Residential Property

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.

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.

MCL Land sold half of Uber 388 in less than a week

But good news for potential buyers as the 95-unit development at Upper East Coast Road remains discounted at preview price of around $1,380 psf on...

Ascott to acquire Somerset Central in Vietnam for US$9.45 million

Ascott will also open Somerset Danang Bay and Somerset Saigon Ho Chi Minh City by 2014.