CapitaLand

CapitaLand: CEO, Liew Mun Leong, said China remains under-urbanised, and there are lots of opportunities to expand its residential and shopping malls there. Believes China's booming domestic economy will spur demand for some 12,000 new malls in the coming years, from the current 2,500.
He notes that China already has a bigger allocation of CapitaLand’s assets (China 38% vs Spore’s 34%), overseeing >50 malls in more than 30 cities like Beijing and Shanghai.

Apart from building malls, CapitaLand also plans to get a bigger slice of the low-cost housing market.
Its strategy is to offer homes on mortgage at 40% of household income.
While sales volume and home prices have declined in China, Liew remains unperturbed, saying that the cooling measures are part of the regulatory process.
As a long-term investor, he prefers a more stable property market rather than one full of speculators.

With regard to Singapore, Liew said while the high-end property market has been impacted by the Additional Buyer's Stamp Duty (ABSD), CapitaLand will not be quick to jump into the mass market segment. It would nevertheless consider, should there be a mass market site with a fairly reasonable price.

But for now, CapitaLand's sight is set on growing its business in China.