Mar­ket bot­tom­ing out, says Cap­i­taLand

New Straits Times - - Business -

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.

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