Liew Mun Leong, Chief Executive Officer at the Singapore-based developer said most buyers for their residential projects are home buyers. "I have not seen excessive investment in the real estate sector so far. Prices have gone up beyond 2008, 2007, but are still lower than pre-Asian crisis so there is still room to creep up."
CapitaLand, which had been looking to use its cash to acquire distressed assets in China in March this year, said the real estate recovery made the search more difficult.
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