Shaw House, Shaw Centre may undergo major revamp next year

Shaw House, Shaw Centre may undergo major revamp next year
 
SINGAPORE : Another landmark near Orchard Road may soon get a facelift. Channel NewsAsia understands that Shaw Organisation is considering a major redevelopment of Shaw House and its neighbouring Shaw Centre.
 
According to some sources, an official announcement is expected by August. The news comes even [...]

Asia Food & Properties posts Q1 net profit of S$45m

Asia Food & Properties posts Q1 net profit of S$45m
 
SINGAPORE : Asia Food & Properties has returned to the black in its fiscal first quarter.
 
The firm reported a profit of S$45 million, overturning a loss of S$2.7 million in the year-ago period.
 
Revenue rose 9.5 percent to S$195 million, mainly from its China property [...]

Wing Tai reports 49% fall in Q3 net profit to S$28m

Wing Tai reports 49% fall in Q3 net profit to S$28m
 
SINGAPORE : Property developer Wing Tai Holdings on Monday said its third-quarter net profit fell 49 percent to about S$28 million.
 
This comes as revenue fell 63 percent to S$110 million.
 
For the nine months, its net profit declined 4 percent to S$133 million.
 
The [...]

Chip Eng Seng reports 40% rise in Q1 net profit to S$8m

Chip Eng Seng reports 40% rise in Q1 net profit to S$8m
 
SINGAPORE : Construction firm Chip Eng Seng has reported a 40 percent rise in first-quarter net profit to S$8 million.
 
Revenue rose 33 percent to about S$60 million, boosted mainly by its construction business. Chip Eng Seng’s revenue from construction projects jumped 74 percent [...]

AFP swings back into the black in Q1 08

AFP swings back into the black in Q1 08
 
Asia Food & Properties (AFP) on Monday reported a net profit of $45.44 million for the first quarter ended March 31, 2008, compared to a net loss of $2.8 million a year ago.
 
Revenue rose 9.5 per cent to $195 million, of which $147.5 million (75.6 per cent) [...]

Wing Tai Q3 net profit slips 4 pct on lower sales

Wing Tai Q3 net profit slips 4 pct on lower sales
 
Wing Tai Holdings on Monday said net profit for the third quarter ended March 31, 2008 fell 4 per cent to $133.08 million (US$97.30 million) due to lower sales from development properties.
 
Revenue for the third quarter fell 56 per cent to $320.84 million.
 
For the nine [...]

Orchard Parade Q108 net profit soars on hospitality

Orchard Parade Q108 net profit soars on hospitality
 
Orchard Parade Holdings Ltd on Monday reported net profit for the first quarter ended March 31, 2008 rose to $16.65 million (US$12.17 million) from $5.12 million a year ago due to better hospitality operations.
 
Earnings per share rose to 4.75 cents, compared to 1.46 cents a year earlier.
 
Revenue, however, [...]

Chip Eng Seng Q1 net profit up 39%; strong order book

Chip Eng Seng Q1 net profit up 39%; strong order book
 
Chip Eng Seng on Monday said net profit for the first quarter ended March 31, 2008 rose 39.4 per cent to $8.08 million, thanks to strong sales from construction projects.
 
 
Revenue rose 32.6 per cent to $59.95 million, due to a 73.8 per cent rise in [...]

It’s a landlord’s market in Geylang

It’s a landlord’s market in Geylang
 
LANDLORDS in Geylang are smiling all the way to the bank.
 
By Hedy Khoo
 
 
12 May 2008
 
LANDLORDS in Geylang are smiling all the way to the bank.
 
Mr Khoo Mui Hoon, 65, the previous landlord of Tanjong Rhu Pau, is all for the buzz and high traffic in the area.
 
He was happy to [...]

RENTS GO UP, SHOPS MOVE

RENTS GO UP, SHOPS MOVE
 
FORGET the red-light district.
 
By Hedy Khoo
 
 
12 May 2008
 
FORGET the red-light district.
 
The way rents are going, Geylang is now the red-hot district.
 
The demand for properties between Lorong 1 and 25 is so hot that rents have shot up, and some long-time businesses are being forced to move out.
 
One such casualty is the [...]