Lian Beng books record full-year earnings of S$12m

Lian Beng books record full-year earnings of S$12m
 
SINGAPORE: Singapore mainboard-listed construction firm, Lian Beng, has booked record annual earnings.
 
Net profit for the full year ended in May came in at S$12 million – up 175 per cent on year.
 
The jump was fuelled by robust construction activity in Singapore as revenue rose 40 per [...]

Developer collaborates with Starck for luxury residential project

Developer collaborates with Starck for luxury residential project
 
SINGAPORE: Luxury-end private residences in Singapore are facing price pressures, and one developer hopes to get around that by having a famous brand-name designer work on its project.
 
Heeton Realty – a joint venture between Singapore developer Heeton Holdings and JP Morgan – is counting on the collaboration [...]

CapitaLand subscribing to 54% of Australand’s rights issue

CapitaLand subscribing to 54% of Australand’s rights issue
CapitaLand said today that it is subscribing to about 54 percent of its Australian unit Australand’s one-for-one rights issue.
 
It will pay some 302 million Australian dollars, or about 392 million dollars for the purchase.
 
A majority shareholder of Australand, CapitaLand said its commitment to subscribe for its full [...]

Australand’s H1 profit falls 79%

Australand’s H1 profit falls 79%
Australia and Singapore-listed developer Australand Property Group today reported a 79 percent drop in fiscal first half profit.
 
In a filing with the Singapore Exchange, the Australian group said its net profit in the first half this year was 25.6 million Australian dollars.
 
It will pay a first half dividend of 8 [...]

Heeton optimistic about Grange Road project

Heeton optimistic about Grange Road project
By Irene Chan
 
Despite analyst predictions that high-end property prices are headed for a correction, Singapore-listed Heeton Holdings remains upbeat about its latest Grange Road residential project with JPMorgan.
 
With world renowned interior designer group, Yoo, designing the project, the boutique developer said it’s not worried about a lack of interest [...]

Lian Beng full year net profit more than triples to $11.9m

Lian Beng full year net profit more than triples to $11.9m
Singapore-listed construction firm, Lian Beng Group, says its full year net profit more than tripled to 11.9 million dollars.
 
This was on the back of a 40 percent rise in revenues to 194.8 million dollars for the 12 months ended May.
 
Propelled by a buoyant construction [...]