Demand for and prices of public housing flats expected to stay resilient
The demand for and prices of public housing flats are expected to remain fairly resilient despite the economic downturn. And market watchers have said this applies to both resale and new units. Close to 9,000 people have visited the Natura Loft showflat since it was launched for sale on October 31. Its developer Qingjian Realty … Read more
CapitaLand has not held talks with Las Vegas Sands over Marina IR
Property developer CapitaLand said it has not held any talks with Las Vegas Sands over the integrated resort at Marina Bay. The comment follows market talk that CapitaLand may step in to take a stake in the resort, given financial difficulties at Sands. In its statement, CapitaLand said it is watching the current global environment … Read more
HPL’s Q3 net profit falls, outlook challenging
Hotel Properties Limited (HPL) said on Monday that net profit for the third quarter ended September 30, 2008 fell to S$13.37 million from S$15.19 million. Revenue however rose to S$157.03 million from S$110.40 million. HPL said the higher income from The Met condominium development in Thailand as well as stronger contributions from the group’s hotels … Read more
Orchard Parade’s net profit up 36% to S$36m for 9 mths ended Sept
Property group Orchard Parade Holdings posted a 36.3 per cent increase in net profit to S$36 million for the nine months ended September as compared to last year. The improved performance was attributed to the group’s hotel business which saw higher room rates. The company also saw lowered costs and improved contributions from associated companies. … Read more
Ventura Heights at Astrid Hill
Nestled on an elevated site on Astrid Hill, at the edge of the Good Class Bungalow Area, Ventura Heights’ prestigious location is hard to beat. A location that is treasured, regardless of market conditions, and a great place to live. Good schools such as Henry Park Primary, Nanyang Primary and the Hwa Chong Institution are … Read more
Orchard Parade Q3 net profit surges 94%
Orchard Parade Holdings Limited on Monday said net profit for the third quarter ended September 30, 2008 surged 94 per cent to S$14.73 million on improved operations. Revenue rose 17.2 per cent to S$19.22 million due to better average room rates. The company intends to continue to drive sales of its units in Floridian, a … Read more
Lum Chang’s Q1 net profit falls 55%
Lum Chang Holdings Limited on Monday reported net profit for its fiscal first quarter ended September 30, 2008 fell 55 per cent from a year ago to S$837,000. Revenue fell 36 p er cent to S$35.08 million. Source : Business Times – 10 Nov 2008
Dubai World eyes Russia investments despite crisis
Government-owned investor Dubai World said on Monday it was looking at port, logistics and urban development investments in Russia, and was not slowing any of its projects due to the global financial crisis. Dubai World Secretary-General Farid Ahmed told reporters that Limitless, a real estate development arm of the company, was building 150,000 homes in … Read more
CapitaLand may offload a chunk of properties
Four pieces of industrial assets in Singapore are believed to be coming to the market following a shift in the group’s strategy PROPERTY giant CapitaLand is understood to be looking to sell its portfolio of four industrial properties in Singapore. The assets are said to be worth more than $300 million and comprise Kallang Bahru … Read more
Marina IR will go on: MM Lee
THE US$4.5 billion Marina Bay Sands integrated resort project in Singapore will go on, said Minister Mentor Lee Kuan Yew. This comes on the back of growing concerns that the casino project could be in jeopardy after the parent company said last week it was looking at a capital raising. ‘The Sands integrated resort is … Read more
