Posted on May 16, 2008 by lushhomeonline
Mainboard listed Banyan Tree Holdings on Thursday announced it has booked a 38 per cent increase in first quarter earnings.
Its net income for the three months ended March 31 came in at S$15.4 million, largely driven by growth in its hotel investment and hotel residence/property sales segments.
Its revenue rose by 34 per cent to S$140.3 [...]
Filed under: Developer News, General | Tagged: Banyan Tree, Resorts Developers | No Comments »
Posted on May 16, 2008 by lushhomeonline
Resorts developer, Banyan Tree Holdings Limited, today announced a 38 per cent increase in net profit to $15.4 million, largely driven by hotel investment and hotel residences/property sales segments.
Revenue grew 34 per cent to $140.3 million.
‘Hotel Investment segment continue to perform well in line with our expectation and we are optimistic that the positive trend [...]
Filed under: Developer News, General | Tagged: Banyan Tree, Resorts Developer | No Comments »
Posted on May 15, 2008 by lushhomeonline
Firm notches $165m in profits but sees weaker times ahead
DESPITE the subdued residential property market, Singapore developer City Developments (CDL) still notched up a 31 per cent growth in first-quarter net profit to $164.97 million.
It has held back launches here given the quiet market.
NOT READY: CDL is holding back launches of Shelford Suites (above), The [...]
Filed under: Developer News, General | Tagged: CDL, City Developments, City Square Residences, Developers, Ferraria Park, Millennium and Copthorne Hotels, One Shenton, Parc Emily, Shelford Suites, St Regis Residences, The Arte @ Thomson, The Oceanfront @ Sentosa Cove, The Quayside @ Sentosa Cove, The Sail @ Marina Bay | No Comments »
Posted on May 15, 2008 by lushhomeonline
It posts 30.8% increase in Q1 net profit to $165m
THE Singapore residential property market has slowed to a trickle, but shareholders of City Developments Ltd (CDL) should feel heartened by strongly worded reassurances in the group’s first-quarter results statement, which showed a 30.8 per cent increase in net earnings to almost $165 million.
CDL vowed that [...]
Filed under: Developer News, General | Tagged: 9 Tampines Grande, CDL, CDL Hospitality Trusts, City Developments, Developers, Ferraria Park, Shelford Suites, St Regis Residences, Tampines Concourse, The Arte @ Thomson, The Oceanfront @ Sentosa Cove, The Quayside @ Sentosa Cove, The Sail @ Marina Bay | No Comments »
Posted on May 15, 2008 by lushhomeonline
Hotel Plaza’s Q1 earnings surge 38% to $14.5m
UOL Group’s net profit dropped 38 per cent to $50.5 million for the first quarter ended March 31 - from $81.5 million in the previous corresponding period.
The sharp drop was due to two factors: Q1 2007 included an exceptional gain of $37.1 million from the sale of Central [...]
Filed under: Developer News, General | Tagged: Developers, Newton Suites, Twin Regency, United Overseas Land, UOL | No Comments »
Posted on May 15, 2008 by lushhomeonline
UIC CHAIRMAN RAISES INDIRECT STAKE
UNITED Industrial Corporation (UIC) chairman Wee Cho Yaw has raised his deemed stake in the property development and investment firm again.
In the most recent transactions, he increased his stake by a total of 2.088 million shares via two trades on the open market last week.
He bought 588,000 shares at $2.701 each [...]
Filed under: Developer News, General | Tagged: Singapore Land, UIC, United Industrial Corporation, Wee Cho Yaw | No Comments »
Posted on May 15, 2008 by lushhomeonline
US sub-prime crisis hurts confidence of likely buyers
City Developments (CDL) will delay sales of new residential projects in Singapore, where it gets more than half of its revenue.
The confidence of prospective home buyers has been eroded by the sub-prime mortgage crisis in the United States and the downturn in global credit markets, the company said.
“How [...]
Filed under: Developer News, General, New Launches | Tagged: CDL, City Developments, Developers, Millennium and Copthorne, New Launches | No Comments »
Posted on May 15, 2008 by lushhomeonline
WHEELOCK Properties Singapore yesterday posted a 33.9 per cent year-on-year drop in first-quarter net earnings to $16.9 million but said that it is in a strong financial position to take advantage of opportunities that may arise. It had cash and cash equivalents of $616.9 million at March 31, 2008, up from $557.7 million at end-2007.
The [...]
Filed under: Developer News, General | Tagged: Ardmore II, Developers, Orchard View, Scotts Square, The Cosmopolitan, The Sea View, Wheelock Properties | No Comments »
Posted on May 14, 2008 by lushhomeonline
Property developer City Developments Ltd said net profit for the first quarter ended March 31, 2008 rose 30.8 per cent to $164.97 million due to strong property development segment.
Basic earnings per share rose to 18.1 cents versus 13.9 cents a year ago - an increase of 30.2 per cent.
Revenue for the period, however, fell 1.3 [...]
Filed under: Developer News, General | Tagged: CDL, City Developments, City Square Residences, Cliveden at Grange, Developers, Ferraria Park, One Shenton, Parc Emily, Pasir Ris Phase 1, Shelford Suites, St Regis Residences, The Arte @ Thomson, The Botannia, The Oceanfront @ Sentosa Cove, The Quayside @ Sentosa, The Sail @ Marina Bay, The Solitaire, Tribeca, Wilkie Studio | No Comments »
Posted on May 14, 2008 by lushhomeonline
Property developer City Developments has reported a 31 percent rise in first-quarter earnings to S$165 million.
The results came at the lower end of expectations.
Revenue fell 1.3 percent to about S$759 million.
The Singapore property market cooled substantially in the first quarter in the wake of the US sub-prime crisis late last year.
The government also scrapped a [...]
Filed under: Developer News, General | Tagged: CDL, City Developments, Developers | No Comments »
