Heeton Holdings

Heeton divests iLiv@Grange en-bloc

HEETON Holdings has finally sold its entire interest in the completed iLiv@Grange project. This was through a sale of shares in a wholly-owned subsidiary of Heeton which in turn owns 100 per cent interest in the company that developed the 30-unit freehold project. The deal values the entire 16-storey project (on an en-bloc basis) at S$95 million, which works out to S$1,623 per square foot based on...

Heeton looks to expanding regionally

Singapore-listed property development and investment firm Heeton Holdings is seeking to further regionalise its business over the next three years. The company’s objectives include diversifying its earnings from beyond Singapore to tap opportunities in emerging economies amid a challenging property market in the city-state. Onze@Tanjong Pagar is Heeton Holdings' latest project on the market. The...

Heeton, KSH and Zap Piling acquire Whitley Rd site

A joint venture comprising Heeton Holdings, KSH Holdings and Zap Piling has acquired a site at Whitley Road for S$31 million. The 21,900 square feet site is zoned for two-storey mixed landed residential units. The District 11 site - which is freehold - is currently occupied by a single-storey bungalow and leased out to a kindergarten. According to a statement released by the group, the site has the...

Heeton posts 11.7% increase in Q2 net profit to S$6.2m

Property developer Heeton Holdings has posted a net profit of S$6.2 million for the fiscal second quarter, up 11.7 per cent on-year. Revenue for the same period increased 29.7 per cent to S$9.5 million. Heeton said the improved performance was mainly driven from sales from the company's residential developments Juluca and The Lumos. It also benefited from lower interest expense. Looking ahead, the...

Heeton Holdings unveils iLiv@Grange

The 20,325 sq ft development expected to receive Temporary Occupation Permit by October 2013. Mainboard-listed property group Heeton Holdings is setting a new benchmark for the luxury Residential market with the unveiling of its latest freehold Residential development, iLiv@Grange. The exquisite development, which harnesses some of the top global talents in the industry, was unveiled at a press...

Heeton, KSH and TEE International to jointly acquire Mitre Hotel site for $121m

Heeton Holdings, together with KSH Holdings and TEE International, have joined forces to acquire the Mitre Hotel site for $121 million, by way of a public tender. Heeton will own 45% of this project, while KSH and TEE International will take up the remaining 35% and 20% respectively. The 39,972 sq ft freehold land parcel, located along Killiney Road in Singapore’s prime District 9, has a plot ratio of...

Heeton Holdings posts 127.3% rise in 9M net profit to $10.4m

Heeton Holdings, the niche boutique property developer that focuses on developments catering to niche upscale markets with projects of unique and exclusive concepts, says it posted an increase of 127.3% in its profit after tax to $10.35 million in its 9 months ended 30 September 2009. This came on the back of an increase in its turnover by 38.1% to $44.37 million, mainly brought about by the increase in...

Heeton Holdings reports 94% plunge in H1 net profit

Heeton Holdings on Friday said its net profit for the six months ended June 30 plummeted 94 per cent to S$4.2 million due in part to losses from associated companies and higher operating expenses. The company reported a 40 per cent improvement in revenues to S$27 million, which it attributed to higher turnover from its property development segment and the sales of residential projects. Despite the weaker...

Developer collaborates with Starck for luxury residential project

Luxury-end private residences in Singapore are facing price pressures, and one developer hopes to get around that by having a famous brand-name designer work on its project. Heeton Realty - a joint venture between Singapore developer Heeton Holdings and JP Morgan - is counting on the collaboration with a company co-founded by well-known French designer, Philippe Starck, to draw in the buyers. It is...

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