Property developer Tuan Sing Holdings said it is seeing encouraging take-up from buyers for its Cluny Park Residence project. The high-end condominium was launched on Thursday. Located in the Bukit Timah district, the freehold development spreads across close to 49,000 square feet. Cluny Park Residence has 52 units and each unit has been priced from about S$2.3 million. So far, about 20 units...
Tuan Sing
Tuan Sing Holdings announced on Monday its net profit for the third quarter totaled S$5.2 million, down 89 per cent from the corresponding period last year due in part to property cooling measures by the Chinese government. Revenue fell 75 per cent to S$47.05 million, the company said in a statement to the Singapore stock exchange. This brought the nine months' revenue and net profit to S$168.1 million...
Singapore-listed Tuan Sing said its full-year net profit rose 53 per cent to S$68.2 million for the period ended December 31. The higher profit is on the back of strong full-year revenue, which is up 24 per cent to S$274 million. The bulk of its revenue came from its industrial services, which benefited from the strong performance of commodities trading, and also from services rendered to an Indonesia...
Mainboard-listed property and industrial services firm Tuan Sing said on Monday that it has sold Katong Mall for S$247.55 million. Its wholly-owned subsidiary, Golden Cape Investments, sold the property to an unrelated third party, Perennial Katong Retail Trust. Golden Cape secured 100 per cent ownership of Katong Mall through a successful bidding of S$219 million in an en bloc sale in June last...
Katong Mall has been sold in a collective transaction to property developer Tuan Sing Group for S$219 million. Including a premium of S$24.5 million to top up the site's lease, the price works out to about S$865 per square foot of gross floor area. The tender for the 99-year leasehold commercial development in the Marine Parade area was launched in May. Katong Mall, located at the junction of East Coast...