{"id":44316,"date":"2017-02-16T14:00:21","date_gmt":"2017-02-16T07:00:21","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitalands-q4-earnings-surged-by-73-8\/"},"modified":"2017-02-16T14:48:45","modified_gmt":"2017-02-16T07:48:45","slug":"capitalands-q4-earnings-surged-by-73-8","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitalands-q4-earnings-surged-by-73-8\/","title":{"rendered":"CapitaLand\u2019s Q4 earnings surged by 73.8%"},"content":{"rendered":"


\nArtist\u2019s impression of D1MENSION, a new residential project being developed by CapitaLand in Vietnam. Source: CapitaLand
\nCapitaLand\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 billion.
\nOn an annual basis, the company\u2019s revenue rose 6.5 percent to S$1.85 billion during Q4 2016, resulting in a 10.3 percent gain in its gross income for the whole year to S$5.25 billion. This was driven by developments in Singapore and China, the commercial portfolio here, and the serviced residence business.
\n\u201cCapitaLand achieved creditable financial performance in 2016 despite a challenging environment,\u201d said its President and Group CEO Lim Ming Yan.
\nIn 2016, the developer sold a record total of 12,789 housing units. Specifically, it found buyers for 571 residential units in Singapore with a combined value of nearly S$1.42 billion. This is up significantly from the 244 homes valued at S$559 million that were sold in 2015.
\nIt also achieved a second straight year of record residential sales in China, with 10,738 units moved at an overall value of RMB18.1 billion, surpassing the 9,402 flats sold at a total of RMB15.4 billion in 2015.
\nIn Vietnam, a total of 1,480 homes were sold to buyers amounting to S$282.1 million, versus the 1,321 units sold at a combined value of S$226.5 million during the previous year.
\n\u201cSingapore and China continue to be CapitaLand\u2019s core markets, while we scale up in markets such as Vietnam. In China, we have over 8,000 launch-ready units and expect to hand over 6,000 units in FY 2017,\u201d noted Lim.
\nFurthermore, the developer expects to complete and start operating a record one million sq m of retail gross floor area in 2017, consisting of five shopping malls and the retail components of the three Raffles City projects in China.
\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 Q4 earnings surged by 73.8%<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of D1MENSION, a new residential project being developed by CapitaLand in Vietnam. Source:...<\/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-44316","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-bwM","jetpack-related-posts":[{"id":104235,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitalands-q4-net-profit-soars-71-to-475-7m\/","url_meta":{"origin":44316,"position":0},"title":"CapitaLand\u2019s Q4 net profit soars 71% to $475.7m","date":"February 21, 2019","format":false,"excerpt":"\r The developer does not expect home prices to rebound quickly after new property cooling measures were introduced in July. Singapore\u2019s largest developer CapitaLand saw its net profit jump 71 percent year-on-year to $475.7 million during the fourth quarter of 2018, while revenue rose 34 percent year-on-year to $1.62 billion.\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":44316,"position":1},"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":119955,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-listed-among-worlds-most-sustainable-corporations\/","url_meta":{"origin":44316,"position":2},"title":"CapitaLand listed among world\u2019s most sustainable corporations","date":"January 26, 2021","format":false,"excerpt":"\r CapitaLand listed among world\u2019s most sustainable corporationsRanked 58th in the Global 100 Most Sustainable Corporations in the World index by Corporate Knights, this is CapitaLand\u2019s ninth time on the list, jumping five places\u00a0from the previous year. Image: CapitaLand CapitaLand on Monday announced that it has been included in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/Raffles-City-Chongqing1367.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":118120,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-profit-drops-89-in-1h-2020\/","url_meta":{"origin":44316,"position":3},"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":116715,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-obtains-500-million-sustainability-linked-bilateral-loan-from-uob\/","url_meta":{"origin":44316,"position":4},"title":"CapitaLand obtains $500 million sustainability-linked bilateral loan from UOB","date":"May 28, 2020","format":false,"excerpt":"\r The loan is regarded to be the largest sustainability-linked bilateral loan in the real estate sector of Singapore. Photo: CapitaLand CapitaLand has secured a $500 million sustainability-linked loan from United Overseas Bank (UOB). The loan is regarded to be the largest sustainability-linked bilateral loan in the real estate sector\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":44316,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/44316"}],"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=44316"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/44316\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=44316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=44316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=44316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}