Singapore Property and Real Estate News Portal

Hong Leong Asia sells building materials business to Tasek Posted: 28 April 2008 2249 hrs KUALA LUMPUR: Hong Leong Asia’s shares closed 1.9 percent higher at S$2.65 on Monday after the company agreed to sell its building materials business to Malaysian cement maker Tasek Corp for S$323.5m in an all-share deal. Tasek said in a [...]

UOB Kay Hian offers highest bid for site at Scotts Road By Channel NewsAsia | Posted: 24 April 2008 2208 hrs SINGAPORE: The tender for the transitional office site at Scotts Road/Anthony Road has attracted strong bids. There were a total of eight bids at the close of the tender on Thursday. UOB Kay Hian [...]

Keppel Land’s Q1 profit down 3.5% on year By Timothy Ouyang, Channel NewsAsia | Posted: 23 April 2008 2125 hrs SINGAPORE: Mainboard-listed Keppel Land has posted a 3.5 percent drop in quarterly earnings. First quarter net profit came in at S$60.3 million, down from S$62.5 million in the same period last year. This was much [...]

KSH Holdings clinches S$126.8m deal to build condo at Sentosa Cove By Rachel Kelly, Channel NewsAsia | Posted: 17 April 2008 1610 hrs SINGAPORE : Construction and property developer KSH Holdings has secured a S$126.8 million contract to build a condominium development at Singapore’s Sentosa Cove. The contract is the first of its kind to [...]

CapitaLand, HPL secure S$2b financing facilities for Farrer Court acquisition Posted: 11 April 2008 2042 hrs     Photos 1 of 1 Farrer Court         SINGAPORE: Property developers CapitaLand and Hotel Properties Limited (HPL) have secured financing facilities worth nearly S$2 billion for their collective purchase of Farrer Court estate in prime district [...]

Some upside in failed en bloc deals By ARTHUR SIM LOOKING for a silver lining when nothing looms but storm clouds may seem a futile exercise. Savills Singapore estimates the number of new units from en bloc sites bought by construction companies in 2007 at more than 800. But recent events surrounding the failed collective [...]

Soilbuild wins S$148m JTC contract to build facility at Fusionopolis Posted: 09 April 2008 2133 hrs SINGAPORE : Property developer Soilbuild on Wednesday said it has secured a S$148 million contract from JTC Corp to develop a multi-tenanted facility at Fusionopolis. The proposed development is a 16-storey multi-tenanted facility at one-north that will cater to [...]

Construction of Singapore’s first Hard Rock Hotel to start in May By Wong Siew Ying, Channel NewsAsia | Posted: 08 April 2008 2003 hrs SINGAPORE: Construction of Singapore’s first Hard Rock Hotel, which will be located at the upcoming Resorts World at Sentosa, will begin in May. The 360-room hotel is one of six to [...]

Jurong to transform from industrial zone to Lake District By Jessica Cheam MENTION Jurong now and it conjures images of industrial land and sleepy suburban homes – but within the next decade, this district will get a stunning makeover that will transform it into Singapore’s only lakeside destination to live, play and work. The blueprint [...]

West Coast condo site awarded to Cheung Kong-linked firm THE Urban Redevelopment Authority (URA) has awarded the tender for the residential site at West Coast Crescent to Cheung Kong Holdings-linked Billion Rise. The company submitted the highest bid of $110.44 million – or $305 per sq ft per plot ratio – for the 99-year leasehold [...]