Residential Property
Chip Eng Seng’s Q2 net profit down by 14%
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.
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.
Wheelock Properties' revenues slump 62% to $67.6m
But Scotts Square continued to see increasing take up rate to 73%.
CBRE revenues up 21% to a whopping $1.4 billion
In Asia Pac alone, revenues also rose 19% to $188.5 million in Q2 2011.
34% of Singaporeans won’t buy properties due to high prices
And 73% of HDB seekers are willing to wait 2 to 3 years to purchase property.
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