Diversified Fraser and Neave (F&N) says its first half profit fell 17 per cent on-year to about S$158 million. Revenue in the same period ending March 31 fell about four per cent to S$2.4 billion. But the company faired a bit better in the second quarter, where profit rose four per cent to S$90 million. The firm says this is due to strong contributions from its food and beverage and commercial...
2009
Property developer CapitaLand has collected payment for 98 per cent of the 542 units of RiverGate apartments which have been sold since it obtained the Temporary Occupation Permit in March 2009. CapitaLand said the progress payments and deferred payment receivables for the sold units were securitised through special purpose vehicle Okeanos Investment Corporation. Okeanos issued US$477 million (S$731...
Singapore-listed Parkway Life REIT said it has achieved a distribution per unit (DPU) of 1.89 Singapore cents for the first quarter, up 17 percent from a year ago. This was on the back of a 37 per cent rise in net property income for the three months ended March to S$15.2 million. The trust saw higher revenue from its Singapore hospital properties and positive contributions from its Japan properties. As...
One way to cut costs amid the current downturn is to make buildings more eco-friendly and efficient. Experts said this can save as much as a 20 per cent in energy bills. And for those worried about higher investments, there are initiatives that can cover up to 35 per cent of such costs. Demand for 'green' buildings has grown amid the current downturn. Environmentally-conscious consumers are increasingly...
The Braddell Heights Estate is an elevated enclave of bungalow homes, conveniently located near the Central Expressway (CTE)/Braddell Road junction. Minutes to the amenities at Serangoon Gardens, Bishan and Ang Mo Kio town centre, and yet retaining all the charm of an exclusive landed community. Dunsfold Residences and Matlock Residences are cluster bungalows located in Dunsfold Drive and Matlock Rise...
Singapore may have seen the worst of the economic slowdown and some economists believe the country's economy could see mild recovery in the current quarter. This comes after Prime Minister Lee Hsien Loong warned of a prolonged downturn and a tough year ahead in his May Day rally message last week. Mr Lee said the optimistic scenario is for a U-shaped recovery, not a V-shaped one. He also cautioned that...
Singapore saw the sharpest declines in office rentals in the first quarter amid the global downturn, compared to other Asian markets. A report from real estate consultancy firm CB Richard Ellis (CBRE) said leasing activity remained slow as firms continued to downsize and reduce costs. Singapore saw an 18.6 per cent drop in rents for the first three months of 2009, compared to the previous quarter. This...
Location: Watten Estate (District 11) Tenure: Freehold Year of Completion: 2012 Total Units: 59 Unit Types: Terrace / Semi-Detached / Detached Facilities: Two 60m lap pool, Gymnasium, Outdoor exercise area, Children's play area, Walking tracks, Private car park, 24-hour Security Email [email protected] with the following for more information: Watten Res / Name / Contact # / Unit Type...
Hong Leong Group said it has started to introduce precautionary measures against the spread of swine flu at its various offices. These include increasing the frequency of cleaning and disinfecting all lifts and toilets. By Tuesday, City Developments will also set up checking counters at the building entrances of all its investment properties. The counters will screen visitors and record their...
CapitaCommercial Trust (CCT) is turning the interior ground floor open space at its Market Street property into a fully air-conditioned, themed-food court. The property trust announced on Thursday that the 11,000 square feet space has been leased to food court operator, Koufu. CCT made the move after deciding earlier this year not to redevelop the Market Street Car Park into a commercial building. The...