Property developer Soilbuild on Wednesday said its net profit for the second quarter fell 12 per cent on year to S$20.3 million. This was due to an increase in its selling and operating expenses, as well as higher finance costs. But revenue rose 10 per cent to S$96.9 million, due to the progressive recognition of income from its condominium projects such as Leonie Parc View, The Centrio, Montebleue as...
Soilbuild
Property developer Soilbuild has tripled its net profit for the first quarter, seeing earnings rise to S$19.5 million. Revenue for the three months to March doubled to S$64.7 million. The higher revenue contributions came mainly from the firm's four residential projects - Montebleu, The Centrio and Espa - which are fully sold, and Leonie Parc View. Its Tuas Lot business space factories also contributed...
Singapore-listed property counters have been massively sold down in recent weeks. They are underperforming the benchmark STI, with losses of about 61 per cent year-to-date. With the outlook for the sector still cloudy, analysts say they would prefer to remain cautious on these property stocks for the year ahead. Weak new home sales in Singapore have translated into soft earnings, a poor outlook, and...
Niche property developer Soilbuild has put in the top bid of over S$13.6 million for an industrial site at Woodlands Industrial Park. This works out to S$30 per square foot per plot ratio. The site has a 60-year lease and can potentially yield a gross floor area of about 452,000 square feet of factory space. Consultants Colliers International said the top bid is in line with price expectations for sites...
Construction of Phase 2B of Fusionopolis has begun with the ground-breaking ceremony for a 15-storey building called Solaris. It is being developed by Soilbuild Group - the first private sector developer at Fusionopolis cluster at one-north. Its $148-million new building will cover :an estimated gross floor area of 540,000 square feet and is slated for completion in 2010. It will house research...
Singapore is seeing an overwhelming demand for research and development space, particularly from the info-communication, media and science sectors. So to meet the growing need, the government said it will expand the Fusionopolis cluster at one-north. This was revealed at the ground-breaking ceremony of Phase 2B of the development on Friday. The ground-breaking marks the start of Phase 2B of...
Niche property developer Soilbuild Group has won the tender to build, own and operate a stack-up factory in the Tuas area. The award for the 5-hectare site at Tanjong Kling Industrial Estate was given out by JTC Corporation. This is the first time that a stack-up factory development has been awarded to a private developer. JTC said Soilbuild clinched the contract because its concept included enhanced...