Category: Developer News

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CapitaLand gains control of 96.7% of Ascott Group

CapitaLand gains control of 96.7% of Ascott Group

Property developer CapitaLand has gained control of 96.7 per cent of the Ascott Group. With this level of acceptance, CapitaLand can now compulsorily ...
CapitaLand reports record full-year profit of S$2.8b

CapitaLand reports record full-year profit of S$2.8b

Southeast Asia's biggest property developer CapitaLand has reported record earnings for the fourth year in a row. Net income for 2007 came in at bett ...
Wheelock Properties sees six-fold jump in FY profit to S$218m

Wheelock Properties sees six-fold jump in FY profit to S$218m

Wheelock Properties said its full year 2007 profit jumped nearly six-fold to S$218 million. The improvement was fuelled by changes in fair value on i ...
Ascott shares face suspension from SGX

Ascott shares face suspension from SGX

Shares of Ascott Group are likely to be suspended, now that CapitaLand has gained control of 91.7 percent of the company. Under listing rules, the Si ...
UOL posts 134% jump in full-year profit to record S$759m

UOL posts 134% jump in full-year profit to record S$759m

Property developer United Overseas Land (UOL) has more than doubled its profit for 2007, helped by a S$590.5 million gain from investment properties. ...
CapitaLand sues 4 Gillman Heights Condo owners for breach of contract

CapitaLand sues 4 Gillman Heights Condo owners for breach of contract

Capitaland is suing the owners of four units of Gillman Heights condominium for breach of contract. It is also seeking unspecified damages. The owne ...

OCBC rejects improved takeover offer for Straits Trading

OCBC says it intends to reject an improved takeover offer for one of its listed subsidiaries, Straits Trading. This could effectively end a tussle fo ...
F&N’s Q1 profit surges 33% to S$103m

F&N’s Q1 profit surges 33% to S$103m

Fraser and Neave (F&N) has delivered a 33 per cent rise in first quarter profit to S$103 million. It attributed the strong performance to contrib ...

Property players hold back

Companies wary of acquisitions amid market uncertainty EVEN as property prices come off their peaks, sector participants are keeping cautious, with M ...

GuocoLand reports 15% rise in H1 net profit to S$60.6m

Property developer GuocoLand has reported a net profit of S$60.6 million for its half year ended December 31. That was a 15 percent increase compared ...
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