CapitaLand's residential sales poised for a strong uplift this year

A one-time gain of $161m from The Nassim is expected in Q1.

Big-time developer CapitaLand continued to see strong momentum in its residential division in both Singapore and China, a report from DBS Group Vickers noted.

The report noted that in Singapore, the group the group has substantially sold most of its available development projects and will book a one-time gain of close to S$161m post the bulk-sale of The Nassim in 1Q17.

Meanwhile, its China sales momentum remains strong and the group will look to launch another 7,000 units in 2017. In addition, the CapitaLand has close to RMB8.9bn in unrecognised revenues which will be booked in 2017-2018.

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