Property prices set for continued growth
This year’s Hungry Ghost Festival, which is celebrated on the seventh month of the Chinese lunar calendar, comes at a time when the global economy is also slowing. Traditionally, it means a quieter property market as investors and developers lie low during what they perceive to be an inauspicious occasion. The Singapore property market is … Read more
Second state property in Changi offered for hotel use
A SECOND state property, which is part of a former military camp in Hendon Road, in Changi, is put up for public tender on Monday for dedicated hotel use. The site has a land area of 9,666 square metres, slightly larger than a football field with a gross floor area (GFA) of 5,097 square metres. … Read more
Ho Bee net profit falls 70% in Q2
Ho Bee Group said on Monday its net profit for the second quarter ended June 30, 2008 fell 70.4 per cent to $36.96 million compared to $125.1 million a year ago. Revenue for the quarter of registered a 27 per cent decrease over the corresponding period last year, down from $160 million to $116.8 million. … Read more
BBR’s Q2 net profit surges 356%
Construction-related BBR Holdings (S) Ltd said on Monday that its net profit for the second quarter ended June 30, 2008 surged 355.7 per cent to $2.04 million on back of higher sales recognition. Revenue for the quarter rose 2.63 per cent to $91.66 million. Earnings per share stood at 0.23 cents compared to 0.08 cents … Read more
Orchard Parade net profit slumps 66%
Orchard Parade Holding said on Monday that net profit fell 66.3 per cent to S$4.62 million for its fiscal second quarter. Revenue was down 6.4 per cent to S$18 million for the three months ended 30 June 2008. Source : Business Times – 11 Aug 2008
Former Changi Military Camp offered for development as hotel
The former Changi Military Camp at Hendon Road has been offered for development as a hotel. This is the second state property that has been put up for hotel use. The first state property that has been converted for hotel use is No. 175A Chin Swee Road. It is now a boutique business hotel called … Read more
Private home prices starting to dip
IT IS a bit like the dog that didn’t bark in the night: Economic growth is slowing, shares are crashing and property sales have slowed, yet private home prices have refused to take the hint and fall. Indeed, they have barely budged since the slowdown began about nine months ago, despite conventional wisdom saying they … Read more
Hope for owners fighting en bloc
A website with information on the laws and processes in collective sales is aimed at helping minority owners THE name of the website – www.hope4stayers.com – says it all. It is a forum for, and set up by, people who are worried about losing their homes in a collective sale. Its opening words are a … Read more
En bloc tussles take nasty turn as market cools
NAME calling: check. Anonymous letters: check. Scratched cars and damaged property: check. Residents of an East Coast condominium are now entering the next phase of what has become an especially fractious en bloc sale: finger-pointing. At a Laguna Park meeting last Saturday, residents against the collective sale squared off against those in favour. They each … Read more
Property fee guidelines: Praise for Competition Commission
I READ with gladness that at last the Competition Commission of Singapore has decided that the guidelines adopted by the Institute of Estate Agents are uncompetitive and must go (‘Property fee guidelines must go, ways watchdog’). For too long, estate agents acting in Housing Board sale and purchase transactions have called the shots and demanded … Read more
