ROBUST residential sales in markets across Asia, in the wake of the economic recovery, sent first quarter net profits rocketing by 75.3 per cent at Keppel Land. The developer reported earnings of $64.7 million for the three months to March 31, while revenue rose a more modest 9 per cent to $158.8 million, compared with $145.7 million in the same period last year. Keppel Land's property trading segment...
General
I REFER to Mr Chan Mia Lee's letter, 'Why the delay in upgrading opposition ward?' (April 8), and would like to highlight that the lift upgrading projects in Potong Pasir and Hougang are on track. Blocks 101 to 109 in Potong Pasir Avenue 1, and Blocks 351, 352, and 354 to 357 in Hougang Avenue 7 were announced for the Lift Upgrading Programme (LUP) last October. As with all LUP projects, the HDB...
ANOTHER 1,429 flats will be up for grabs in fast-developing Punggol after the HDB launched two new build-to-order (BTO) projects yesterday. The developments - Punggol Emerald and Punggol Waves - will deliver 188 studio apartments, 201 three-room units, 609 four-room units and 431 five-room units to eager home buyers. Yesterday's launches are part of a broader HDB plan to launch 12,000 flats in the first...
Bids seen coming in at up to $560 psf ppr and $350 psf ppr respectively TWO more 99-year leasehold residential plots were launched for sale by the government yesterday - one at Upper Serangoon Road from the confirmed list and the other at Hougang Avenue 2 from the reserve list. The Hougang Avenue 2 site was triggered by a developer who agreed to bid at least $109.9 million for it, which works out to $241...
Boost from strong residential sales, property investment and fund mgt units KEPPEL Land yesterday reported a 75 per cent climb in Q1 2010 net profit to $64.7 million - from $36.9 million a year ago - on the back of robust residential sales and better contributions from its property investment and fund management units. Revenue for the three months ended March 31, 2010, was $158.8 million, up 9 per cent...
THE Housing and Development Board (HDB) yesterday launched two new build-to-order (BTO) projects in Punggol, offering a total of 1,429 flats. Both projects will be near the Punggol MRT Station, bus interchange and the future Punggol town centre. Punggol Emerald, at the junction of Punggol Way and Punggol Central, will have 856 standard flats. These consist of 188 studio apartments, 96 three-roomers, 350...
MS Florence Tan ('Keep members of MC, sales committee distinct', BT, April 15) suggests that members of management committees (MC) be distinct from members of en bloc sale committees (SC). Ms Tan is of the view that there will be a conflict of interest when members of the MC, whose main role is to oversee maintenance of the estate, are also tasked with the responsibility for an en bloc sale. Separating...
Mainboard-listed developer, Keppel Land, said on Tuesday its first quarter net profit surged 75.3 per cent on-year to S$64.7 million. Revenue rose 9 per cent to S$158.8 million for the three months ended March 31. Keppel said the improved performance came on the back of robust residential property sales in Singapore and overseas. Net profit from its property trading arm grew 53.6 per cent to S$48.7...
Two new Built-To-Order (BTO) projects have been launched in Punggol Town making 1,429 government flats available. In addition, the Housing and Development Board said it will launch another 7,400 BTO flats from May to September 2010, bringing the total number of flats launched in the first three quarters of 2010 to about 12,000. It said the upcoming projects will have a good geographical spread, covering...
YTL Pacific Star, the manager of Singapore-listed Starhill Global REIT, has appointed Mr Ho Sing as its new CEO. 43-year-old Ho takes over the top post from Franklin Heng, who died last December from complications following liposuction surgery. YTL said it is confident that Mr Ho will be able to execute his duties as CEO due to his experience and expertise. Mr Ho was previously the general manager of...