GuocoLand names new Singapore MD
Property developer GuocoLand will soon appoint a new Group Managing Director for Singapore.Margaret Goh (pictured), the current CEO for special projects at CapitaLand, will replace Trina Loh who has been with GuocoLand for the past 14 years. Goh will take charge of Tanjong Pagar Centre - a new...
Continue Reading • 14 Aug 2013
Foreign buyers snapping up Spanish homes
As a result of the economic crisis, Spain’s luxury property market is attracting wealthy foreign buyers on the lookout for quality homes that are being sold at a discount of almost 20 percent.Aside from its climate, foreign buyers are especially drawn to the country following a change in...
Continue Reading • 14 Aug 2013
Sustainable development starts at school
In a bid to promote a culture of sustainable development, Singapore’s Building and Construction Authority (BCA) started the BCA Greenovate Challenge – a competition featuring innovative green building solutions and involving secondary students.In his blog post, National Development...
Continue Reading • 14 Aug 2013
UOL's new projects launching soon
Property developer UOL is set to launch several new residential projects in the near future, revealed financial services firm Nomura. The first is a 445-unit development at Bright Hill Drive which is expected to launch in ‘a couple of weeks’. The St. Patrick’s Garden project...
Continue Reading • 14 Aug 2013
Hotel investments boost Banyan Tree's revenue
Resort developer Banyan Tree Holdings has grown its revenue in Q2 2013 on the back of strong contributions from its hotel assets. Revenue from hotel investments increased 17 percent to S$46.2 million in the quarter, boosting total revenue by three percent to S$81.7 million.During the same...
Continue Reading • 14 Aug 2013
Good response for Tembusu project
The Tembusu condominium project (pictured) in Kovan has received strong interest from buyers, with over 200 units sold as of yesterday, media reports said.Developed by Wing Tai Holdings, the 337-unit development commenced sales yesterday, two weeks after the showflat was opened for VVIPs and...
Continue Reading • 14 Aug 2013
Koh Brothers a Singapore Prestige Brand winner
Property group Koh Brothers was today awarded the Singapore Prestige Brand Award under the Heritage Brands category.Established in 2002 by the Association of Small and Medium Enterprises (ASME) and Lianhe Zaobao, the award honours local brands that are developed and managed effectively through...
Continue Reading • 13 Aug 2013
Ho Bee's profit slumps 64% in Q2
Property developer Ho Bee Group’s net profit for the second quarter fell 64 percent to S$26.2 million from a year ago, according to media reports.During the same period, revenue plunged 95.8 percent to S$6.1 million on sluggish new home sales and marginal revenue recognition from previously...
Continue Reading • 13 Aug 2013
Majority of over-borrowers are wealthy: MAS
The finances of households in Singapore are generally in good shape that even those who over-borrowed are unlikely to default on their loans even if interest rates rise, said Lawrence Wong, a director on the board of the Monetary Authority of Singapore (MAS).In Parliament yesterday, Wong...
Continue Reading • 13 Aug 2013
Singapore-based Hyflux to develop Sichuan project
A subsidiary of Hyflux has secured an agreement to develop a project in China’s Sichuan province.The Hejiang Fobao Yulanshan Mountain Wetlands project is expected to become a world-class ecological and environmentally-friendly development comprising residential, recreational, commercial and...
Continue Reading • 13 Aug 2013
KSH posts strong profit, revenue growth
Property and construction group KSH Holdings saw its first quarter net profit after tax soar 157 percent to S$11.5 million for the three months to 30 June. Revenue was up 50.9 percent to S$83.3 million in the same period.Its construction business posted a 49.6 percent growth in revenue to S$71.7...
Continue Reading • 13 Aug 2013
Prime London home prices dip in June
Seven of London's eight priciest districts saw a decline in housing prices during the month of June as the number of homes bought with cash also fell, media reports said. Data from property consultancy Acadametrics revealed that the largest fall was seen in London's financial district at...
Continue Reading • 12 Aug 2013
UOL Q2 net profit jumps 151%
Property firm UOL reported a 151 percent surge in net profit to S$431.4 million in Q2 2013, as fair value gains on its investment properties soared 386 percent to S$400.3 million.Group revenue increased two percent to S$304.3 million on higher contributions from hotel operations, property...
Continue Reading • 12 Aug 2013
CDL to push out 580 new homes
Property group City Developments Limited (CDL) is expected to launch approximately 580 new housing units as well as 28 lots for retail units in the third quarter comprising the Lush Acres EC (pictured) and Tai Thong Crescent development, noted DBS. As for its hospitality division,...
Continue Reading • 12 Aug 2013
S'pore boosts economic growth forecast
Singapore’s economic growth forecast for 2013 has been revised to between 2.5 and 3.5 percent, from one to three percent previously. In his National Day message, Prime Minister Lee Hsien Loong said: “We have made steady progress this past year...Our economy is holding steady amidst...
Continue Reading • 12 Aug 2013
Sales gallery for Kensington Square now open
Kensington Village, a joint venture company between Fragrance Group and World Class Land, has opened the sales gallery for Kensington Square (pictured), a new mixed development at the junction of Upper Paya Lebar Road and Jalan Lokam.The freehold project comprises 141 residential units ranging...
Continue Reading • 12 Aug 2013
More ERA acquisitions likely in region: Northstar
Private equity firm Northstar has revealed plans to acquire the regional franchise rights to real estate giant ERA Realty Network following its buyout of the Singapore franchise rights from Hersing Corporation.PropertyGuru reported on Monday that ERA Singapore franchise rights had been sold to...
Continue Reading • 12 Aug 2013
Strong appetite for Malaysia property
Properties across the causeway continue to appeal to buyers and investors in Singapore, on the back of higher housing prices as well as market cooling measures in the city-state.At PropertyGuru’s Malaysia Property Show (MPS) held in Singapore on 13 and 14 July, over 2,000 prospective buyers...
Continue Reading • 12 Aug 2013
Wheelock Properties reports $14.2m Q2 profit
Wheelock Properties (Singapore) saw net profit fall 70.7 percent to S$14.2 million in Q2 2013, while revenue also plunged 71.3 percent to S$33.5 million.Based on the progress of construction, revenue realised from sales at luxury condominium project Ardmore Three (pictured) was significantly...
Continue Reading • 7 Aug 2013
Koh Brothers revenue up 74% in first half
Property group Koh Brothers reported a record net profit of S$8.1 million in 1H2013, its highest since 2008. Gross profit was also up by 30 percent to S$26.7 million in the period, while revenue grew 74 percent to S$190.6 million on higher contributions from its real estate business. “We...
Continue Reading • 7 Aug 2013