Here's what boosted CapitaLand's $1.3b sales in Singapore

d’Leedon sealed 481 units.

According to Phillip Securities Research, CapitaLand started the year with strong performance in its two core markets – Singapore and China despite mounting pressures to rein in rising home prices in both countries.

It noted that bulk of the strong sales in Singapore was attributed to d’Leedon with 481 units sold, out of the 544 units in the quarter. Total $1.3bn sales were recorded in the quarter, compared to $88mn in 1Q12 and $1.3bn in 2012.

Here's more:

The group is targeting to launch two sites in 2H13 – Marine Point (~120 units) and Bishan St 14 (~700 units).

We believe the strong sales achievements over the past several quarters have laid strong foundation for revenue recognition in the next 2 years.

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