Topic of Interest: #TheEdge (3,306 Articles Found)

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UIC secures first $300 mil in green and sustainability-linked loans

UIC has secured its first green and sustainability-linked loans totalling $300 million. The loans from UOB and DBS comprise two three-year revolving credit facilities. The first is a $200 million sustainability-linked loan, which is for partial refinancing of…

2, 4 and 6 Mount Emily Road collectively sold for $18 mil

Three adjoining three-storey residential buildings at 2, 4 and 6 Mount Emily Road have been sold via a collective sale to ZACD Intl at $18 million. It is the first collective sale of the year. The freehold properties…

112 Telok Ayer Street up for sale at $8.8 mil

A two-storey conservation shophouse with attic at 112 Telok Ayer St has been put on the market for a guide price of $8.88 million. The property sits on a land plot measuring around 770 sqft and has a…

DC rates increase by 0.3% on average for non-landed residential and decrease 1.5% for commercial

MND has revised DC for the period of Mar 1 to Aug 31. For non-landed residential developments or redevelopments, DC rates have increased by an average of 0.3%. Sectors 97 and 98 witnessed the highest increase of 6.3%,…

CDL records $1.78 bil impairment on Sincere Property Group; declares $1.92 bil loss for FY20

City Developments Limited (CDL) has recorded a loss of $1.917 billion for the FY2020 ended Dec from earnings of $564.6 million a year ago. The significant loss was due to the group’s decision to write down 93% of…

Property segment boosts Tuan Sing to 55% increase in FY20 earnings of $52.4 mil

For the FY2020 ended Dec, Tuan Sing saw earnings of $52.4 million, 55% higher than earnings of $33.7 million the year before. FY2020 net profit was up by 78% y-o-y to $59 million, with its property segment resilient…

Ho Bee Land reports 2HFY2020 earnings of $46.5 mil, books fair value loss of $32.8 mil

Ho Bee Land has reported earnings of $46.5 million for the 2HFY2020, down 84% y-o-y, as it booked fair value losses of $32.8 million on investment properties for the six months ended Dec 2020. In contrast, it booked…

UOL posts 97% plunge in FY20 earnings to $13.1 mil on fair value losses on investment properties and other losses

UOL Group has reported a 97% plunge in FY2020 earnings of $13.1 million compared to earnings of $478.8 million in the FY2019. For the period ended Dec, the lower earnings were due mainly to fair value losses on…

Centurion’s controlling shareholder David Loh assumes executive role

Centurion Corp has re-designated one of its controlling shareholders, David Loh Kim Kang to be the executive director of the group, from non-executive director previously. As at Feb 26, Loh has entered into a three-year service contract with…

A slice of Paradise on Sentosa Cove

Interior designer Hege Torgersen reckons that she and her family were among the earliest residents at Sentosa Cove back in 2007. Home then was a corner terraced house at Ocean 8, a row of eight terraced houses along…

Buying in Sentosa Cove — at a discount to luxury homes on the mainland

Buying activity in Sentosa Cove has certainly picked up — especially in the second half of last year, post-”circuit breaker”, says Steve Tay, senior associate VP of List SIR. “I see more local Singaporeans viewing properties for investment…

Fixer-upper opportunity at Lakeshore View for $12.8 mil

Michael Wan, senior associate director of Savills Residential, has been managing a bungalow on Lakeshore View in Sentosa Cove on behalf of its absentee owners who are based overseas. They purchased the bungalow plot from SDC in 2005…

Executor sale of detached house at Kovan Close for $5.5 mil

A two-storey detached house at Kovan Close, consisting of four bedrooms and a helper’s room, will be put up for auction at a guide price of $5.5 million on Mar 24 by Edmund Tie. It is an executor…

Seller of Grange Residences unit reaps $3.9 mil profit

The seller of a unit at Grange Residences, along Grange Road, made the top gain of $3.9 million during the week of Feb 9 to 16. The 2,852 sqft unit on the eighth floor was bought for $3.48…

Cove Grove bungalow tests the market at $4,111 psf

Bungalow transactions in Sentosa Cove have picked up markedly since late last year. This year, two properties have been sold, according to caveats lodged in Feb: One on Paradise Island for $12.7 million ($1,296 psf) and another on…

