{"id":79850,"date":"2018-02-14T11:39:39","date_gmt":"2018-02-14T04:39:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-prices-could-increase-by-10-this-year-says-capitaland-ceo\/"},"modified":"2018-02-14T12:03:12","modified_gmt":"2018-02-14T05:03:12","slug":"home-prices-could-increase-by-10-this-year-says-capitaland-ceo","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-prices-could-increase-by-10-this-year-says-capitaland-ceo\/","title":{"rendered":"Home prices could increase by 10% this year, says CapitaLand CEO"},"content":{"rendered":"


\nRising sales and prices indicate an end to the four-year slump for Singapore\u2019s housing market.
\nCapitaLand CEO Lim Ming Yan expects home prices in Singapore to increase by as much as 10 percent this year \u2013 a view which is in line with other forecasts, reported Bloomberg.
\nAnalysts at Credit Suisse Group AG expect home prices to rise by up to 10 percent this year, while OCBC Investment Research and Morgan Stanley expect an increase of up to eight percent.
\nSEE ALSO: Pearlbank Apartments sold to CapitaLand for $728m
\n\u201cTransaction volume has gone up and usually that\u2019s a precursor to some price increase,\u201d Lim said in an interview. \u201cA five to 10 percent increase is possible this year barring any unforeseen major volatility in the capital markets.\u201d
\nRising home sales and prices reinforces signs of an end to a four-year housing slump. The market rebound saw developers aggressively bid for land.
\nWhile CapitaLand has kept a safe distance from the bidding war, it acquired the iconic Pearlbank Apartments for $728 million, with plans to redevelop it into an 800-unit residential complex.
\n\u201cWe continue to look for opportunities in Singapore but we feel the kind of bidding, the price, is too aggressive for us,\u201d noted Lim. \u201cWe bid in a very disciplined manner.\u201d
\nThe property developer\u2019s net income dropped 38 percent to $267.7 million during the last quarter of 2017 after completing fewer homes to sell in China.
\nDespite this, CapitaLand shares rose two percent to $3.54 in Singapore, the biggest increase since 5 October, after the company increased its full-year dividend by 20 percent.
\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…Home prices could increase by 10% this year, says CapitaLand CEO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rising sales and prices indicate an end to the four-year slump for Singapore\u2019s housing market....<\/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-79850","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-kLU","jetpack-related-posts":[{"id":86932,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-net-profit-down-18-8-on-absence-of-one-off-gain\/","url_meta":{"origin":79850,"position":0},"title":"CapitaLand net profit down 18.8% on absence of one-off gain","date":"May 2, 2018","format":false,"excerpt":"\r Net profit fell due to the absence of a $160.9 million gain from the sale of The Nassim a year ago. CapitaLand\u2019s net profit for the first quarter of 2018 fell 18.8 percent to $319.1 million, primarily due to the absence of a $160.9 million gain from the sale\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":79850,"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":95645,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-result-is-very-good-says-capitaland-ceo\/","url_meta":{"origin":79850,"position":2},"title":"'The result is very good,' says CapitaLand CEO","date":"August 8, 2018","format":false,"excerpt":"\r Lim Ming Yan of CapitaLand also discusses how the recent property cooling measures announced by the Singapore government could present opportunities for the group.\r \r Source : cnbc.com\r Read more...'The result is very good,' says CapitaLand CEO","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57024,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-on-lookout-for-properties-beyond-sg-china-ceo\/","url_meta":{"origin":79850,"position":3},"title":"CapitaLand on lookout for properties beyond SG, China: CEO","date":"June 6, 2017","format":false,"excerpt":"\r Lim Ming Yan, group CEO of CapitaLand, says the company made acquisitions in Japan due to its developed capital market and sufficient liquidity.\r \r Source : cnbc.com\r Read more...CapitaLand on lookout for properties beyond SG, China: CEO","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109712,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/theres-a-lot-of-resilience-in-the-chinese-economy-capitaland-ceo\/","url_meta":{"origin":79850,"position":4},"title":"There's a lot of resilience in the Chinese economy: CapitaLand CEO","date":"August 7, 2019","format":false,"excerpt":"\r Andrew Lim of CapitaLand Group says it is \"very likely\" that Chinese authorities will launch more economic stimulus and the real estate industry may benefit from that.\r \r Source : cnbc.com\r Read more...There's a lot of resilience in the Chinese economy: CapitaLand CEO","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51442,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-announces-privileges-for-national-servicemen\/","url_meta":{"origin":79850,"position":5},"title":"CapitaLand announces privileges for national servicemen","date":"April 10, 2017","format":false,"excerpt":"\r National Servicemen can enjoy exclusive benefits across various CapitaLand properties in Singapore, including ION Orchard. (Photo: CapitaLand)\u00a0 To celebrate 50 years of National Service (NS) in Singapore, members of the armed forces are entitled to $500,000 worth of exclusive benefits at more than 30 CapitaLand properties across the country.\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\/79850"}],"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=79850"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/79850\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=79850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=79850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=79850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}