Tag Archives: developers

CDL seen poised for acquisitions, analysts raise target price

ARMED with a war chest of more than S$3 billion and an improved balance sheet, City Developments (CDL) is poised to make acquisitions in Singapore and overseas, prompting some analysts to raise the target price for the property group. CDL … Continue reading

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Hatten Land in non-binding pacts with founders to buy plots in Malaysia

HATTEN Land Limited said on Friday that it has entered into a non-binding memorandum of understanding (MOU) with the founding Tan brothers to acquire four land parcels and a company that owns development rights in Malaysia. Those targeted four plots … Continue reading

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Ho Bee Land sells London office block for £94.5 million

PROPERTY group Ho Bee Land has entered into a deal to sell Rose Court, an office block in Southwark, London to an unrelated Guernsey property unit trust for £94.5 million (S$167.5 million). The buyer has paid a deposit of 10 … Continue reading

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Roxy-Pacific buys five shophouses for S$17m

PROPERTY developer Roxy-Pacific Holdings has agreed to acquire five adjoining two-storey shophouses on Upper Bukit Timah Road for S$17 million in total, it said in a Singapore Exchange filing on Tuesday. It said the shophouses made up a freehold residential … Continue reading

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Chip Eng Seng looks poised for take-off

IN a property market where heavyweights such as CapitaLand and City Developments are in the limelight, a relatively small company like Chip Eng Seng Corporation appears to have escaped the attention of most analysts. Although earnings in recent years have … Continue reading

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Local developers still keen to replenish land bank

Despite seeing a challenging outlook ahead for the private residential market, many developers are still keen to replenish their land bank, albeit in a selective fashion. Sim Lian Group, which sold the most number of residential units among developers this … Continue reading

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CapitaLand to open 8 malls in 2017

CAPITALAND will open eight malls in Asia in 2017 with almost one million square metres of gross floor area, the property developer announced on Thursday. Through wholly-owned CapitaLand Mall Asia, CapitaLand will open six malls in China, one in Malaysia … Continue reading

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Wheelock Q3 earnings jump on Ardmore Three, The Panorama sales

REAL estate developer Wheelock Properties posted a net profit of S$28.3 million for its third quarter ended Sept 30, 2016, up one and a half times from S$11.3 million a year ago. Revenue was up 82 per cent to S$152.6 … Continue reading

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IOI surprises market with record land bid

MALAYSIAN plantation and real-estate tycoon Lee Shin Cheng has surprised the market with a bullish top bid of nearly S$2.57 billion or S$1,689 per square foot per plot ratio (psf ppr) for a white site in Central Boulevard. The bid … Continue reading

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Tanjong Pagar Centre game-changer for GuocoLand

GUOCOLAND, controlled by Malaysian tycoon Quek Leng Chan, recently completed Guoco Tower – the office component of its integrated mixed-development project, Tanjong Pagar Centre, on a 99-year leasehold site above Tanjong Pagar MRT Station. The mainboard-listed property group has announced … Continue reading

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