Guocoland
DBS bullish on developers, hikes up target prices for CDL, UOL, GuocoLand
The increase comes on lower interest rates and plans by these firms to recycle capital and rejuvenate assets
GuocoLand and IOI Properties should pool assets worth S$12.5 billion for a Singapore office-led Reit
Leverage softer interest rates and the clamour for premier assets
Penrith sells 97% of project at average S$2,800 psf; Faber Residence moves 86% at average S$2,160 psf
Queenstown and Clementi projects ring up firm sales after near sell-out of Holland Village condo last week
Hong Leong Holdings to launch Penrith with prices from S$2,437 psf
The Queenstown project comprises 462 units ranging from two to four-bedroom apartments across two 40-storey towers
GuocoLand to launch Faber Residence with prices starting at S$1,995 psf
The project comprises 399 units of two- to five-bedroom apartments in nine five-storey blocks
Strong home sales power developers’ H1 earnings, analysts upbeat on firm sentiment, steady pipeline
Analysts raise calls and target prices for CDL, UOL, GuocoLand and agencies PropNex, Apac Realty
GuocoLand unit divests Thistle Johor Bahru hotel for RM150 million
The group is expected to enjoy a net gain of about RM35 million upon completion of the sale
GuocoLand falls by nearly 3% after reporting slump in H2 net profit to S$32.4 million
The property developer’s earnings fall 48% on the year
GuocoLand’s H2 net profit falls 48% as China losses offset Singapore growth
This is despite a 20.3% increase in revenue
GuocoLand bucks overall market slide on Springleaf sales as shares rise 1.1%
The development is the seventh project to be launched in Upper Thomson’s District 26
