Monthly Archives: August 2009

MCL Land Q2 profit soars to US$36.7m

Posted on 7 Aug 2009 | Comments Off

H1 results boosted mainly by sales proceeds from The Fernhill, Tierra Vue

HONG KONG Land subsidiary MCL Land yesterday posted group net earnings of US$36.7 million for the second quarter ended June 30, 2009, up from a US$3.2 million net profit in the same period last year. Revenue rose from US$353,000 in Q2 2008 to US$135.8 million in Q2 this year.

Q2 earnings per share were 9.92 US cents, against 0.86 US cent a year ago.

Net earnings for the six months ended June 2009 were US$38.1 million, up from US$8.2 million in the same year-ago period. Revenue rose from US$718,000 in H1 last year to US$144.1 million in H1 2009, due mainly to recognition Continue reading →

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Posted in Developers, Property Market / Real Estate

Tagged Developers, MCL, Singapore Property Market, Singapore Real Estate

URA launches residential site at Dakota Crescent for public tender

Posted on 7 Aug 2009 | Comments Off

The government has launched a residential site at Dakota Crescent for public tender.

This comes after a developer said it would bid at least S$130 million for the site two weeks ago.

The land parcel, which was made available for sale through the Reserve List System, has a site area of 1.7 hectares.

The 99-year site, which is located near Old Airport Road, can generate a maximum permissible gross floor area of 647 thousand square feet. Continue reading →