CapitaLand's Singapore sales took a 24% dive to 681 units

It still targets to gain 8-10% market share.

According to CIMB, unit sales in 2012 fell from 844 units in FY11 to 681 units in FY12. Recent incentive schemes introduced at D’Leedon and The Interlace have helped to push sales up with 395 units sold YTD. 

This comes at the expense of margins, which we estimate have been squeezed to single digit levels. While management aspires to achieve 8-10% of total market share in Singapore residential, it concedes that the latest cooling measures will have an adverse effect on sentiment and volume.

Here's more from CIMB:

Singapore residential remains a core segment for the group but management is likely to be selective in future landbanking. For 2013, projects due to be handed over are Urban Suites (100% sold), Urban Resort (42% sold) and The Interlace (71% sold).

Units due for launch in 2013 include the remaining units at The Interlace, D’Leedon and Sky Habitat, and new projects in Marine Point and Bishan St 14.