Tag Archives: Singapore Property Market

Project may add to charms of Seletar Hills

Posted on 8 Aug 2009 | Comments Off on Project may add to charms of Seletar Hills

URA to put commercial and residential site up for tender later this month

LOOKING for a new condominium project nestled in the quiet Seletar Hills Estate and in close proximity to roti prata outlets in the Jalan Kayu area, fish farms and The Animal Resort? A new condo with about 225 units could be ready for launch in about a year.

It will come up on a 99-year leasehold plot on the government’s reserve list that will be launched for tender by the Urban Redevelopment Authority in about a fortnight.

The 2.1 hectare site will also have a commercial component of up to 48,438 square feet gross floor area. Analysts say the commercial component, which could take the form of a small mall, would provide much needed Continue reading →

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Posted in Property Market / Real Estate

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SingLand, UIC turn in Q2, H1 losses

Posted on 8 Aug 2009 | Comments Off on SingLand, UIC turn in Q2, H1 losses

In terms of operations, both achieve year-on-year increases in profits

OFFICE landlord Singapore Land (SingLand) and its parent United Industrial Corp (UIC) yesterday reported net losses for the second quarter as well as the first six months of this year due to fair-value losses from revaluations of investment properties.

UIC posted a $251.8 million net loss for Q2 ended June 30, 2009 after it booked a fair-value loss of $526.1 million on investment properties held by subsidiary companies.

SingLand’s $344.7 million net loss for Q2 was on the back of a $492 million revaluation loss on investment Continue reading →

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Posted in Developers

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