Bedok and Bishan key to CapitaLand over next six months: Analysts

CapitaLand may have only sold 67 units in 3Q2011 at The Interlance, d’Leedon and Urban resorts, down from 271 units in 1H2011, so must make up ground with new launches in the heartlands.

Analysts from OCBC note that the slowdown in CapitaLand’s Singapore sales, which amounted to just $150 million in the last quarter compared to $585 million in the first half, will have to be made up for with new launches in these outlying districts over the next six months.

According to Kim Eng Securities, next quarter will see Capitaland launch the 583 unit 'Bedok Residences' development, which should sell for around $1300 psf with a beakeven of $1,206 psf. Next year will see it launch a new project in the first quarter in Bishan.