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50% of the units that were already sold were for owner occupation, while the remaining 50% were for investment purposes.

It rose 2.8% from June's 78.8%.

SMWF Asia offers an in-depth insight into how brands and businesses across Asia are using channels like Facebook and Twitter to connect with their customers.

The developer outbid 14 others with its $185m offer.

The tender for the site will close at 12 noon on 13 September 2011.

CapitaLand China Holdings (Commercial), a subsidiary incorporated in Singapore, has been dormant since 2010.

The offshore services company secured a US$30mln contract to perform platform installation services for an oil major in South Asia.

And its revenue grew 2% to $1.4b, driven by strong sales in Food & Beverage.

And 37% of its $843m revenue came from overseas bus operations.

 Chip Eng Seng reported a year-on-year decrease of 14.2 per cent in its net profit for its second quarter to S$17.7 from S$20.7 million recorded during the same period last year.

City Developments reported a 17% rise quarterly earnings.

The acquisition was worth RMB531.7 million or approximately S$99.3 million.

Clerodendrum Land was the highest bidder with $185m.

The Committee received six applications and issued certificates based on integrity, good character and reputation.

Yet rising inflation in the group’s main markets and the strengthening of the Singapore Dollar against regional currencies seen to adversely affect its financial position.

The average value for deals with disclosed-values rose to an eleven-year high of $194m.