Hong Fok

Growth in sustainable loans for DBS has slowed but continues to outpace its broader portfolio.

ESG INSIGHTS

Issue 186: DBS takes systems approach to cutting emissions; families ripe for governance review

This week in ESG: Singapore bank says can’t scale decarbonisation on own; Family-sized need in Code of Corporate Governance review

5 Oxley Rise houses a two-storey bungalow with single-storey outhouses. It is a rare property in dense Singapore. It has huge grounds, a great location and a rich history.

Opinion & Features

THE LEVEL GROUND

Mind the perils of buying a minority stake in a landed home

Why purchasing a one-seventh interest in 5 Oxley Rise could be a big gamble

Holland Piazza was built on the original site of the Eng Wah open-air cinema in the 1970s.

Property

SINGAPORE PROPERTY

Hong Fok family scion Cheong Sim Lam buys retail property Holland Piazza for S$100 million

The buyer is likely to reposition the mall’s basement with wellness or entertainment operators to complement Holland Village’s family-friendly appeal

Hong Fok expects to continue recognising revenue from the sale of residential units in Concourse Skyline.

Companies & Markets

Hong Fok’s H2 FY2025 net profit rises 14.7% to S$23.1 million; revenue falls 13.9% to S$51.4 million

Revenue for H2 FY2025 falls 13.9% to S$51.4 million, from S$59.7 million in H2 FY2024

The property player attributed the 6% fall in its FY2024 revenue partly to lower revenue from the sale of its residential units in Concourse Skyline (right).

Reits & Property

Hong Fok’s H2 net profit plummets 75.2% as revaluation gain dives

However, revenue for the period is flattish at S$59.7 million

Property developer Hong Fok Corporation has acquired five ground-floor units at International Building for S$27.8 million.

Companies & Markets

Hong Fok acquires five units at International Building for S$27.8 million

The group now owns all units of the commercial building in Orchard Road

The company attributed the drop in revenue to falling sales of residential units in Concourse Skyline, a condominium in Beach Road.

Companies & Markets

Hong Fok H2 net profit falls 61.5% as Concourse Skyline sale dips

PROPERTY developer Hong Fok posted a net profit of S$81.2 million for the second half of 2023 on Thursday (Feb 29), a 61.5 per cent drop from its earnings of S$211 million in the year before.

Hong Fok has businesses in property investment, property development and construction, and property management.

Companies & Markets

Hong Fok to join MSCI Singapore Small Cap Index

PROPERTY developer Hong Fok is set to join the MSCI Singapore Small Cap Index after the market closes on Wednesday (May 31).

Hong Fok said that it expects to continue to recognise revenue from the sales of the residential units in Concourse Skyline (in picture).

Companies & Markets

Hong Fok H1 net profit jumps 80% to S$9.1m

PROPERY developer Hong Fok Corporation net profit rose 80 per cent to S$9.1 million for the first half of the fiscal year ending Jun 30, 2022, from S$5.1 million in the year-ago period.

Hong Fok continues to buy back shares, joint-CEOs up stakes

Companies & Markets

INSIDE INSIGHTS

Hong Fok continues to buy back shares, joint-CEOs up stakes

FOR the 5 trading sessions over the span of Apr 8 to 14, the Straits Times Index lost 2 per cent. The Singapore market was closed on Apr 15 for Good Friday. Over the same period, the FTSE Bursa Malays...

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