SC Global’s net profit rises 117%
SC Global Developments has reported a net profit of $11.47 million for Q2 2008, an increase of 117 per cent compared to $5.28 million for the corresponding period a year ago. Revenue for the quarter was $32.4 million, marginally lower compared to $34 million in Q2 2007. This was attributed to revenue recognition from residential … Read more
Koh Brothers sees H1 earnings dive to $0.5m
PROPERTY and construction company Koh Brothers on Wednesday said that net profit for its first half ended June 30, 2008 dove to S$528,000 – from S$30.2 million a year ago – as it saw lower sales and smaller revaluation gains from its investment properties. Revenue declined 14.0 per cent to S$118.2 million, from S$137.1 million … Read more
Haw Par’s Q2 profit down 16%
Singapore-listed Haw Par Corporation has posted a 16 per cent fall in net profit for the second quarter ended June 30, 2008, to S$44.4 million, due partly to lower investment income. Turnover rose 3.3 per cent to S$30.1 million due to higher sales from healthcare and property divisions, partially offset by lower sales from the … Read more
A view to thrill
Buyers are willing to pay premiums of up to 10% for properties that come with good views WHAT do home buyers look for in their dream home? No doubt, it is a combination of an affordable price, the perfect location and other sought-after attributes. But if there is one factor that often makes or breaks … Read more
SC Global to launch Martin No 38
SC GLOBAL will launch Martin No 38 next month at an average price close to $2,000 per square foot. The company said in a statement yesterday that the 91-unit development in Martin Road, near Mohammed Sultan Road and Clarke Quay, will mostly comprise one-plus-one bedroom and two-bedroom apartments ranging from 969-1,130 sq ft. There will … Read more
SC Global offers NY-warehouse living at Martin Rd
SC GLOBAL is introducing New York-style warehouse living to Martin Road – a first for Singapore – with prices that will be set above the market average. Like warehouse lofts in Lower Manhattan, the flats will feature high ceilings and seamless interior spaces that can be separated at will, using walls that slide and hide … Read more
New SC Global building may have car showroom
A high-end car showroom could very well open its doors in the unlikely Newton area by year-end if SC Global Developments Ltd’s plans zoom off. The upmarket property developer has been marketing the ground floor of its soon-to-be-completed Newton 200 office building as being suitable for showcasing an exclusive make of automobiles. ‘Newton 200, with … Read more
UOL Q2 profit dives as fair-value gains fall
Its listed subsidiary Hotel Plaza posts 5% rise in net profit to $16.3m UOL Group’s second-quarter net profit fell 49 per cent to $145 million, from $286.3 million a year ago, as the property group saw lower fair-value gains from its investment properties. Revenue for the three months ended June 30, 2008 rose 4 per … Read more
Collective sales destroy feeling of belonging
I REFER to Monday’s article “Hope for owners fighting en bloc”. I am a staunch “stayer” in a condo which has tried to go en bloc many times. There is a saying by Confucius: To have harmony in the nation, there must be harmony at home. Home, to many of us, is one of the … Read more
Without architecture, we cannot remember
THIS National Day, Kit Chan’s 1998 song, Home, seems relevant as ever. “This is Home, surely, as my senses tell me,” she croons. My senses don’t seem to agree. The primary school I studied in just six years ago has been razed; my secondary school’s hall, stadium and (most importantly) canteen, I can no longer … Read more
