Property developer UOL Group has announced that revenue was 59 percent down at S$297.7 million in the first quarter ended 31 March 2012, attributed to a 75 percent revenue drop in its property development segment to S$153.2 million. Net attributable profit for the quarter also fell 63 percent to S$84 million, from S$230 million over the same period last year. This was mainly due to a 52 percent fall in...
Sim Lian
The Urban Redevelopment Authority (URA) said it has awarded the tender for the commercial and residential site at Jelebu Road/Petir Road to Sim Lian Land and Sim Lian Development. The firms submitted the highest bid of S$492.8 million for the site in a tender that closed on November 30. The price translates to around S$8,667.73 per sq m. Launched for sale on October 11, the 99-year lease site measures...
Developers Sim Lian Land and Sim Lian Development have topped a tender for a 99-year-lease residential site at Punggol Central and Punggol Walk. The Urban Redevelopment Authority (URA) closed on Tuesday, the tender for the site, after receiving a total of seven bids.Sim Lian's bid translates to about S$406 per square foot. The next highest bid of S$361.7 million dollars came from Qingdao...
Property developer and builder Sim Lian Group has recorded a full-year profit before income tax of $129.4 million in FY2010, 141% higher than the $53.6 million recorded in FY2009. Revenue from property development division contributed $582.1 million to the group’s revenue in FY2010 compared to $394.9 million in FY2009, an increase of 47.4%. The increase in revenue from property development division was...
The Housing Development Board (HDB) has awarded the tender for the site at the junction of Tampines Avenue 5 and Tampines Central 8 to Sim Lian Land. The property developer submitted the highest bid at some S$178 million. This translates to about S$253 per square foot. The 32,000 square metre site is designated for public housing under the Design, Build and Sell Scheme (DBSS). It was launched in June...
Developer Sim Lian Group, through its subsidiary Geo-Tele, has offered to sell its property at 9 Tai Seng Drive to Sabana Investment Partners (SIP) for S$46.3 million. The construction and property company said the offer price represents a premium of 78 per cent over the book value and presents an attractive opportunity for it to dispose of the asset. The firm will require the approval of JTC...
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...
More signs of Singapore’s property market slowing: Tenders for a plot of government development land have closed, attracting one of the lowest bids in recent years. The residential site bordering Choa Chu Kang Road and Woodlands Road on offer attracted just two bids. The highest offer came from an arm of Peak Properties, which is controlled by the Wee family. It offered $61 million, which works out to...