CapitaLand CEO:Singapore Home Prices Will Be Adjusted
SINGAPORE (Dow Jones)--CapitaLand Ltd. (C31.SG) could consider acquiring some distressed real estate companies in Asia, including China and Australia, its chief executive told CNBC Friday.
"We will look at not just distressed assets, but we may look at distressed companies," Chief Executive Liew Mun Leong told CNBC in an interview, citing Singapore, China, Japan and Australia.
On Singapore, Liew said residential property prices "will have to be adjusted down. As to how much it will go down, it depends on how bad the recession is."
Liew said while the residential market will continue to slow down, the office market should remain robust for the next two years because of continuing demand and low supply.
The CEO also said given its capital position, CapitaLand can hold off selling properties until the market reaches some level of stabilization.
Singapore's private residential property prices fell in the third quarter for the first time in more than four years, according to preliminary government figures.
史功
主要是商业房产，明年retail的形势很严峻！
当然对于我们将是一个全新的shopping experience