Lim was speaking after the developer said net income fell 38% to $267.7 million in the three months ended Dec. 31 after finishing fewer homes to sell in China.
SINGAPORE (Feb 13): Singapore housing prices may rise as much as 10% this year, following a pickup in home sales, the chief executive officer of Southeast Asia’s biggest developer said.
“Transaction volume has gone up and usually that’s a precursor to some price increase,” Lim Ming Yan, the president and CEO of CapitaLand said in an interview in Singapore. “A 5%-to-10% increase is possible this year barring any unforeseen major volatility in the capital markets.”
