Residential Property
August likely to be inauspicious for home developers-- and not just because it’s Ghost Month
August likely to be inauspicious for home developers-- and not just because it’s Ghost Month
More than superstition, the rating downgrade of US debt and the EU’s continuing credit woes show that now is not the best time to buy houses.
Private home sales volume surges 40% in July
And guess which are the top four projects accounting for about 41% of the total number of units sold.
Clerodendrum Land gets Upper Serangoon Road / Pheng Geck Avenue (Parcel A) site
The developer outbid 14 others with its $185m offer.
Income ceiling hike within market expectations
Income ceiling increased from S$8,000 to S$10,000 for BTO flats and from S$10,000 to S$12,000 for executive condos.
More flats to curtail interest in Singapore’s cautious property market
7,000 more rental flats and 25,000 BTO flats will be available in two years.
Chip Eng Seng’s Q2 net profit down by 14%
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...
CityDev 2nd quarter net income up, expects momentum to continue
City Developments reported a 17% rise quarterly earnings.
City Developments’ profit rises 17% to S$220.9m in 2Q11
CDL sold 809 residential units at a total value of S$794m in 1H11.
Upper Serangoon Road / Pheng Geck Avenue (Parcel A) site gets 15 bids
Clerodendrum Land was the highest bidder with $185m.
Park Residences at Kovan more than 60% sold in less than a month
Only 14 out of 41 units are left since it was launched mid July even if a smallest one-bedder of just 323 sft in size now sells at $1,600 psf or up...
Buyer boom: 319 units in Blossom Residences sold in a month
In its initial launch alone, 150 units were snapped up.
UIC’s revenue plunges 54% to S$235.7m
While its net profit rose 23% to S$136.7 million.
SingLand's revenue jumps 21% to S$173.7m
CIMB says new sales and higher recognition of The Trizon boosted profit.
CapitaLand eyes more investment in Singapore
CapitaLand expects to invest more than S$6 billion or $4.95 billion this year, mainly in Singapore.
CapitaLand’s S$399m net profit within analyst’s expectations
Net income for 2Q11 was boosted by net revaluation gains of S$228m.
Grand Tower sold for S$88.5 million
27MR Pte Ltd bought the development which comprises of 28 apartments with an area of about 1,873 sq ft each.
Redevelopment site at 693 Geylang Road up for sale
The tender will close on September 6 at 3PM, so be quick.
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