Southeast Asia's largest developer CapitaLand posted on Friday a 26 percent fall in third quarter net profit on lower sales but said it was well positioned to ride out the current global economic uncertainties.

The Singapore firm said it had S$4.2 billion in cash while its net debt-to-equity ratio stood at a healthy 0.51, giving it the ability to buy assets on the cheap when opportunities arose, chief executive Liew Mun Leong said in a statement.

CapitaLand, which is 40 percent held by Singapore sovereign fund Temasek earned S$419.4 million ($283 million) in July-September compared with S$563.9 million a year ago when earnings were boosted by asset sales and revaluation gains.