Property heavyweight CapitaLand saw its net profit slipped 3.3 per cent on-year in the second quarter to S$385.9 million on the back of higher finance costs and lower fair-value gains. This, even though CapitaLand sold more homes both in Singapore and China during the quarter. Revenue grew 16.5 per cent on-quarter to S$862.4m. The company said it sold 41 units of D'leedon, 125 units of Sky Habitat and 27...
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The Urban Redevelopment Authority (URA) announced today that it has accepted an application from a developer to put up the site at Victoria Street / Jalan Sultan for sale by public tender. The land parcel was made available for sale through the Reserve List system on 25 April 2007. URA received an application from a developer for the site to be put up for public tender. The developer committed to bid at a...
RiverSails is located at Upper Serangoon Crescent / Upper Serangoon Road. It is minutes away from Buangkok MRT & Hougang MRT, and shopping malls such as Sengkang Plaza Shopping Mall, Hougang Mall, Hougang Plaza and Hougang Town Central. With a site area spanning spaciously over 265,012 sqft, RiverSails gives one much room and various facilities to enjoy and relax. Residents can also opt to enjoy a...
Brisk sales by developers for private homes continued last week. In the CBD, United Industrial Corporation (UIC) is said to have moved close to 50 units at its V on Shenton project, taking total sales in the project to over 140 units. The 54-storey tower was launched on 20 July with 190 out of its 510 units released. Apartments at the 99-year leasehold project are being sold at an average price of S$2,200...
The Urban Redevelopment Authority (URA) awarded provisional permission (PP) to several large projects in the second quarter, including two mega developments by M+S Pte Ltd, a tie-up between Temasek Holdings and Malaysia's Khazanah Nasional. In April, M+S received PP for a mixed development at Ophir/Rochor Roads, which will include 350 hotel rooms, 670 apartments, 4,650 sq m of retail space and 64,010 sq m...
The Urban Redevelopment Authority (URA) closed the tender for the residential site at Tanah Merah Kechil Road today. The site at Tanah Merah Kechil Road was launched for sale by public tender on 20 June 2012. The site was offered for sale on a 99-year lease. The 13,998.5m2 site is located within an established private residential estate and is close to Tanah Merah MRT Interchange station. It is also...
The Housing and Development Board (HDB) announced on Tuesday that it has launched seven BTO projects, offering 4,191 new flats. This is the fourth BTO launch this year and HDB said it remains on track to launch 25,000 flats this year. The flats are being offered in two non-mature towns of Choa Chu Kang and Punggol, and three mature towns of Bukit Merah, Clementi and Geylang. The projects in the...
Prices of resale private homes in Singapore were flat month-on-month in June, according to flash estimates of the Singapore Residential Property Index (SRPI) by the National University of Singapore (NUS). The index covering small units of 506 square feet and below - otherwise known as shoebox apartments - fell most sharply, by 1.4 percent. This is in contrast to the 1.9 percent increase recorded in...
Developer Overseas Union Enterprise (OUE) is set to invest in excess of S$140 million on two retail mall projects in the central business district. Among the plans, OUE will be developing a five-storey retail mall at the existing DBS Building at Shenton Way, according to a source close to the matter. Built in 1975, DBS Building at Shenton Way will soon be home to a new shopping mall, spanning some...
Shopping mall developer CapitaMalls Asia has added two new malls in Qingdao, China and Japan worth a total of S$662.2 million to strengthen its presence in the region. CapitaMalls announced on Monday that it signed an agreement to acquire a site to develop its first shopping mall in Qingdao, China. It was acquired from Qingdao Vanke City Real Estate Co. Ltd and Qingdao Shuangshan Gongmao Co. Ltd. The...