SC Global Q1 earnings jump 75% to S$19.2m, outlook cautious

SC Global Q1 earnings jump 75% to S$19.2m, outlook cautious
 
SINGAPORE : Property developer SC Global saw its net profit jump 75 percent in the first quarter to S$19.2 million, despite revenue falling 20 percent to S$43 million.
 
But the outlook going forward appears cautious. Like many other developers releasing results in recent days, SC [...]

Former MHA Complex at Tanglin Road put up for tender

Former MHA Complex at Tanglin Road put up for tender
 
SINGAPORE: The former Ministry of Home Affairs (MHA) Complex at Tanglin Road, which is also known as Phoenix Park, has been placed for tender.
 
According to the Singapore Land Authority (SLA), the prime site on the fringe of the Orchard Road belt will be open [...]

SC Global Q1 net profit up 75%

SC Global Q1 net profit up 75%
 
SC Global Developments Ltd said net profit for the three months to end March 2008 rose 75 per cent to $19.21 million.
 
Revenue however slopped 20 per cent to $43.14 million.
 
During the quarter, the group began revenue recognition of its development project at The Marq on Paterson Hill based [...]

Wee Hur wins $5.7 million building contract

Wee Hur wins $5.7 million building contract
 
Wee Hur Holdings Ltd said its wholly-owned subsidiary, Wee Hur Construction Pte Ltd, has been awarded a $5.7 million contract for the proposed erection of 2-storey detached dwelling house with a swimming pool, located at Cove Drive, Sentosa.
 
The contract work is expected to be completed by December 31, [...]

CapitaLand says 2 China malls closed after quake

CapitaLand says 2 China malls closed after quake
 
SINGAPORE - CapitaLand Limited on Tuesday clarified that its properties in China are not affected by the earthquake in Sichuan.
 
 
However, two of its retail malls in Sichuan — Chengdu Jinniu Mall and Mianyang Fucheng Mall which are held by the CapitaRetail China Development Fund of which [...]

CDL likely to post 43 percent rise in net profit : Analysts

CDL likely to post 43 percent rise in net profit : Analysts 
 
Property developer City Developments is likely to report a first quarter net profit increase of 43 percent on-year to 180 million dollars.
 
That’s according to an average forecast from four analysts polled by Dow Jones.
 
The analysts said the company’s profit will get [...]

Old army barracks now a hip hangout for students

Old army barracks now a hip hangout for students
 
A FORMER home of British and Malayan soldiers has been converted into a hip hangout for students of the Singapore Polytechnic’s Dover Road campus.
 
Called Moberly, the old barracks, refurbished at a cost of over $1 million, is the last colonial building on the campus.
 
The building’s original facade [...]

What kind of paperwork deserves that much money for property agents?

What kind of paperwork deserves that much money for property agents? 
 
I WRITE to join Mr Patrick Sio’s discussion on the contentious issue of the 1 per cent property sales commission. Let me state that I am all for real estate agents who deserve their due. If a buyer has commissioned an agent to represent [...]

To pay or not to pay

To pay or not to pay
 
ONE week after The Straits Times reported that housing agency PropNex was suing two independent home buyers for not paying its agent a fee, the firm withdrew its case.
 
The agent, Mr Ricky Low Yong Sern, had been hired by the seller of a $400,000 terrace house in Whampoa which marketing [...]

UE’s Q1 profit falls 90% on fair-value losses

UE’s Q1 profit falls 90% on fair-value losses
 
By ARTHUR SIM
 
 
UNITED Engineers (UE) has reported Q1 2008 revenue of $133.6 million, up 9 per cent from the same period last year. But net profit was down 90 per cent to $1.22 million.
 
 
UE said operating profit was affected by fair-value losses from short-term investments and the carrying [...]