Category: Developer News

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$1.73 decent exit price for Ascott: CIMB

CapitaLand’s offer to buy the remaining shares of its 67-per-cent unit, The Ascott Group, at $1.73 apiece represents a decent exit price for minority ...

Keppel Land gets an early hongbao

Boosted by sale of stake in One Raffles Quay, the firm posts a seven-fold surge in Q4 profits to $572 million Keppel Land kicked off the current quar ...

Tecity raises offer for Straits Trading to S$6.50 a share

Tecity has raised its general offer for Straits Trading to S$6.50 a share following a counter bid from the Lee family. The revised offer values the co ...
Hsien Yang’s in-laws buy F&N-developed condo

Hsien Yang’s in-laws buy F&N-developed condo

Fraser and Neave (F&N) has sold a unit of its Soleil @ Sinaran residential development for $2.66 million to the relatives of its chairman Lee Hsie ...
Wing Tai reports 25% rise in H1 earnings to S$105m

Wing Tai reports 25% rise in H1 earnings to S$105m

Property developer Wing Tai has reported a 25 percent rise in half-time earnings to S$105 million. Draycott8 This is due mainly to higher contributi ...

OCBC’s Lee family makes counterbid for Straits Trading

A bidding war appears to be looming for diversified Straits Trading Company. The Lee family that controls OCBC Bank is making a counter-offer for sha ...

Property developer Evergro posts full-year earnings of S$196,000

Property developer Evergro has reported full-year earnings that are sharply lower than the previous year. It booked a profit of S$196,000 compared to ...
CapitaLand to invest over S$1b in 15 malls in India

CapitaLand to invest over S$1b in 15 malls in India

CapitaLand is investing over S$1 billion in 15 malls across India through two joint ventures with Indian companies. The venture will be fully funded ...
Why only a footnote for Hsien Yang’s appointment?

Why only a footnote for Hsien Yang’s appointment?

Tucked away on Page 60 of Fraser and Neave’s 200-page annual report and stated in a matter of fact of way is the announcement that one of the most tal ...

Ho Bee, IOI Properties win Sentosa’s last prime condo site

A tie-up between Ho Bee and Malaysia’s IOI Properties has clinched the last prime condominium site on Sentosa for S$1.1 billion. The price for the Pi ...
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