{"id":102056,"date":"2018-12-06T11:31:08","date_gmt":"2018-12-06T04:31:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitalands-earnings-forecasted-to-rise-by-19-in-2018-2020\/"},"modified":"2018-12-06T23:04:24","modified_gmt":"2018-12-06T16:04:24","slug":"capitalands-earnings-forecasted-to-rise-by-19-in-2018-2020","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitalands-earnings-forecasted-to-rise-by-19-in-2018-2020\/","title":{"rendered":"Capitaland\u2019s earnings forecasted to rise by 19% in 2018-2020"},"content":{"rendered":"


\nLa Botanica in Xi\u2019an is one of CapitaLand\u2019s latest residential developments in China. (Photo: CapitaLand)
\nUOB 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 Jewel Changi Airport, reported Singapore Business Review.
\nBased on the property developer\u2019s latest financial results, its earnings increased by 13.6 percent year-on-year to $362.22 million in Q3 2018 due to gains from asset recycling, as well as contributions from investment properties acquired in Singapore, China and Germany.
\nThe fourth quarter of 2018 is also viewed as a good time for CapitaLand as it\u2019s expected to deliver more than 7,000 residential units in China with a combined value of $3.17 billion, of which $1.28 billion will be recognised.
\nAs for the company\u2019s investment properties, Capitaland\u2019s 41.7 percent owned Raffles City China Investment Partners III has formed a 50:50 joint venture with Singapore sovereign wealth fund GIC to acquire Shanghai\u2019s tallest twin towers for $2.54 billion.
\nThe development comprises two 50-storey Grade A office towers standing on top of a seven-storey shopping mall. Excluding parking space, the project has a total gross floor area (GFA) of 312,717 sq m.
\n\u201cManagement expects physical completion and office space in Q2 2019 and the launch of retail space between Q2 and Q3 2019,\u201d said the analysts. \u201cWe estimate a net profit income (NPI) yield of 2.0 percent to 3.0 percent during the ramp up phase from H2 2019 to 2020 onwards, before trending to approximately 4.0 percent from 2021.\u201d
\nIn addition, Capitaland\u2019s net profit is poised to benefit from the strong leasing pre-commitment of around 90 percent for Jewel Changi Airport\u2019s retail spaces.
\nTargeted to open by early-2019, the mixed-use 10-storey project sits on a 3.5ha site with a GFA of 137,100 sq m. These consist of a hotel (5,600 sq m), retail premises (90,000 sq m), indoor gardens and attractions (22,000 sq m), plus airport operations facilities (19,500 sq m).
\n\u201cFor the retail component, our channel checks suggest that the tenant mix will be geared towards affordable and accessible luxury segments to prevent repetition of tenants from other terminals,\u201d noted analysts, adding that average signing rents are at about $20 to $30 psf per month.
\nOverall, the integrated project will house over 280 businesses, of which more than 30 percent are F&B outlets. Among the notable tenants are Nike, Tiger Beer, Pokemon, design retailer Naiise, gallery store Supermama and artisanal chocolatier Laderach.
\n\u00a0
\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 earnings forecasted to rise by 19% in 2018-2020<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

La Botanica in Xi\u2019an is one of CapitaLand\u2019s latest residential developments in China. (Photo: CapitaLand)...<\/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-102056","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-qy4","jetpack-related-posts":[{"id":118120,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-profit-drops-89-in-1h-2020\/","url_meta":{"origin":102056,"position":0},"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":44316,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitalands-q4-earnings-surged-by-73-8\/","url_meta":{"origin":102056,"position":1},"title":"CapitaLand\u2019s Q4 earnings surged by 73.8%","date":"February 16, 2017","format":false,"excerpt":"\r Artist\u2019s impression of D1MENSION, a new residential project being developed by CapitaLand in Vietnam. Source: CapitaLand CapitaLand\u2019s net profit soared 73.8 percent year-on-year to S$430.5 million in the fourth quarter of 2016 due to better operating performance, leading to an 11.7 percent increase in the full-year figure to S$1.19\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101029,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitalands-home-sales-in-china-hit-2bil-yuan\/","url_meta":{"origin":102056,"position":2},"title":"CapitaLand\u2019s home sales in China hit 2bil yuan","date":"November 8, 2018","format":false,"excerpt":"\r La Botanica in Xi\u2019an is one of four residential developments launched in \u201cGolden September Silver October\u201d season. (Photo: CapitaLand) CapitaLand 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101234,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitalands-net-profit-rose-13-6-in-q3\/","url_meta":{"origin":102056,"position":3},"title":"CapitaLand\u2019s net profit rose 13.6% in Q3","date":"November 14, 2018","format":false,"excerpt":"\r View of The Nassim condominium project. CapitaLand\u2019s net profit for the third quarter of 2018 rose 13.6 percent to $362.2 million from $206.3 million in Q3 2017, on account of higher operating profit and gains from asset recycling. Operating profit for Q3 2018 increased 13.3 percent to $233.7 million,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":33711,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-q3-net-profit-up-28-to-247-5-million\/","url_meta":{"origin":102056,"position":4},"title":"CapitaLand Q3 net profit up 28% to $247.5 million","date":"November 10, 2016","format":false,"excerpt":"\r Earnings grew on higher contributions from its residential business in China and Singapore. (Photo: CapitaLand) Property developer CapitaLand posted a total net profit of $247.5 million in the third quarter of 2016, up 28.4 percent from $192.7 million in the previous year, on the back of better operating performance.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97018,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-buys-landed-housing-site-in-vietnam-for-s81-4mil\/","url_meta":{"origin":102056,"position":5},"title":"CapitaLand buys landed housing site in Vietnam for S$81.4mil","date":"August 31, 2018","format":false,"excerpt":"\r CapitaLand is buying a prime site in Ho Chi Minh City for VND1,380 billion (approx. S$81.4 million), with the 60,000 sq m land parcel expected to contain over 100 landed housing when the development is completed by 2021. This marks the Singapore-listed property developer\u2019s third acquisition in August 2018\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\/102056"}],"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=102056"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102056\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}