CapitaLand slated to launch Marine Parade, Coronation Road projects

14,000 homes in China also ready for launch.

According to DBS, in Singapore, CapitaLand has slated to launch new developments in Marine Parade and a landed project at Coronation Road as well as the unsold units from earlier projects. It also has an unsold inventory of 3200 units and another 14,000 homes in China that are ready for launch.

Here's more:

Apart from the above, plans to manage finance cost, currently at c.4%, as well as recycling mature non-core assets are on the cards. With the paring down of its stake in Australand and subsequent deconsolidation, the group’s gearing stands at 34% with an average debt maturity of 3.6 years.

This puts the group in a strong position to look for new investment opportunities, especially in its core markets.