019s net profit to grow by about 19 percent in 2018 to 2020 on the back of robust residential sales in China, offshore property purchases and the highly-anticipated opening of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96045,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-clinches-two-prime-residential-sites-in-guangzhou-china\/","url_meta":{"origin":101029,"position":4},"title":"CapitaLand clinches two prime residential sites in Guangzhou, China","date":"August 15, 2018","format":false,"excerpt":"\r \u00a0CapitaLand is confident that the newly awarded residential sites in Guangzhou\u2019s Zengcheng District will achieve synergies with the ongoing Datansha Urban Redevelopment project (pictured) in the city\u2019s Liwan District, which is being developed into residential and commercial projects over phases. (Credit: CapitaLand) CapitaLand has claimed two of Guangzhou\u2019s prime\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-laden-conglomerate-hna-sells-space-in-shanghai-tower-to-singapores-capitaland-for-us400-million\/","url_meta":{"origin":101029,"position":5},"title":"Debt-laden conglomerate HNA sells space in Shanghai tower to Singapore\u2019s CapitaLand for US$400 million","date":"January 7, 2019","format":false,"excerpt":"\r The Chinese debt-laden aviation-to-finance conglomerate HNA Group has sold 70 per cent of space in a Shanghai office building to Singapore property giant CapitaLand for 2.75 billion yuan (US$400.5 million), CapitaLand said on Monday. After the transaction, the latest divestment move by HNA, CapitaLand and a joint venture partner\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/101029"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=101029"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/101029\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=101029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=101029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=101029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}