Entries by The Colab Team

SingHaiyi net profit rose 47.6% in Q4

The real estate group’s board has proposed a final dividend of 0.15 Singapore cent per share, subject to shareholders’ approval at an upcoming annual general meeting.  SingHaiyi saw its net profit jump 47.6 percent to $9.7 million for the three months ended 31 March 2019 (Q4 FY2019). Revenue, however, dropped 67.6 percent to $9.8 million […]

This post was originally posted on Property Guru Property Market News Section

HDB issues $700m fixed rate notes

The notes are in denominations of $250,000 and have a coupon of 2.164 percent per annum payable semi-annually in arrears. The Housing Board on Wednesday (22 May) issued $700 million, five-year fixed rate notes as part of its $32 billion Multicurrency Medium Term Note (MTN) Programme. To mature on 22 May 2024, the notes are […]

This post was originally posted on Property Guru Property Market News Section

HDB launches 6,753 flats in May

They comprise of 3,485 BTO and 3,268 SBF units.  The Housing and Development Board (HDB) launched 6,753 flats for sale under its latest Build-To-Order (BTO) and Sale of Balance Flats (SBF) exercise. This comprises 3,485 BTO and 3,268 SBF units. The BTO flats are spread across four projects, three of which are in the non-mature […]

This post was originally posted on Property Guru Property Market News Section

First Sponsor subsidiary completes acquisition of stake in Guangdong site

It now has a 60 percent share in Concord Focus Development. Image source: 1st-sponsor First Sponsor’s fully-owned unit, Wenjiang (BVI), has completed the acquisition of 60 percent share in Concord Focus Development, reported The Business Times. Concord owns a mixed-use development site, comprising three land parcels with a combined area of 36,405 sq m, in China’s […]

This post was originally posted on Property Guru Property Market News Section

Johor Bahru-Singapore RTS Link project suspended

Singapore Transport Minister Khaw Boon Wan said that the project’s suspension would set back the targeted completion date by “a couple of years”. At Malaysia’s request, Singapore has agreed to suspend the Johor Bahru-Singapore Rapid Transit System (RTS) Link’s construction until 30 September, reported Channel News Asia. The project was targeted for completion by 2024, […]

This post was originally posted on Property Guru Property Market News Section

Singapore narrows GDP growth forecast for 2019

The construction sector grew by 2.9 percent year-on-year in Q1 2019.  With growth in most regional economies expected to moderate this year, the Ministry of Trade and Industry (MTI) narrowed its gross domestic product (GDP) forecast for 2019 to “1.5 to 2.5 percent” from “1.5 to 3.5 percent” previously. The downgrade comes as the Singapore […]

This post was originally posted on Property Guru Property Market News Section

Singapore is the world’s 3rd most innovative city

Singapore property investment and office market will remain vibrant in the short- to medium-term, barring external shocks. With innovation now playing a major role in real estate investment strategies, Singapore has emerged as the world’s third most innovative city – behind San Francisco and Tokyo, reported The Business Times citing a JLL report. This comes […]

This post was originally posted on Property Guru Property Market News Section

Flats in Tengah’s Garden District to be launched for sale

The Garden District will offer up to 6,500 new homes, boasting water features and greenery that are in line with Tengah’s nature concept. Image source: Housing and Development Board. The first batch of flats in Tengah’s second district, known as the Garden District, will be launched for sale in this month’s Build-to-Order (BTO) exercise, reported Channel […]

This post was originally posted on Property Guru Property Market News Section

The 5C’s of Housing that All Singaporeans Should Know

Growing up, we’ve all heard about the five Cs. Singaporeans are obsessed with getting cash, car, credit card, condominium and country club membership. But are we familiar with the five Cs of Housing? 1. Capital Buying a house requires money. And depending on the type of house you choose, that amount varies. If you are […]

This post was originally published on Redbrick Blog Section