Topic of Interest: #Developers (5,336 Articles Found)

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Is property development in Singapore becoming an unsustainable business?

Following comments by top government officials and analysts this past week about the resurgent property market, some investors will understandably be bracing themselves for another round of cooling measures. They should perhaps also begin asking whether the standard…

Hoi Hup-Sunway sell 59% of units at Parc Central Residences at launch

At Parc Central Residences EC, 414 out of a total of 700 units were sold on the first day of launch on Jan 23. Average selling price for units sold at the end of the booking exercise was…

Singapore real estate firm Frasers Property commits to net zero emissions by 2050

Frasers Property has committed to be carbon neutral by 2050. The company, which made the announcement on Thurs in its sustainability report, is the first publicly listed Singaporean company to set a net-zero carbon emissions target for the…

Linked detached house at Lengkok Merak for $16.95 mil

When Michael Ang, MD of Hansa Land and builder, Hong Kiat Construction, came across the semi-detached located at the corner of Lengkok Merak, just off One Tree Hill, he felt he had to buy it. This was because…

The Reef at King’s Dock: ‘An urban village’

The Reef at King’s Dock previewed over the weekend of Jan 16–17 and drew 1,300 visitors. It will be officially launched on Jan 30–31. The 429-unit luxury condominium, which sits on a 284,266 sqft, 99-year leasehold land strip…

Did UOL underprice its Clavon launch?

When UOL Group sold 442 units at the Clavon condo along Clementi Ave 1 by the end of the first day of its public launch, Dec 12, it achieved the best launch-day sale volume for a Singapore private…

What you need to know about en-bloc sales in 2021

1) Limited supply of land in limited places – For 1H 2021, there are only three confirmed residential sites. So coupled with the healthy uptick in transaction volumes, we do expect more collective sale interest in the coming…

Property developers facing better year ahead in 2021

A feared slump in the private property market did not quite materialise in 2020; and with the ongoing momentum in the sales of private homes, things may have turned a corner for developers heading into 2021. Despite the…

Scion of Singapore’s richest family strives to salvage China deal

Pressure is mounting on an heir to Singapore’s biggest family fortune as he seeks to salvage the troubled property investment at the centre of an ambitious expansion into China. In the past month, Sherman Kwek, the 45-year-old CEO…

JPMorgan’s new Singapore home still trying to find tenants

Three years ago, it was touted as a development that would rejuvenate Singapore’s CBD. But an upcoming building in the city-state could have fallen victim to the pandemic, which has upended the office market as work from home…

Singapore may act to stall rising home prices, analysts say

Singapore may be considering another round of measures to cool residential prices, according to market analysts, who see recent ministerial remarks as a signal for the possible move. Comments made by the city-state’s DPM indicate the government is…

CapitaSpring tops out, ready for completion in 2H2021

Soaring 280m tall in the Raffles Place CBD, CapitaSpring has topped out, with about 75% of the overall construction completed, and is set to receive its TOP in 2H2021. To date, about 38% of CapitaSpring’s 647,000 sqft of…

An increase in property price index between 5-8% could tip property market into ‘bubble territory’: DBS

As the Singapore property market maintains its upward trajectory in 4Q2020 despite the country entering the worst recession in 20 years, DBS Group Research analysts Derek Tan, Rachel Tan, Dale Lai and Geraldine Wong has identified four factors…

‘Stable’ home demand set to carry into 2021, support property sector: CGS-CIMB

Buoyed by strong demand for new homes, the property development and investment sector is set to carry “stable” volume demand into 2021 despite the pandemic, says CGS-CIMB Research analyst Lock Mun Yee. Lock is maintaining “overweight” on the…

Property developers must take the lead in industry transformation as S’pore seeks to innovate better: Heng Swee Keat

Property developers in Singapore have to set the pace for industry transformation in the post-pandemic world, where an increasing premium will be placed on sustainability and resilience. Calling on developers to build a sustainable, caring and liveable city,…

