31 Oct '13, 7am

#SG #GlobalREBubble #CondoBubble 'CapitaLand's Revenue Soars To $1.05 Billion' via @SGPropertyGuru

Property developer CapitaLand saw its group revenue increase 52.5 percent year-on-year to S$1.05 billion during the quarter ended 30 September 2013, on the back of higher revenue contribution from CapitaLand Singapore, CapitaLand China and CapitaMalls Asia, as well as higher sales from development projects in Vietnam and Australia. The group’s profit after tax and minority interests (PATMI) fell 8.7 percent to S$135.5 million in Q3, while operating PATMI climbed 13.4 percent to S$101.8 million. For year-to-date September, operating PATMI and PATMI rose 32.8 percent and 5.9 percent to S$343.1 million and S$706.9 million respectively. Revenue for CapitaLand Singapore was up 4.1 percent in Q3, while rising 23.9 percent in YTD September. Growth was attributed to stronger contribution from Sky Habitat, Bedok Residences and Urban Resort Condominium, as well as higher fund and pr...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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