By Kevin Lim & Daryl Loo (The Edge)

SINGAPORE: CapitaLand, Southeast 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$4.4 billion (RM10.06 billion) cash pile for expansion in countries such as India and China.

The company also warned 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.

(more…)