GuocoLand posts S$57.12mil net profit in Q2

Meanwhile, GuocoLand completed the acquisition of a residential site at Martin Place in Singapore for a bid price of S$595.1 million during the six-month period. Last November, it also won the right to develop a mixed-use site measuring 48,961 sq m in ... ( read original story ...)

World’s first composite lift unveiled in Singapore

Alister Bennett, Managing Director of Singapore Lift Company (SLC), showing the prototype lift to reporters. (Photo: SLC) Singapore Lift Company (SLC) has launched the first composite lift in the world, paving the way for the city-state to manufacture a ... ( read original story ...)

Fewer property agents, agencies in 2017

Poor market sentiment has contributed to a drop in the number of registered property agents in Singapore. (Photo: CEA) There has been a continuous drop in the number of licensed real estate agencies and registered agents in Singapore, as more agencies and ... ( read original story ...)

Maintain property curbs until economy shows sustainable growth

Standard Chartered Bank Singapore chief executive Judy Hsu noted that this year, a cooling property market is likely to dampen the growth of the Singapore economy ("Bank chiefs eye growth areas to bank on amid volatility"; Jan 2). However, I urge the ... ( read original story ...)

Warehouse owner GLP seeks bidders for Singapore company

Global Logistic Properties Ltd. has begun formally reaching out to potential bidders for the $7.8 billion industrial property owner, people with knowledge of the matter said. The Singapore-based company sent out an information letter to targeted bidders at ... ( read original story ...)

Investing in UK properties for Singapore investors

London’s property market is a favourite with Singapore’s affluent investors. But post-Brexit, the decision to invest in the UK has become complicated. While the British pound is now cheaper, making purchases more affordable, the prospects for an ... ( read original story ...)

Owners of United Engineers said to be mulling sale

The biggest stakeholders of United Engineers Limited (UEL), which has a market capitalisation of $1.7 billion, have officially begun evaluating buyer interest in the 105-year-old Singapore property conglomerate, reported Bloomberg, citing sources privy to ... ( read original story ...)

Mortgage rates, home sales and prices seen rising in 2017

"The one good thing is that interest rates were quite low." As recently as this summer, homebuyers had ultra-low mortgage rates on their side. Good news for any borrower, but especially for those in expensive housing markets like Los Angeles, Boston and ... ( read original story ...)