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Capitaland
14-11-2014, 07:35 AM.
Post: #121
RE: Capitaland
http://www.businesstimes.com.sg/real-est...ts-in-asia

CapitaLand targets new integrated projects in Asia
Of 12 such developments, half will be in China and the rest could be in Singapore, M'sia, Vietnam and Indonesia

By
Lynette Khoolynkhoo@sph.com.sg@LynetteKhooBT
14 Nov5:50 AM
WITH more recurring income to be derived from a major pipeline of assets turning operational in the next few years, CapitaLand is looking to pump the cash into new projects, including 12 integrated developments across Asia over the next three to four years.

Of the 12 targeted integrated developments, half would be in China, while the rest could be in Singapore, Malaysia, Vietnam and Indonesia, said the largest listed property developer in South-east Asia.

The first of these mixed-use projects is Capital Tower Shanghai. The necessary approvals have been obtained and construction will begin early next year, said group chief executive officer Lim Ming Yan. When completed in 2016-2017, this project will have a total gross floor area of 66,160 sq m comprising office, serviced residence and retail.

The group's search for opportunities beyond behemoth China has also found bright spots in Kuala Lumpur and Penang, Ho Chi Minh City and Jakarta. CapitaLand is already in Malaysia through its shopping malls and Vietnam via its residential and serviced residence businesses, where there are "initial positive returns".

"For the next three to four years, we will have a significant pipeline of projects that will turn operational that will strengthen the portfolio significantly," Mr Lim told The Business Times after the group's celebration of its 20th anniversary in Beijing.

Given some S$4 billion in cash and undrawn credit facilities and S$1.6 billion sitting in the special business units, the group has much capacity to snap up assets but it stressed that there is no need to rush.

"In the past couple of years, there were less experienced developers buying into these investment properties. At some point in time, they may decide to get out. That may be a better time for us to decide whether to get into some of these assets," Mr Lim said.

Lucas Loh, CEO of CapitaLand China, said the group is keen to work with local partners that have significant land bank in China. One of them is Shanghai Metro, the rapid transit company that owns some land plots along its metro lines in Shanghai.

CapitaLand is already in a 70-30 joint venture with Shanghai Metro to develop an integrated project on a site at Hanzhong Road in downtown Zhabei District in Shanghai, above an interchange station of three metro lines.

Mr Loh revealed that the group has also been approached by some city and district governments on the possibility of working on urban renewal projects together, after its first urban renewal project on Datansha Island with the Liwan District government in Guangzhou. Phase one of this project is likely to be ready for launch in the fourth quarter of next year.

"We are studying the possibility of these projects and in discussions on some of these projects," Mr Loh told analysts and the media in a briefing in Shanghai.

Competition for mixed-use sites in China is relatively lower and offer better margins than pure residential sites, he explained, adding that further liberalisation of China's capital market will drive greater demand for commercial properties.

CapitaLand is no stranger to mixed developments, having built four integrated Raffles City projects in Shanghai, Beijing, Chengdu and Ningbo.

Four other Raffles City projects in Hangzhou, Shenzhen, Chongqing and Changning are set to complete over the next three to four years, bringing the group's total stable of Raffles City projects in China to eight with a total value of S$12 billion on completion.

While there have long been talks in the market that the group may spin off its S$6 billion Raffles City China Fund - that holds five of the eight Raffles City projects - into a Reit, Mr Loh said the group is considering all options and has not ruled out the possibility. The fund will expire in 2018, so it is "still early days to decide on this", he said.

Unfazed by a slowdown in the Chinese economy, Mr Loh noted that the mega cities that fall within the group's five city clusters - Beijing/Tianjin, Shanghai/Hangzhou/Suzhou/Ningbo, Guangzhou/Shenzhen, Chengdu/Chongqing and Wuhan - will continue to ride the urbanisation wave.

CapitaLand is launching another 3,900 residential units in China in the next three months from its current land bank, on the view that the Chinese residential market will pick up next year.

So far, the group has seen an 81 per cent take-up for units launched in China. CapitaLand is aided by a focus on the first-time home buyers and upgraders in key cities, as well as its 70-30 exposure to tier one and tier two/three cities, Mr Loh added.

But CapitaLand is looking to improve its return on equity by using modularisation to shorten the time-to-market for residential properties to nine months - from acquiring the site to launching the project - except in Chinese cities where the building structures have to be completed before the launch.

The group's ability to weather the cyclical residential market has showed up in its financial performance, thanks to having three quarters of its portfolio in investment properties.

Its net profit for the third quarter ended Sept 30 and first nine months inched up 1.3 per cent to S$129.98 million and 7.7 per cent to S$751.5 million; separately, its serviced residence arm Ascott announced this week that it has crossed its target of 12,000 units in China ahead of 2015, and is now on track to reach 20,000 units in China by 2020.

