CapitaLand, Singapore’s largest property developer, said on Tuesday (Aug 5) its net profit for the second quarter rose 14.5 per cent from a year ago. Net profit for the quarter was S$438.7 million, compared with a restated S$383.3 million in the same period last year. Revenue fell 13 per cent to S$875.3 million, with Singapore and China accounting for 72.9 per cent of overall group revenue. The...
General
Thomson Three is a 21-storey condominium project with 435 apartments and 10 strata semi-detached houses. The project is situated near MacRitchie and Lower Peirce Reservoir, and is one minute’s walk away from the upcoming Upper Thomson MRT Station, providing easy access to Orchard Road, Shenton Way and Marina Bay. Location: Bright Hill Drive (Distinct 20) Tenure: 99 years leasehold Year of Completion:...
Yishun residents can expect a new integrated development - Northpoint City - in their neighbourhood by 2018. Unveiled on Friday (Aug 1) at an exhibition launched by Minister for Foreign Affairs and Law K Shanmugam, Northpoint City will include 920 private residential units and house the largest mall in the northern region of Singapore. It will also have a town plaza equivalent to the size of 10...
While the cooling measures and loan restrictions have dampened sentiment in various segments of Singapore’s property market, leasing demand for public housing has held up relatively well, with an increase in transactions in the first two quarters this year helping to keep rental rates fairly steady. This trend continues even as data by the Housing and Development Board (HDB) and Urban Redevelopment...
At least 122 billion pounds ($206 billion) in property in England and Wales has hard-to-trace ownership via companies in London property may be "haven for dirty money" offshore tax havens, the Financial Times reported in an investigation. The finding, made through analysis of Land Registry data, "raises concern that London property in particular has become a haven for dirty money from around the world"...
China's decline in property prices accelerated in July, an independent survey showed, adding to concerns over the sector, a key component of the world's second-largest economy. The average price of a new home in 100 major cities was 10,835 yuan ($1,757) per square metre last month, down 0.81 percent from June, the China Index Academy (CIA) said. It was the third consecutive monthly decline and an...
Deputy Prime Minister Teo Chee Hean on Wednesday (July 30) led a Singapore delegation on a visit to the future Raffles City Chongqing work site. He is in Chongqing on the third day of an official trip to China. The US$3.4 billion (S$4.3 billion) future Raffles City Chongqing is designed by Moshe Safdie, the world-renowned architect behind the Marina Bay Sands in Singapore. Apart from a mall, offices...
In a neighbourhood with a good transport network, amenities and leisure options, as well as 6 retail outlets in its grounds, Coco Palms is the ideal residence. With rejuvenation plans^ in the works, including a revamped Town Centre and the Central Greenway pedestrian and cycling path, living at Coco Palms puts you in the heart of the action. Changi Business Park, Singapore EXPO, and Changi International...
Resale prices of private homes fell in June after inching up in May, according to Singapore Residential Price Index (SRPI) estimates released on Tuesday (July 29). The SRPI, compiled by the National University of Singapore’s Institute of Real Estate Studies, showed overall prices decreased by 1 per cent in June from the previous month. In May, prices rose 0.4 per cent from April. Prices of homes in...
London's landmark 'Gherkin' office tower, one of the landmarks on the British capital's skyline, went on sale for about £650 million (US$1.1 billion, 820 million euros, S$1.37b) on Tuesday (29 July) after being placed into receivership. Property firms Savills and Deloitte Real Estate were jointly instructed to sell the 41-storey block in the city's financial district. The building looks like a glass...