{"id":68736,"date":"2017-10-11T11:48:29","date_gmt":"2017-10-11T04:48:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-stops-sale-at-two-condo-projects\/"},"modified":"2017-10-11T12:03:36","modified_gmt":"2017-10-11T05:03:36","slug":"capitaland-stops-sale-at-two-condo-projects","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-stops-sale-at-two-condo-projects\/","title":{"rendered":"CapitaLand stops sale at two condo projects"},"content":{"rendered":"


\nA view of Sky Habitat, a 99-year leasehold development situated at the heart of Bishan district 20. (Photo:Google maps)
\nWith the property market expected to improve further next year, CapitaLand has joined other developers that have stopped selling units in their projects, reported Channel News Asia.
\nCapitaLand has halted sales for Sky Habitat and Marine Blue, which had 99 and 53 unsold units, respectively, as at 31 July.
\nProperty agents said the developer stopped sales at the 124-unit Marine Blue two weeks ago and at 509-unit Sky Habitat a week later.
\nOther developers that have postponed selling units at projects launched earlier this year include Lendlease and Qingjian Realty.
\nLendlease has stopped sales at Park Place Residences, with plans to launch the next phase of sales in 2018.
\n\u201cThe potential for long-term asset appreciation is very attractive and thus we believe that the future launch will better reflect the value that Park Place Residences offers,\u201d said a Lendlease spokesperson in response to queries on whether the company will offer the remaining units at a higher price.
\nQingjian Realty has stopped making new units available at Le Quest, which was launched in August.
\nGuocoland, on the other hand, has revealed plans to scale back sales of Martin Modern.
\nInternational Property Advisor\u2019s CEO Ku Swee Yong said developers either freeze sales or cut back on the number of units offered for sale as they plan to launch the housing units during a market recovery, with the prices revised upwards.
\nHe noted that developers \u201cmay be adopting this strategy in order to smooth out their cash flow\u201d for the future since they may not be able to replenish their landbank via en bloc sales and government land sales processes in time to launch new projects.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…CapitaLand stops sale at two condo projects<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A view of Sky Habitat, a 99-year leasehold development situated at the heart of Bishan...<\/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-68736","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-hSE","jetpack-related-posts":[{"id":24857,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-celebrates-completion-of-sky-vue\/","url_meta":{"origin":68736,"position":0},"title":"CapitaLand celebrates completion of Sky Vue","date":"September 4, 2016","format":false,"excerpt":"\r Home buyers of Sky Vue posing for a photo at the completion party. (Photo: CapitaLand) Some 1,800 home buyers and their guests turned up at a celebration party on Saturday (3 September) to mark the completion of Sky Vue in Bishan Central. The event was jointly hosted by the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75429,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/top-10-stories-of-2017\/","url_meta":{"origin":68736,"position":1},"title":"Top 10 stories of 2017","date":"December 29, 2017","format":false,"excerpt":"\r Singapore\u2019s real estate market has turned a new leaf, and with 2017 nearing its end, we take another look at the ten most read stories on PropertyGuru this year. \u00a0 Real estate experts revealed in March that the expected interest rate hikes by the US Federal Reserve this year\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95643,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-revenue-up-35-3-on-higher-residential-sales-in-china\/","url_meta":{"origin":68736,"position":2},"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":54399,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-tap-vr-tech-to-market-projects\/","url_meta":{"origin":68736,"position":3},"title":"Developers tap VR tech to market projects","date":"May 11, 2017","format":false,"excerpt":"\r Artist\u2019s impression of Paya Lebar Quarter by Lendlease. Property developers are making use of virtual reality (VR) technology to assist them in marketing their new projects, reported Channel NewsAsia. For instance, Australian developer Lendlease is utilising a three-dimensional modelling platform to showcase the upcoming Paya Lebar Quarter to potential\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-to-launch-remaining-units-at-marine-blue\/","url_meta":{"origin":68736,"position":4},"title":"CapitaLand to launch remaining units at Marine Blue","date":"March 14, 2017","format":false,"excerpt":"\r Photo of one of the pool terraces at Marine Blue. Image source: CapitaLand CapitaLand plans to officially launch the remaining units at Marine Blue this Saturday (18 March). The freehold residential project obtained its TOP late last year. Situated along Marine Parade Road in District 15, the upscale development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55357,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-to-launch-star-buy-units-at-victoria-park-villas-from-3-85m\/","url_meta":{"origin":68736,"position":5},"title":"CapitaLand to launch \u2018star buy\u2019 units at Victoria Park Villas from $3.85m","date":"May 19, 2017","format":false,"excerpt":"\r View of one of the semi-detached garden villas at Victoria Park Villas. (Photo: CapitaLand) The showflat of Victoria Park Villas, a luxury landed housing project in District 10, is reopening this weekend amid more positive market sentiment. Home builder CapitaLand is launching 31 semi-detached units, also known as garden\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\/68736"}],"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=68736"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/68736\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=68736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=68736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=68736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}