Singapore Property News

ALLGREEN Properties' shares rocketed on heavy volumes yesterday after a lucrative privatisation offer was announced for the property group. The stock shot up 44 cents, or 38 per cent, to $1.59 on trades of 148 million shares, after a trading halt imposed on Monday was lifted. Malaysia's richest man, Mr Robert Kuok, who already controls the firm, has [...]

Kuok Group-linked Brookvale's offer values property firm at $2.54b ALLGREEN Properties, an established property group controlled by Malaysia's richest man Robert Kuok, is the subject of a privatisation bid that values the firm at $2.54 billion. In a Singapore Exchange (SGX) announcement last evening, the Kuok Group-linked firm Brookvale is offering $1.60 per Allgreen share, or 39 per [...]

UOL Group yesterday announced a 133 per cent rise in net profit to $230 million for the three months ended March 31, 2011, up from the restated $98.7 million a year ago. This is on the back of a 102 per cent jump in revenue to $725.1 million in the first quarter of this year, up from the [...]

LUXURY property developer Wheelock Properties has seen a 3.9 per cent rise in its first-quarter net profit to $52 million on the back of higher margins from its high-end project Scotts Square. But revenue for the three months ended March 31 dipped 3.6 per cent, to $103 million, from the same period last year. This decrease was due [...]

THE property boom and the huge sales it has generated sent first-quarter net profits up 78 per cent to $282 million at City Developments (CDL). Revenue was up 10 per cent to $774 million for the three months to March 31, thanks to contributions from such projects as Livia, NV Residences, Volari and One Shenton. CDL noted that [...]

Strong showing achieved despite govt's property cooling measures ALLGREEN Properties has emerged from the first quarter on a strong footing despite government property cooling measures introduced last year.   The property arm of the Kuok Group said that first-quarter net profit attributable to shareholders more than doubled to $84.5 million from $34.9 million a year ago.   Net [...]

But parent UIC's topline gains hit by fewer sales of trading properties AS the fortunes of Singapore Land waxed in the first quarter, those of its 77-per-cent-majority stakeholder United Industrial Corporation (UIC) waned.   SingLand posted net profit attributable to equity-holders of $48.8 million, a 2 per cent year-on-year rise. Net profit, including minority interests, improved 5 per [...]

241% rise on restated numbers for first quarter of last year ROBUST sales in projects in Singapore, China and Australia helped send first-quarter net profit at property giant CapitaLand (CapLand) to $101.5 million. This was 241 per cent up on the restated $29.8 million profit for the first three months of last year. A new accounting policy announced [...]

$1.4b tower coming up on historical parking site; unclear how many lots it will have but a survey finds sufficient parking space in vicinity (SINGAPORE) CapitaCommercial Trust (CCT) is joining hands with its sponsor CapitaLand to redevelop the historical Market Street Car Park (MSCP) for an estimated $1.4 billion, or $1,900 per square foot of net lettable area [...]

KEPPEL Land's first-quarter net profit surged 45.5 per cent to $92.1 million on factors such as higher contributions from property sales and a hefty one-off gain. Revenue for its first quarter ended March 31 more than tripled to $357.9 million, compared with $106.5 million in the same period last year. The company's far better bottom line was due, [...]