Singapore thrives on mixed developments

Property giant CapitaLand will focus on mixed-use developments to capitalize on what it sees as the increasing popularity of projects combining homes and commercial outlets.

The firm recently said in a statement that it believed demand for new homes and offices "will remain positive" due to a resilient economy and projected population growth. "With a streamlined organizational structure and robust balance sheet, CapitaLand is well-positioned to capitalize on new growth opportunities," noted Lim Ming Yan, Group CEO.

The group will be focusing on integrated and mixed developments; the ones in Singapore, China, Vietnam and Australia and its malls have generated increased revenue, but the cost of sales rose at a faster rate because the project costs of units sold in the quarter were relatively higher.