Tuesday, September 9, 2008

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Singapore Property Investment: Capitaland's risk of residential sites bought in 2007 peak price

Citigroup cuts Capitaland's target price from $5.47 to $3.90 based on a 20% discount from net asset value, citing the risk of Capitaland having to make provisions for its Singapore residential sites, several of which were bought during the property peak price of 2007.

Capitaland has also sold several of its assets in China and Malaysia recently. At the end of Aug 2008, Capitaland has sold 30% stake in Invergin whose principal asset is a 50-story building in Kuala Lumpur. Last week, Capitaland sold its Chinese Office property, Capitaland Tower in Bejing.

May also want to read:
History of Singapore Property 1960 to 2008
Buy or Not Buy: How to decide amid mixed market signals
When to Buy, When Not to by
Property Price Index Graph Plotter & Online Property Valuation
Your Property Investment Determines Your Financial Success in Your Life
HDB Resales: West Sees Highest Price Increase

Related article:
Brokers' Take - Business Time: Brokers' Take - 06 Sep 2008


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