Market bottoming out, says CapitaLand

CapitaLand Ltd detects signs that Singapore’s residential property market is “bottoming out” after a run of price declines, says chief executive officer Lim Ming Yan. Many investors were seeing Singapore as relatively more attractive than Hong Kong, London or Australian cities, said Lim, who is also president of the firm, told Bloomberg TV. Extra liquidity was a factor in higher transaction volumes and slower price declines in recent months, he said.