CapitaLand, KepLand likely to benefit from Beijing's rate cut
The Singapore developers stand to gain from their exposure to the Chinese residential market
Singapore
TWO Singapore developers CapitaLand and Keppel Land are touted by analysts as potential beneficiaries of Beijing's latest lending rate cut, given their exposure to the Chinese residential market.
A targeted relaxation of mortgage rates and home purchase restrictions in China this year, coupled with the lowering of interest rates, could make housing more affordable and boost buyer sentiment ahead, analysts reckon.
TRENDING NOW
Indonesia sacks Finance Minister Purbaya, replaces him with deputy Suahasil
‘Low hire, low fire’ labour market: Britain’s boomers cling to jobs as young get locked out
Singapore plays premium data centre game as Johor, Batam take on scale
CapitaLand Investment’s retrenchments: Mind the downsides of a profitable business laying off staff
