As tender bids heat up here, many small-sized property developers are seeing themselves priced out by big players and foreign firms. This has made it more difficult for these smaller developers to get their hands on land for development - a situation that could put their businesses at risk, and things do not improve. Bid prices and the number of bidders escalated to record highs in the latest tender...
General
The Housing and Development Board (HDB) can do more for families on the brink of losing their homes, say some social workers. In response, the board says it does show flexibility on a case-by-case basis. Tanjong Pagar Family Service Centre executive director Wong Kwong Sing, for example, hopes interim rental housing can be supplied by the authorities before families are forced onto the streets. "Most...
The Hong Kong government pledged to boost land supply as it tries to cool the property market, a day after its first auction of the fiscal year fetched almost a third less than surveyors' estimates. "We hope the market will be stable," Financial Secretary John Tsang said. "There will be land auctions in June and July." Hong Kong has limited corporate purchases of apartments and it may raise the stamp...
Location: 460 – 480 Siglap Road (District 15) Tenure: Freehold Year of Completion: 2015 Site Area: 335,418 sqft Total Units: 393 Unit Types: 1 bedroom - 517 to 678 sqft 2 bedroom - 786 to 1,001 sqft 3 bedroom - 1,173 to 2,228 sqft 4 bedroom - 2,573 to 2,960 sqft Contact us at [email protected] with the following for more information: Flamingo Valley / Name / Contact # / Unit Type...
BE CAREFUL if you are looking to rent a home here, or you could fall prey to a rental scam. This is how it works: A conman, using a fake name, poses as a landlord with rooms for rent at low prices. Click here to find out more! He gives fake addresses of apartments in areas like Orchard and Chinatown. He refuses to arrange for a viewing of the apartments, claiming that he is in Britain on internship and...
Property developer City Developments said its first quarter net profit rose about 68 per cent on-year to S$139.3 million. The improved performance came on the back of stronger revenue, which went up 20.6 per cent to S$750.4 million dollars. Accordingly, basic earnings per share rose 68.1 per cent to 15.3 cents. CDL said all its business segments had shown improvement compared to last year. The property...
Property developer Soilbuild saw its net profit fall 47 per cent on year in the first quarter to S$10.3 million. Revenue fell 50 per cent to S$32.5 million. The company said the poorer showing was due to a reduction in fair value gains from investment properties and derivative financial instruments in the same period a year ago. It also cited the absence of contributions from three residential property...
Property company UOL Group said its first quarter net profit fell 71 per cent to just over S$100 million. This was due mainly to negative goodwill on acquisition of interests in an associated company in the first quarter of last year. But the picture was more positive on the revenue end up 27 per cent to S$250 million due to the better performance of its property development, investments and hotel...
Property developer SC Global Developments said its first quarter net profit rose 28 per cent on-year to S$13.4 million. The better showing was mainly due to higher revenue recognition for the company's Singapore development projects and higher contributions from its Australian unit AV Jennings. Revenue increased 45 per cent to S$190.6 million, compared to S$131.2 million for the same quarter last...
Retailer Courts has unveiled a new store along Orchard Road, near the Somerset MRT station. Courts says it will soon open the new eight-storey store, offering about 44 thousand square feet of electronics and home furnishings. Courts is taking over the premises that retailer John Little had previously occupied since 2007. John Little is vacating the space after it did not exercise its option to renew its...