Real Estate

China’s crackdown on housing speculation levels the playing field: CapitaLand

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Easy credit is becoming less available in China’s real estate market, but CapitaLand Group’s Andrew Lim says fiscally prudent firms could stand to benefit.

“In the current climate where other companies may be more fiscally challenged without access to credit, we’re now in the position to sort of level the playing field,” Lim, CapitaLand’s group chief financial officer, told CNBC’s “Squawk Box Asia” on Tuesday. “We’re certainly seeing those opportunities emerge and are sort of looking at how we can best take advantage of that.”

China is a significant market for CapitaLand and makes up about 40% of the Singapore-headquartered real estate giant’s portfolio, according to its latest business…



Source cnbc.com

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