capitalandSingapore based property developer CapitaLand is considering an opportunity to expand in Vietnam, Malaysia and Indonesia as headwinds are seeming to affect the property market.

However, Singapore and China will stay on the company core markets and it will go on to seek the best opportunities to established its presence in the 2 countries, group chief executive of CapitaLand, Mr Lim Ming Yan stated. 

CapitaLand plans to stay on acquiring for well located sites in Singapore to construct its residential development.

In financial statement for Q2 2015, CapitaLand announced that the number of units sold in Singapore residential property between April and June down 77% from 161 units in second quarter of 2014 to 37 in second quarter of 2015.

Despite this decline in home sales, CapitaLand noticed its second quarter net profit rose 5.8% from a year ago to $464 million, mainly due to gains of fair-value from 2 properties in China.

China and Singapore attributed for 79.6% total revenue of CapitaLand last quarter, a climbed from 72.9% last year.

CapitaLand’s signature developments in Singapore Property include the iconic homes like Sky Habitat, The Interlace and d’Leedon.