CapitaLand's China home projects to dodge latest property curbs

But yes, overall sales will dip.

According to Maybank Kim Eng, Since CapitaLand reported its FY12 results, residential property policy concerns in both Singapore and China have affected its market value. 

While CapitaLand’s sales in China are likely to decelerate following a good 2H12, Maybank says that the recent pullback offers an attractive entry-level for investors with a medium-term view. 

Here's more from Maybank Kim Eng:

With new home prices in China showing stronger-than-expected appreciation in January, the government is widely expected to introduce more measures in the coming months to rein in prices.

We believe that such measures, when implemented, may decelerate home sales, but unlikely to materially impact CapitaLand’s profitability on their China residential projects.

In addition, its retail business under CapitaMalls Asia (CMA SP) is gathering momentum, and is likely to underpin the medium term growth for CapitaLand in China.