Mainboard-listed construction firm, Sim Lian Group, said that its first quarter net profit rose 23 percent from a year ago to S$27.6 million. Revenue for the three months ended September edged up 2 percent to S$194.4 million. Sim Lian said that its contract costs fell S$4.6 million despite an increase in revenue in the quarter. This was mainly due to a revision of contract costs for a development...
General
Singapore Land said on Friday its third quarter net earnings rose 41 per cent to S$56.3 million from a year ago. This was on the back of a 33 per cent rise in revenue for the three months ended September to S$119.1 million. The company said the improvement in revenue was mainly due to sales of The Trizon residential project and higher office rental income. But this was partly offset by lower revenue...
The Sino-Singapore Tianjin Eco-City Investment and Development Company is tying up with education services provider GEMS Education to co-develop a S$30 million international school in Tianjin, China. This will be GEMS' first flagship greenfield international school in China. The GEMS World Academy Tianjin will be located near the commercial centre of the Tianjin Eco-City's start-up area. It will open its...
The government has reinstated the confirmed list for its Land Sales or GLS programme. The confirmed list for the first half of next year consists of eight residential sites. They include two executive condominium sites. The eight confirmed list sites comprise four new sites and four sites carried over from the second half land sales programme for this year. The National Development Ministry said these...
Genting Berhad is on track to open the 'Resorts World at Sentosa' in Singapore by early January 2010, said its chairman and chief executive Lim Kok Thay. Bernama news agency quoted Mr Lim as saying the project, which cost S$6.6 billion, would attract 12 to 13 million visitors in the first full year of operation. "Construction is going on smoothly. We are targeting to open it by early January 2010," he...
Singapore Land, a property developer and landlord that reported a gain in quarterly profit, said that the market for office space is expected to be “weak” as new buildings are completed in the city-state. “The office market is expected to be weak in view of the significant new supply,” the company said today in a statement, announcing a 41% gain in profit for the three months to Sept. 30 of $56.3...
Singapore's Ministry of National Development on Friday announced its biggest half-yearly land sales programme for the first half of 2010 since the reserve list system was started in H2 2001. This follows very strong demand for private homes seen in the past eight months. This will ensure there will be enough supply to meet demand, Urban Redevelopment Authority's senior group director, land sales and...
Niche property developer Hiap Hoe Limited has reported that its net earnings for the third quarter ended 30 September 2009 (3Q09) surged more than 13 times to $8.5 million or 2.24 cents per share, from $0.7 million or 0.20 cents per share reported in the corresponding period a year ago (3Q08). The rise in net profit was achieved on revenue of $36.7 million, which represents a growth of 663.0%, and has...
Senior Minister Goh Chok Tong said Singapore needs to be one of the most liveable cities - not just in Asia, but globally - and one that goes beyond being clean, green and safe. Mr Goh shared this new vision of Singapore over the next 25 years at the 50th anniversary of the Real Estate Developers' Association of Singapore (REDAS) on Thursday. Singapore has come a long way. But as other new cities erode...
Location: 52 Stevens Road (District 10) Tenure: Freehold Year of Completion: 2013 Site Area: 10,682 sqft Total Units: 20 (1 block of 5 storeys + attic) Facilities: Lap Pool, Hot Jacuzzi, BBQ Area, Pool Deck Property Features: Near Prestigious Schools Walking Distance to Stevens MRT Excellent Access To City & Orchard via PIE/Bukit Timah Road Unit Types: 1 bedroom ~ 420 / 474 / 1001 sqft 1+study ~ 495 /...