Keppel Corp chairman Lee Boon Yang to retire, Danny Teoh to take over

Keppel Corp’s non-executive chairman Dr Lee Boon Yang will retire from the company with Apr 23 2021, right after its upcoming AGM. Danny Teoh, currently chairman of Keppel Corp’s audit committee, will succeed Dr Lee, a former long-serving…

APAC Realty reports FY2020 earnings of $16.3 mil, up 17.8%

APAC Realty, which owns the ERA property agency here, has reported earnings of $16.3 million for the financial year ended Dec 31 2020, up 17.8% over the preceding FY2019. Revenue in the same period was $395.1 million, up…

ISOTeam wins another $24.33 million worth of contracts

ISOTeam which provides painting and maintenance services, has been awarded contracts worth $24.33 million to be fulfilled between May this year and Mar 2024. Together with the $63.1 million worth of projects that it had clinched year-to-date for…

UIC sees 85% plunge in FY20 earnings of $90.2 mill due to lower revenue, fair value losses

UIC saw a 85% plunge in its earnings for the FY2020 ended Dec to $90.2 million, from $605.1 million a year ago. Excluding a fair value loss on investment properties amounting to $125.8 million, earnings for the full-year…

Huawei launches DIGIX Lab in Singapore; first tech hub in APAC to empower app developers

Huawei Mobile Services (HMS) today announced the opening of DIGIX Lab in Singapore, its first in APAC to empower mobile app developers and partners in the region. Located at Changi Business Park, Huawei leverages Singapore’s importance as a…

OKP Holdings reverses from losses to earnings of $3.3 mil for FY20

OKP Holdings has reversed back into the black with earnings of $3.3 million for the FY2020 ended December, compared to the $378,000 loss it posted in FY2019. Revenue for the FY2020 fell 14.5% y-o-y to $69.6 million, due…

The Atelier in Newton to preview from Feb 27

The Atelier, a 120-unit freehold development in Newton, will be previewed from Feb 27, says Bukit Sembawang. The official sales launch for The Atelier will start on Mar 13. The development along Makeway Ave comprises one- to four-bedroom…

Two adjoining sites at Still Road and Koon Seng Road for sale at $21 mil

Two sites at 97 & 99 Still Road and 137 Koon Seng Road, which are adjacent to each other, have been launched for sale. The guide price is $21 million (or around $960 psf ppr), subject to confirmation…

Queen Astrid Gardens relaunched at $123.8 mil

Queen Astrid Gardens, a four-storey residential development, has been relaunched for sale at a reserve price of $123.8 million ($1,989 psf on land area). Knight Frank is representing the interests of the owners of Queen Astrid Gardens via…

Keppel Land enters into serviced co-offices partnership with SBF

Keppel Land and SBF have entered into a strategic partnership agreement as part of the Global Connect@SBF initiative. Under the partnership, SBF members and Singapore companies referred by GlobalConnect@SBF will be able to access Keppel Land’s KLOUD serviced…

Roxy-Pacific posts full-year loss of $29.5 mil as revenue falls 55%

Roxy-Pacific Holdings has reported revenue of $198.4 million for FY2020 ended Dec 2020, a 55% decrease from $444 million in FY2019. The net loss attributable to equity-holders for FY2020 was $29.5 million, compared to a net profit of…

Dell invests $66 million in Singapore in Innovation Hub, the first of its kind outside US

Dell Technologies today announced the establishment of a Global Innovation Hub (GIH) in Singapore to boost R&D capabilities, with some US$23 million to be invested this year. Over the three-year period from 2019, a total of US$50 million…

Investing in Tiong Bahru privatised flats: The allure and the pitfalls

Last Nov, Singaporean property investor Peter Chiu was shopping for a flat in Tiong Bahru. After visiting several flats, he made an offer on a 990 sqft unit on the third floor of Blk 57, located above Tiong…

Six apartments at Marshall Road on auction at collective guide price of $12 mil

Six 3-bedroom apartments in a three-storey block at 118 and 120 Marshall Road will be auctioned collectively by Edmund Tie on Feb 24. It is an owners’ sale where the individual owners of the six units, ranging from…

Emerald Hill conservation terraced house sells for $10.3 mil, or $5,896 psf

A conservation terraced house on a 1,747 sqft plot of freehold land along Emerald Hill Road was sold for a record price of $5,896 psf (land area), or $10.3 million on Jan 18. The record was previously held…

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