Ideas for Jurong Lake District include bigger plots, signature events

Property developers, investors and businesses have offered several suggestions for JLD, which is set to provide over 100,000 new jobs and 20,000 new homes when it is fully developed. These ideas include the government selling larger sites “with…

Property market must remain stable so young Singaporeans can own homes: DPM

DPM Heng said the government is paying “close attention” to the local real estate market “to ensure that it remains stable”. This is because “we must continue to enable young Singaporeans to own their homes and fulfil their…

Singapore government to ensure property market is in line with economic fundamentals

The Singapore government is monitoring the developments in the property market “very closely”, and will adjust policies if necessary, to maintain a stable and sustainable property market for Singaporeans, said MND Minister Desmond Lee. Speaking at BCA-Redas Built…

Normanton Park sells close to one-third of units on launch weekend

Chinese developer Kingsford Huray Development’s Normanton Park, the first new residential project launch of 2021, sold about 600 residential units by 9pm on Jan 16, the first day of its launch. That is equivalent to 32.6% or one-third…

How does Normanton Park’s former “no-sale license” matter to buyers?

Normanton Park is shaping up to be one of the hot launches of 2021. It’s close to the One-North tech hub, an area where housing options have been few to date; and we won’t be too surprised if…

Lian Beng-led consortium buys BreadTalk HQ for $118 mil

A consortium led by Singapore-listed construction and property development company Lian Beng Group, announced that it has entered into a put and call option agreement to purchase the BreadTalk HQ Building for $118 million. Lian Beng holds a…

Developers expected to continue milking positive market conditions to push new projects this year

After topping their 2019 sales performance last year despite the pandemic-induced recession, developers are poised to continue their new project launch momentum this year. JLL Singapore’s senior director of research and consultancy, Ong Teck Hui, noted that for…

BHG Singapore to launch Raffles City concept store at former Robinsons space

A new concept store opening at the end of this month will take over two floors of retail space vacated by Robinsons at Raffles City Shopping Mall. One Assembly, a “creative collaboration” with department store BHG, will feature…

Old rich, next gen

Born in Jan 1985, “at the tail end of the Year of the Rabbit”, Andy Lim, group CEO of JL Family Office (JLFO), will be celebrating his 36th birthday soon. However, he won’t be able to celebrate it…

Lian Beng H1 net profit falls 5.2% to S$17.6m

The financials of Lian Beng Group took a hit in the first half-year, as Covid-19 restrictions hammered the construction segment. Net profit fell 5.2 per cent y-o-y to S$17.6 million for the six months to Nov 30, 2020,…

Mapletree, Keppel Land to launch luxury waterfront project

Mapletree Investments and Keppel Land are jointly developing a new luxury waterfront project, The Reef at King’s Dock, which will open for preview from 16 Jan The Reef at King’s Dock is strategically located in the HarbourFront and…

Frasers Property recognized for green initiatives

Five commercial properties of Frasers Property were presented eight certificates as recognition of their strong efforts made in implementing building practices and initiatives to reduce carbon footprint and promote sustainable consumption and production. The Frasers Tower, Alexandra Technopark,…

Chip Eng Seng warns of a net loss for FY2020 due to COVID-19

Chip Eng Seng expects to report a net loss for FY2020 compared to its $32.6 million net profit for FY2019, due to the COVID-19 pandemic’s adverse impact on the group’s businesses. In a profit warning issued on Mon,…

CDL exec chair defends new independent board directors

City Developments (CDL) executive chairman Kwek Leng Beng has come out to defend recent appointments to the board and reassure investors after an exodus of directors put the spotlight on bitter internal divisions over the group’s investment in…

Is the EC market immune to the pandemic?

Five new EC developments with about 2,800 units in total could be launched in the next three years. The first EC project to be launched will be the 700-unit Parc Central Residences by a JV between Hoi Hup…

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