In Singapore, breakeven prices at its Bishan condominium projects Sky Habitat and Sky Vue are still significantly below average selling prices even after discounts are offered, according to CapitaLand Singapore CEO Wen Khai Meng, who recently took over the residential portfolio.

The first extension fees will kick in for Urban Resort Condominium in March and The Interlace in September, where there are 22 units and 175 unsold units respectively as of Sept 30.

Projects in Singapore that will turn operational in the next few years include mixed-use Project Jewel at Changi and CapitaGreen office in Singapore.

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18-11-2014, 07:44 AM.
Post: #122
RE: Capitaland
http://infopub.sgx.com/FileOpen/CL_NewsR...eID=324942

CapitaLand inks joint venture for
its first integrated development in Indonesia
 The integrated development comprising office, residential, serviced
residence and supporting retail components will sit on a 1-hectare site
located in a prime area in Central Jakarta
 The joint venture is part of CapitaLand’s Pan-Asian strategy

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06-12-2014, 08:18 AM.
Post: #123
RE: Capitaland
http://www.businesstimes.com.sg/governme...-its-jewel

Changi Airport kicks off ground-breaking for its Jewel
Mixed-use development aims to take the airport beyond being a gateway for flights to being a destination unto itself

By
Nisha Ramchandaninishar@sph.com.sg @Nisha_BT
INDOOR WATERFALL: At the heart of Jewel will be a 40m high waterfall, which will morph into a special-effects show by night.
6 Dec5:50 AM
Singapore

WORK has started on the mixed-used development at Changi Airport designed to turn the airport into a world-class attraction that will draw travellers and Singaporeans alike.

Jewel, as it has been named, is part of a plan to cement Changi's position as an air hub by boosting Singapore's lure as a stopover point, even as other airports in the region beef up their infrastructure to snag a bigger piece of the travel pie.

At the same time, Changi's Terminal 1 (T1) is being expanded to overcome capacity constraints.

Encased in a glass-and-steel dome, Jewel will house 22,000 square metres of lush greenery spread out over five storeys, in a nod to Singapore's reputation as a garden city. Sited in the 3.5 ha carpark fronting T1, it will link the airport's three existing terminals and enable travellers and visitors to traverse the terminals on foot.

At the centre of the 134,000 sq m complex will be a 40m high indoor waterfall, which will morph into a special-effects show by night. To dial up the fun, a 13,000 sq m space named Canopy Park will feature walking trails, playgrounds and adjacent food-and-beverage options.

Changi Airport Group (CAG) chief executive and chairman of Jewel Changi Airport Development (JCAD) Lee Seow Hiang said: "Faced with intensifying competition, we challenged ourselves to rethink what an airport could be - not just as a gateway for flights, but a tourism destination on its own."

A joint venture between CAG (51 per cent) and CapitaLand's shopping-mall arm CapitaMalls Asia (49 per cent), Jewel is set to open by end-2018.

The total development cost for Project Jewel has worked out to S$1.7 billion after finalising the concept and factoring in costs associated with the current tight labour market; the initial estimate a year ago had been S$1.47 billion.

The project was designed by a team helmed by famed Israel-born architect Moshe Safdie, who designed the Marina Bay Sands integrated resort.

He said: "We thought the attraction must be timeless. It should be inspirational and uplifting. It should attract passengers and citizens, and should make Changi a cohesive, unified place."

In terms of airport facilities, Jewel will have early check-in services and lounges for fly-cruise and fly-coach passengers. Ticketing, boarding passes and baggage transfers will be handled at the airport itself, which means greater convenience for those getting off a flight and connecting onward onto a coach, cruise or ferry.

On the retail side, there will be some 300 stores offering local and international brands, both new-to-market and established, which will present unique concepts. The chief executive of JCAD, Philip Yim, said that talks are underway with about 100 retailers.

Boutique hotel group YOTEL will run a 130-room hotel there.

Meanwhile, T1's expansion comes in response to capacity constraints following the rapid growth in the last decade, which had been fuelled in part by low-cost carriers.

More than 90 per cent of travellers at T1 today are origin-destination passengers, who require more space for baggage claims as well as drop-off and pick-up bays.

In the past, the proportion of passengers for whom Singapore was a final destination was 70 per cent; when T1 was built in 1981, it largely catered to Singapore Airlines' passengers, 30 per cent of whom were transfer passengers.

With the overhaul in T1, its arrival baggage claim hall will nearly double to 19,000 sq m. It will also be kitted with a new coach stand, additional departure drop-off kerb and more taxi pick-up bays.

Its "meeters and greeters" arrival hall will be expanded by 35 per cent to 8,500 sq m. Collectively, this will take T1's annual handling capacity to 24 million passengers, up by about three million.

