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residential
Talk Shop
Surface ID Studio artfully harmonises tradition with cutting-edge technology
Founded in 2015 as a furniture manufacturer, Surface ID has since evolved into a full-fledged design house
January 16, 2024
Property
Funan to reopen on June 28 after undergoing three-year redevelopment
SINGAPORE (June 3): The manager of CapitaLand Mall Trust (CMT), an indirect wholly-owned subsidiary of CapitaLand, says Funan is slated to open its doors on June 28 this year – two months ahead of its original scheduled date.
June 03, 2019
Results
CityDev's 1Q earnings more than double to $200 mil on higher margins & Manulife Centre divestment gain
SINGAPORE (May 15): City Developments (CDL) has announced earnings of $199.6 million for the 1Q ended March, rising 133.8% from restated 1Q18 earnings of $85.3 million on strong profit margins and the realisation of a pre-tax divestment gain.
May 15, 2019
Contracts
Sysma unit wins $20 mil contract to build Nassim Road bungalow
SINGAPORE (Mar 25): Sysma Holdings says its construction unit, Sysma Construction, has secured a $20 million contract to erect a bungalow at 54 Nassim Road for “an established private owner”.
March 25, 2019
Broker's Calls
OCBC wary of residential sector's near-term outlook in spite of encouraging data
SINGAPORE (Mar 18): OCBC Investment Research is maintaining “neutral” on Singapore’s residential sector despite the recent recovery in Singapore developers’ stock prices and the announcement of a new Cross Island MRT line, which helped to boost Fe
March 18, 2019
Broker's Calls
Why DBS remains cautious on Chip Eng Seng despite Kampong Java site win
SINGAPORE (Jan 17): DBS Group Research is forecasting property transaction volumes to fall 20% y-o-y to 7,500-8,500 units in 2019, and says it is possible for the property price index (PPI) to decline by up to 3% this year, and even further, should macro
January 17, 2019
Sector Focus
This is the year for office REITs to shine: OCBC
SINGAPORE (Jan 8): OCBC Bank is expecting Singapore office REITs to strengthen further in the near-term this year – and possibly, in the process, demand higher rents to bring about positive rental reversion.
January 08, 2019
Broker's Calls
Active presence in China, improving O&M segment keep this stock's outlook bright
SINGAPORE (Jan 4): OCBC Investment Research is maintaining its “buy” call on Keppel Corporation with a fair value estimate of $7.25 on expectations of a continued recovery in the offshore and marine (O&M) segment, as well as the group’s recent devel
January 04, 2019
Broker's Calls
Few bright spots in sight for local residential sector in near term, says OCBC
SINGAPORE (Jan 3): OCBC Investment Research is maintaining “neutral” on the local residential sector after Singapore home prices posted their first decline in six quarters, according to recent Urban Redevelopment Authority (URA) flash estimates.
January 03, 2019
Property
HLH Group scraps $16 mil sale of D'Seaview Hotel on payment issues
SINGAPORE (Dec 12): Hong Lai Huat Group (HLH Group) is terminating its $15.7 million sale of D’Seaview Hotel, a component of the group’s mixed-use development project in Cambodia.
December 12, 2018