Singapore

Developers’ sales volume is expected to dip sharply to the 500 to 800-unit range in January and February 2011 as market players re-assess their position following the harsh set of cooling measures announced on 13 January 2011.

Sembawang Shipyard also secured three major upgrading contracts worth S$92 mln, including an LNG carrier longevity project.

The property developer's 3.7% YoY revenue jump was offset by higher operating expenses and an enlarged property portfolio.

Interest rate amid high liquidity and robust economic growth bolster property sales to 4, 313 units for 4Q10, offsetting the effects of the government’s cooling regulations.

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PropNex believes the record-breaking 1,699 private homes transactions recorded during the Christmas season might have urged the government to announce further cooling measures this month.

CapitaLand is supportive of the government's measures to ensure prices rise at sustainable levels, in line with economic fundamentals, CapitaLand said.