2018 new home sales forecast to wilt by a quarter

THIS year's new home sales could be as much as 25 per cent lower than last year's levels, market watchers said, after government data revealed subdued home-buying activity in August as a result of the cooling measures and also the Hungry Ghost Festival...

Vividthree to raise S$12.95m in IPO

VIVIDTHREE Holdings (VVH) is looking to raise gross proceeds of S$12.95 million, comprising 51.8 million shares at S$0.25 apiece in a proposed spin-off and Catalist listing on Sept 25.

Yangzijiang Shipbuilding sets up JV company with Mitsui & Co

YANGZIJIANG Shipbuilding has agreed to establish a joint venture company in the Republic of Panama with an initial registered share capital of US$13.2 million with Mitsui & Co, with each taking a 50-50 stake.

Sapphire Corporation secures 436m renminbi contract

SAPPHIRE Corporation has secured a new contract worth 436 million renminbi (S$87.2 million) to build a subway station and two intervals, including underground passenger pathways access in Hangzhou, China.

BBR wins S$60m of contracts

BBR Holdings has snagged several contract wins totalling S$60 million, the mainboard-listed construction and specialised engineering company announced in a Singapore Exchange filing on Monday night.

Evia, Gamuda jointly make top bid for Anchorvale site by hair's breadth

EVIA Real Estate and Gamuda, working as a team, emerged the top bidder for the Anchorvale Crescent EC site - pipping the next highest bidder by a mere S$899.

Evia Real Estate and Gamuda top bidder for Anchorvale Crescent executive condo site

EVIA Real Estate and Gamuda have joined hands to become the highest bidder for the executive condominium (EC) site Anchorvale Crescent in Sengkang at S$318.89 million or S$576.2 per square foot per plot ratio (psf ppr).

Horizon Towers' S$1.1 billion tender sale ends with no takers

THE tender for Horizon Towers - the first major en bloc exercise to close after July's property cooling measures - ended on Wednesday without a single bid...

East Court seeks S$19m in en bloc tender

EAST Court is the latest development here to go en bloc.

Billion-dollar sites not giving up on en bloc dreams

DESPITE fears that the latest cooling measures could sound the death knell for mega en bloc sites, billion-dollar projects are pressing on with their collective sale plans.

Major US buy sparks talk of Ascendas-Singbridge Reit

IN its latest expansion beyond the Asia-Pacific, Ascendas-Singbridge Group has bought a portfolio of 33 high-quality office properties in the US for an undisclosed sum, marking its entry into the US market.

Measured bid counts in latest Government Land Sales tenders for private housing

BIDDING turnouts at two of three state tenders that closed on Tuesday were noticeably subdued, reflecting developers' sentiment following the latest property cooling measures. ...

9 bids for Canberra Link EC site; 5 for Dairy Farm Road plot and 3 offers for Jalan Jurong Kechil at state land tenders

UNITED Engineers' UED Residential has submitted the top bid of S$368.8 million, or S$830 psf per gross floor area (GFA) for a Government Land Sales (GLS) site at Dairy Farm Road. ...

Forest City golf course opens amid uncertainty for project

A RM1.8 billion (S$599.6 million) golf resort and golf course at Forest City opened its doors to the public on Sept 1, with Country Garden touting its economic benefits even as the mega-project becomes shrouded in uncertainty.

Space Matrix to enter China market by buying design firm

SINGAPORE-BASED Space Matrix is entering China by buying a local interior design and construction company called Muraya, as the workplace design and consultancy guns for growth on the back of the Chinese office market.

Johor's Forest City golf course opens even as mega-project's fate is unclear

A RM1.8 billion (S$599.6 million) golf resort and golf course at Forest City opened its doors to the public as at Sept 1, with Country Garden touting its economic benefits as the mega-project comes under scrutiny.

ESR-Reit, Viva Industrial Trust request lifting of trading halt after merger gets nod

ESR-REIT requested a lift of its trading halt on Monday morning before trading hours began, days after unitholders approved a merger with Viva Industrial Trust (VIT) that bringsthe sending the real estate investment trust (Reit) closer towards becoming Singapore’s fourth-largest industrial property...
BT EXCLUSIVE

Cushman appoints Dennis Yeo as CEO for Singapore, S-E Asia

PROPERTY veteran Dennis Yeo has been appointed chief executive of Cushman & Wakefield Singapore and South-east Asia.

Capital World's full-year profit down 17.7% to RM57.7m

LOWER revenue from a decrease in an incremental percentage of completion for Capital City Mall weighed down results for Catalist-listed property developer Capital World for its full financial year, it said in a Singapore Exchange announcement on Wednesday night.

Koufu's Q2 net profit slips 2.6%

KOUFU Group's Q2 net profit slipped 2.6 per cent to S$6.16 million from the preceding year, mostly due to a reduction in finance income, the group said in a Singapore Exchange filing...

SIAS sets up steering committee for Hyflux noteholders

THE Securities Investors Association (Singapore) or SIAS has established an informal steering committee for holders of Hyflux's Series 008, 009 and 010 notes which are due this and next year. This is to facilitate the company's engagement with the noteholders during the reorganisation,...

Vividthree lodges offer document for proposed spinoff, Catalist listing

VIVIDTHREE Holdings (VVH) lodged on Wednesday evening its preliminary offer document for the proposed spinoff and listing on the Catalist Board.

Lian Beng bags S$65m construction contract

LIAN Beng Group has secured a contract worth about S$65 million to construct a building starting Sept 10 through its wholly-owned unit, Deenn Engineering, it said on Wednesday evening in a Singapore Exchange filing.

SIAS sets up informal steering committees for Hyflux noteholders

THE Securities Investors Association (Singapore) has established an informal steering committee for holders of Hyflux's Series 008, 009 and 010 notes which are due this year and next.<br/><br/>This is to facilitate the company's engagement with the noteholders during the...

Koufu's Q2 net profit falls 2.6% to S$6.16 million

KOUFU Group's net profit slipped 2.6 per cent to S$6.16 million from the preceding year due to a reduction in finance income, the group said in a Singapore Exchange filing on Wednesday evening...