Property developer and construction firm Low Keng Huat on Friday said its third-quarter net profit rose 28 per cent on-year to S$16.6 million. Revenue for the three months ended October 31 almost quadrupled to S$205 million, thanks mainly to significant increases in its construction revenue. Its third-quarter construction revenue had jumped more than four-fold year-on-year, due to completions of two...
2009
Location: East Coast Road / Siglap Road (District 15) Tenure: Freehold Year of Completion: 2014 Total Units: 114 (4-Storey with Attic) Unit Types: 1 bedroom ~ 366 - 495 sqft 1 + study ~ 463 - 603 sqft 2 bedroom / 2 + study ~ 689 - 732 sqft Penthouse ~ 775 - 1453 sqft Contact us at [email protected] with the following for more information: Siglap V / Name / Contact # / Unit Type...
The tender for an industrial site at Pioneer Road North has been awarded to private developer KNG Realty. The company had placed a bid of S$19.4 million for the site, or S$48 per square foot. The Urban Redevelopment Authority had received eight bids for the site. It was offered for sale in November on a 30-year lease. The site is intended to be used for clean or light industry, warehousing, public...
The two upcoming integrated resorts in Singapore, which open in the first quarter of next year, are not planning to gamble with the environment. In fact, they have spent millions of dollars on green technologies and sustainable building concepts to conserve resources. It has been a roller coaster ride for the environment, and climate change is a real threat. So companies, like Singapore's two integrated...
Interest in waterfront homes at Sentosa Cove seems to have returned in recent months, as the opening of Resorts World at Sentosa looms. Since the beginning of November, a total of six properties — three luxury condominiums and three landed homes — have changed hands in the resale market at $1,406 to $2,423 psf. In the week of Nov 6 to 13, one of the 29 villas on Ho Bee Group’s Paradise Island — a...
Property developer Kng Realty has submitted the highest bid of S$19.4 million for an industrial site at Pioneer Road North. The Urban Redevelopment Authority (URA) has closed the tender for the site after receiving eight bids in total. The next highest bid came from Sia Kong Wah & Gimp Investment at S$18 million. Kng Realty's bid translates to about S$48 per square foot. Li Hiaw Ho, executive...
Private sector economists have further upgraded their outlook on the Singapore economy, and now expect GDP to contract by 2 per cent this year. In the previous survey of professional forecasters conducted by the Monetary Authority of Singapore (MAS) in September, economists had a median forecast of a 3.6 per cent decline in GDP for the whole of 2009. For the fourth quarter, the 20 economists who...
Singapore REITs are expected to pursue more acquisitions in 2010 to drive growth, with deals likely to be funded by private placements, says OCBC Investment Research. “Opportunistic acquisitions will be very much in vogue in 2010 as some REITs shore up declining earnings and others exploit favourable market conditions,” it says in a research note although funding sources may be limited as REIT...
Singapore appears to be losing a bit of its shine as one of Asia Pacific's top real estate investment markets. It slipped three notches among Asian markets in PwC's latest survey on where institutional investors prefer to put their money next year. Singapore was ranked number two last year. But it was placed number five among 20 cities in the latest report by PricewaterhouseCoopers (PwC). Shanghai was...
Chappelis Pte Ltd has submitted a top bid of S$38.5 million for a residential site at Westwood Avenue. The Housing and Development Board (HDB) said it received a total 32 bids, with the lowest one at S$16.8 million from Boon Keng Development. The second highest bid came from a partnership between Hoi Hup Realty and Sunway Developments, which put in a bid of some S$38 million. Act-Nobel Homes rounded off...