Wheelock’s Q3 net profit falls 39%
Wheelock Properties on Friday said net profit for the third quarter of this year fell 39 per cent to S$132.67 million compared to a year ago. Revenue was up 21 per cent at S$229.53 million. The increase in revenue was mainly due to the commencement of revenue recognition in respect of units sold in Scotts … Read more
Companies keen to add office space in Asia: survey
Many multinational firms are keen to take up more commercial space in Asia next year despite the ongoing financial crisis and slowing economic growth, a survey by Jones Lang Lasalle (JLL) showed on Friday. JLL, one of the world’s largest real estate service firms, said a recent survey of 28 multinational firms that have large … Read more
UIC’s Q3 net profit up 90%
United Industrial Corporation Limited (UIC) reported on Friday net profit growth of 90 per cent to S$48.30 million compared to a year ago. Revenue climbed 56 per cent to S$212.24 million due mainly to higher sale of properties held for sale, higher rental income and higher revenue from Pan Pacific Singapore hotel operations. In view … Read more
Second Chance an undiscovered property play
ONE of the more interesting corporate developments over the past few weeks may have gone unnoticed by most investors – an offer to listed retail-cum-property group Second Chance Properties (SCP) to buy the company’s entire property portfolio. While some companies might have jumped at the chance of a large cash windfall (something all shareholders would … Read more
SingLand’s Q3 net profit up 32%
Singapore Land on Friday reported net profit for the third quarter of this year rose 32 per cent to S$39.84 million compared to a year ago. Revenue was up 25 per cent at S$89.69 million with higher rental income and higher revenue from the Pan Pacific Singapore hotel operations. Share of results of associated companies … Read more
F&N’s FY08 net profit plus exceptionals up 15%
Fraser and Neave Limited said on Friday net profit for the fiscal year ended September 30, 2008 rose 15 per cent to S$435.83 million. This included the fair value gain of investment properties and exceptional items. If these are excluded, the net profit would have been maintained at the same level as the previous … Read more
Rochelle at Newton
A 99-year leasehold condominium located in District 11, Keng Lee Road, off Newton Circus. There will be a tower block with unimpeded views of the City. This development is close to Newton and Novena MRT Station, popular local cuisines at Newton Circus and Orchard Road shopping belt are within close proximity. It is close to … Read more
Condo launch goes ahead despite gloom
Developer to roll out Woodlands project on back of solid soft launch A DEVELOPER is rolling out a rare condominium launch in Woodlands this weekend – optimistic that lower-than-planned prices will draw buyers, despite the gloomy market conditions. EL Development is launching the 99-year leasehold, 200-unit Rosewood Suites at $580 per sq ft (psf) on … Read more
River Valley condo Luma relaunches with prices halved
Units going for $1,450 psf, down from $2,800 psf at launch last year THE big property sale has begun – although, in this case, it could reflect the situation of the developer rather than the state of the market. Prices have been slashed by half at Luma, a 75-unit freehold luxury condominium at River Valley … Read more
Higher-end HDB market may be cooling
No rush for condo-style Bishan flats as market sentiment turns sober THE higher end of the public housing market is showing its first signs of cooling, with the Housing Board’s latest condo-style flats receiving a lacklustre response. With only one day left to the closing of applications, Natura Loft at Bishan has drawn about 600 … Read more
