SINGAPORE: CapitaLand, South-East Asia’s largest developer, reported a surprise 49% jump in quarterly earnings on strong home sales, and said it plans to dig into its S$4.4bil cash pile for expansion in countries such as India and China.
The company also warned that the year ahead could be rough going as investors and would-be home buyers shy away from property purchases amid volatile financial markets and expectations of a global economic slowdown.
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