October new private home sales fall, rebound seen this month on new launches

NEW private home sales slumped month-on-month in October owing to a dearth of new launches, but analysts expect sales to rebound in November, thanks to a slew of major launches.

New private home sales in October dive by nearly 48% over September amid absence of new launches

DEVELOPERS in Singapore sold 487 private homes last month, falling nearly 48 per cent from the 932 units moved in September, owing to an absence of major launches in October. 

CapitaLand sees Q4 earnings boost from recognition of residential units sold in China

PROPERTY developer CapitaLand expects the fourth quarter to receive a boost from a bumper recognition of residential units sold in China.
NEWS ANALYSIS

Billion-dollar en bloc candidates still in play, but will developers bite?

MANDARIN Gardens, a 99-year leasehold condominium, recently raised its asking price by nearly 12.5 per cent from S$2.479 billion to S$2.788 billion, after it was discovered that the land that the residential development is situated on had been undervalued by over S$300 million.

CapitaLand wins bid for prime Guangzhou site while expanding footprint

CAPITALAND has won a prime mixed-use, 4.7 hectare site in Guangzhou, China, for 882 million yuan (about S$175 million) as it continues to expand its footprint in Guangzhou.

Centurion Corp reports Q3 profit of S$7.32m

CENTURION Corporation's third-quarter net profit was 21 per cent higher year on year at S$7.32 million...

Delfi posts stronger profits in Q3

CHOCOLATE maker Delfi reported a 19 per cent jump in net profit to US$4 million for the third quarter ended Sept 30.

Jawala Inc voluntarily suspends trading of its shares

JAWALA Inc has voluntarily suspended the trading of its shares as it requires more time to seek clarification from the authorities and regulators in Malaysia in relation to the suspension of its subsidiary's main bank accounts...

Boustead Singapore Q2 FY19 profit down 3%

BOUSTEAD Singapore's net profit for the second quarter ended Sept 30 slid 3 per cent year-on-year to S$6.89 million...

Straco Corp reports flat net profit for Q3

TOURISM attractions operator Straco Corporation's net profit for the third quarter ended Sept 30 was about flat at S$21.42 million...

Oxley Holdings posts lower net profit for Q1 FY19

DEVELOPER Oxley Holdings’ first-quarter net profit sank 83 per cent year on year to S$8.06 million.

Metro in the black in Q2 FY19

METRO Holdings swung into the black with a net profit of S$12.81 million for the second quarter ended Sept 30, versus a net loss of S$13.75 million a year ago.

CapitaLand lands bid for site in Guangzhou for 882m yuan

CAPITALAND has won a prime mixed-use, 4.7 hectare site in Guangzhou, China, for 882 million yuan (about S$175.2 million).

Cosco Shipping Q3 profit down on absence of profit from discontinued operations

COSCO Shipping International's third-quarter net profit fell 91 per cent year on year to S$2.12 million as the corresponding quarter a year ago was boosted by a profit from discontinued operations of $23.6 million relating to the disposal of the group's shipyard business in China...
TOPLINE

Gearing up for growth in Asia-Pacific

REAL estate services group Cushman & Wakefield is turning its focus to building its service lines in its existing markets as well as acquisitions to facilitate its growth across the Asia-Pacific.

Oxley subsidiary sells 300-year lease on Ireland project for 106.5m euros

OXLEY Holdings' wholly-owned subsidiary, Oxley Docklands Quay One and National Asset North Quays DAC, has sold a 300-year lease on No 2 Dublin Landings in Ireland for 106.5 million euros (S$166.5 million)...

100 units of The Woodleigh Residences released for sale

THE Woodleigh Residences sold 60 per cent of the 50 units released for sale during the soft launch, which prompted joint developers Kajima Development and Singapore Press Holdings to release another 50 units.

MAS, SGX leverage blockchain tech to settle tokenised assets

THE Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX) have developed Delivery versus Payment (DvP) capabilities to settle tokenised assets across different blockchain platforms.

Oxley unit sells 300-year lease of No 2 Dublin Landings

OXLEY Holdings' wholly-owned subsidiary, Oxley Docklands Quay One and National Asset North Quays DAC, has sold a 300-year lease of No 2 Dublin Landings in Ireland to Landings 2 Propco SA RL for 106.5 million euros (S$166.5 million)...

MAS, SGX develop capabilities for settlement of tokenised assets

THE Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX) have developed Delivery versus Payment (DvP) capabilities to settle tokenised assets across different blockchain platforms.

LTA announces changes to parking provisions from February 2019

REVISIONS to parking requirements for private and commercial developments will kick in from 1 Feb next year, which the Land Transport Authority (LTA) says would give developers greater flexibility in managing parking provisions.

Naumi Hotels expands portfolio with acquisition of two hotels in Wellington

SINGAPORE-BASED hospitality group Naumi Hotels is expanding its footprint in the region with the acquisition of two hotels in Wellington, New Zealand.

Ho Bee Land's Q3 profit up on higher share of associates' profits

BOOSTED by higher share of profits of associates, property developer Ho Bee Land's third quarter net profit rose nearly 25 per cent year on year to S$67.75 million...

Ho Bee Land's Q3 profit up almost 25%

PROPERTY developer Ho Bee Land's third-quarter net profit rose nearly 25 per cent year on year to S$67.75 million...

OUE Hospitality Trust Q3 DPS falls 5.9%

OUE Hospitality Trust's (OUE H-Trust) distribution per stapled security (DPS) for the third quarter ended Sept 30 fell to 1.28 Singapore cents, down 5.9 per cent from 1.36 cents in Q3 FY17...