CapitaLand says Q1 profit down 59%
SINGAPORE: Singapore property developer CapitaLand said on Wednesday net profit in the first quarter fell 59 percent year-on-year to S$247.5 million (US$181.9 million).
The decline came mainly from an absence of exceptional gains, said CapitaLand, the largest developer in Southeast Asia.
Last year’s first quarter profit of S$608.1 million included [...]
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JTC releases North Buona Vista Drive site for sale
SINGAPORE: JTC Corporation releases its North Buona Vista Drive (LX 1-1) site for sale under the government’s reserve list .
The 99-year lease site is located at the junction of North Buona Vista Road and Commonwealth Avenue West.
Under the Reserve List system of the Government Land [...]
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Singapore housing upswing to continue to 2010: Lehman
Lehman Brothers says the upcycle in Singapore’s housing market is likely to last until 20-10.
The investment bank said it expects that there will be a deficit of up to 4.300 homes by 20-10, due to below-average public housing completion.
This will push homebuyers to the private housing [...]
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URA releases two residential sites for sale
SINGAPORE : The Urban Redevelopment Authority (URA) has launched a residential site at Woodleigh Close for sale by public tender.
At 1.08 hectare, market watchers said about 260-290 apartment units can be built on the plot of land, which is located near to the Potong Pasir MRT station.
A [...]
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HDB to launch executive condominium site at Sengkang
SINGAPORE : The Housing and Development Board (HDB) will launch on Wednesday a land parcel at Sengkang East Avenue for executive condominium development under the Reserve List System.
HDB said the 17,000 square metre plot will have a permissible gross floor area of over 51,000 square metres.
Property [...]
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Genting no longer in talks to build hotel at Sports Hub
SINGAPORE: Genting International has said it is no longer in talks with the Singapore Sports Hub Consortium to build a hotel in the Singapore Sports Hub.
In a statement to the Singapore Exchange (SGX), Genting said the Singapore Sports Council has decided not to have [...]
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More attractive to buy home instead of renting
Home loan borrowers benefit from falling interest rates
MARCEL LEE PEREIRA
WITH interest rates sliding,now could be a good time to move out of that rental apartment and get your own home.
Taking a home loan at a lower interest rate could translate into paying less than what you fork out [...]
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Will property hunters hit jackpot?
Some are buying Marine Parade flats, speculating MRT station will be here
TALK about planning ahead.
By Desmond Ng
29 April 2008
TALK about planning ahead.
News of the Eastern Region MRT Line was released only three months ago and the location of its 12 stations have yet to be announced.
The line is expected to [...]
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31 ’stayers’ back en bloc resister
Tuesday • April 29, 2008
Ansley Ng
ansley@mediacorp. com.sg
A GROUP of 31 home-owners — most of them facing en bloc battles in condominium estates islandwide — have showed their support for one of their ilk, who was featured on the cover of Weekend Today.
Yesterday, representatives of the group, who call themselves the [...]
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CapitaLand completes compulsory acquisition of Ascott
SINGAPORE: Property developer CapitaLand has completed the compulsory acquisition of the Ascott Group, a serviced-apartments operator.
From 28 April, Ascott becomes an indirect wholly-owned subsidiary of the company.
It will be delisted from the Singapore Exchange with effect from 29 April.
CapitaLand said the privatised Ascott will enhance the company’s [...]
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