SC Global

SC Global Q3 profit up 6-fold

SC Global Developments Ltd reported that its net profit for the third quarter ended Sept 30 surged to $33.42 million from $5.42 million a year ago. The six-fold rise in profit after tax and minority interests was mainly due to higher revenue recognition for the group's Singapore development projects (including The Marq on Paterson Hill, Hilltops and Martin No 38) following the progress of construction as...

SC Global’s Q1 net profit up 28% on-year to S$13.4m

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...

Seven Palms Sentosa Cove units sold at record prices

Mainboard-listed high-end property developer, SC Global, said on Wednesday it has sold six units of its project at Sentosa for record prices. The units of its Seven Palms Sentosa Cove development were sold at an average price of about S$11 million per residence, with prices ranging between S$3,100 and S$3,400 per square foot. These are higher than the previous peak of about S$2,734 per square foot for a...

SC Global’s full-year profit rises 57% to S$44.5m

Mainboard listed property developer SC Global said its full-year profit rose 57 per cent on-year to S$44.5 million. The bottomline was lifted by the progressive recognition of sales from the group's development projects in Singapore and China. Revenue for the year was unchanged at S$129 million. SC Global booked a fair value gain of S$33 million for the year on its investment property called Newton...

Martin No 38? In demand

SC Global Developments has received a strong response to its private views for its latest high-end residential project, Martin No 38. All 30  units released in the first phase of marketing have been sold at an average price of $2,130 per square foot (psf), above the expected average price of $2,000 psf. "We are naturally very pleased with the response and how well-received the project has been by the...

Martin No. 38

Martin No. 38 is designed by award-winning architect Kerry Hill. It is based on warehouse lofts in New York and London and features high ceilings and seamless interior spaces. An austere and beguiling industrial aestheticism pervades the details of this development, from the blackened tap fittings to the sheet-metal panels in the bathrooms, with their exposed bolt heads, unplastered interior concrete...

Simon says: Home prices have hit floor

Head of property developer SC Global still bullish on the local real estate market JUDGING from recent transactions, property prices appear to have hit or are near the floor, according to Mr Simon Cheong, the president of the Real Estate Developers’ Association of Singapore (Redas). As evidence, Mr Cheong, the head of high-end property developer SC Global, points to recent transactions of luxury...

SC Global’s Q1 earnings rise 75% to S$19.2m, outlook cautious

Property developer SC Global saw its net profit rise 75 percent in the first quarter to S$19.2 million, despite revenue falling 20 percent to S$43 million. But the outlook going forward appears cautious. Like many other developers releasing results in recent days, SC Global said market sentiment has been dampened by the sub-prime fallout in the US. It said medium to long-term fundamentals in the...

The Tomlinson Penthouse: bungalow in the sky

A LIFESTYLE LIVING LIKE NO OTHER, AT THE CENTRE OF SINGAPORE'S FINEST Rising above others with panoramic views of the City and embraced in the enclave of Singapore's most famous shopping belt - Orchard Road, it is a lifestyle defined only by the extraordinary. At the heart of the prestigious Orchard and Tanglin locale amidst Embassies, high-end residences and six-star luxury hotels, this 9720 sq ft sky...

Hilltops @ Cairnhill Circle

As its name describes, the 20-storey Hilltops is situated on the highest point of Cairnhill, standing at 131 metres above sea level. From this commanding vantage point, the development overlooks the surrounding Orchard Road and Cairnhill areas – literally just “down the hill.” Spread over some 1.1 hectares (117,000 sq ft) of prime freehold land, Hilltops occupies almost the entire land area of...

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