And as part of the transition to automated services against the backdrop of a tight labour market, T1 will offer 110 new self-service check-in kiosks and 60 self-service bag drop counters, along with two additional check-in rows.

The terminal's carpark will be tucked underground; the number of spaces will be roughly tripled from the 850 in T1's (now shuttered) open air car-park.

But even as Changi works on Jewel and the upcoming Terminal 4 - the latter is slated to open in 2017 - plans are already being drawn up for Terminal 5 by the mid-2020s, which will boost Changi's overall handling capacity to 135 million per year by then.

Changi will also switch to a three-runway system from 2020 from the existing two to help ease congestion.

Speaking at Jewel's ground-breaking ceremony on Friday, Transport Minister Lui Tuck Yew said: "Apart from increasing the capacity of Changi Airport through Terminals 4 and 5 to meet growing demand, and keeping Changi cost-effective for airlines and passengers, we must differentiate Changi from other airports by ensuring the highest, impeccable standards of service, and making it an attractive destination in and of itself."

Commenting on the new developments, Jetstar Asia chief Bara Pasupathi said that the enhancements will improve service to the region's savvy travellers.

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23-01-2015, 07:59 PM.
Post: #124
RE: Capitaland
The fresh funds flow from Kepland privatisation of up to $4.60 may likely to transfer to other property counters as proxy. Mid-cap to blue chips counters are likely to benefit. Capitaland being the closest proxy...

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24-01-2015, 09:33 AM.
Post: #125
RE: Capitaland
(23-01-2015, 07:59 PM)crabcrab Wrote: The fresh funds flow from Kepland privatisation of up to $4.60 may likely to transfer to other property counters as proxy. Mid-cap to blue chips counters are likely to benefit. Capitaland being the closest proxy...
Looks like already happening, both LKH and weehur quietly moved up a bit past week.

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25-06-2015, 07:28 AM.
Post: #126
RE: Capitaland
Capland only got service residences and China property assets to go asset light...

Only mgt to eked out gains of $27.7m on proceeds of $372.9m which is hardly much to such a big group...

http://infopub.sgx.com/FileOpen/Divsetme...eID=357349

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15-07-2015, 12:15 AM. (This post was last modified: 15-07-2015, 12:16 AM by greengiraffe.)
Post: #127
RE: Capitaland
http://infopub.sgx.com/FileOpen/CLAnnc_D...eID=360176

$30m net profit from divestment of Bedok Mall... peanuts it seems

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15-07-2015, 10:43 AM.
Post: #128
RE: Capitaland
(15-07-2015, 12:15 AM)greengiraffe Wrote: http://infopub.sgx.com/FileOpen/CLAnnc_D...eID=360176

$30m net profit from divestment of Bedok Mall... peanuts it seems
One peanut alone by itself may not amount to much, but when all the peanuts are accounted for, it can be a substantive amount at the end of the day. The new CEO has achieved quite a fair bit since taking over. Capitaland is a big tanker, it takes time for it to change course and for the efforts to bear fruit. Give the man some time to prove his worth. Personally i think he is doing ok and steering the ship reasonably well considering the turbulent environment. Confused

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15-07-2015, 12:18 PM.
Post: #129
RE: Capitaland
In terms of asset light strategy, their largest pipeline appears to with Ascott.

China is the other main one.

I dunno but with so little in the pipeline, it is little wonder why they are so quiet and so unlike the Capitaland in the mid 2000s...

Not Confident With GLCs
GG

(15-07-2015, 10:43 AM)MINX Wrote:
(15-07-2015, 12:15 AM)greengiraffe Wrote: http://infopub.sgx.com/FileOpen/CLAnnc_D...eID=360176

$30m net profit from divestment of Bedok Mall... peanuts it seems
One peanut alone by itself may not amount to much, but when all the peanuts are accounted for, it can be a substantive amount at the end of the day. The new CEO has achieved quite a fair bit since taking over. Capitaland is a big tanker, it takes time for it to change course and for the efforts to bear fruit. Give the man some time to prove his worth. Personally i think he is doing ok and steering the ship reasonably well considering the turbulent environment. Confused

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03-08-2015, 10:38 AM.
Post: #130
RE: Capitaland
Airbnb is operating in China, as far as I know. It seems the Tujia has an edge over the Airbnb in China...

CapitaLand invests over $122 mil in online apartment sharing platform, forms technology council

SINGAPORE (Aug 3): CapitaLand Limited’s wholly owned serviced residence business unit, The Ascott Limited, is leading a consortium to invest US$50 million ($67.69 million) in Tujia.com International.

Tujia, dubbed the Chinese equivalent of home-rental website Airbnb, is the fastest and largest growing online apartment sharing platform in China.

The collaboration is part of the initiatives under CapitaLand’s newly formed Technology Council, which aims to drive its real estate business through stronger digital offerings.
...
http://www.theedgemarkets.com/sg/article...gy-council
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