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…

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…

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…

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…

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…

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…

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…

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…

Canberra MRT station to open on 2 November

Commuters can save up to 10 minutes of travel time towards the city centre or Jurong East.  The new Canberra MRT station on the North-South Line (NSL) is set to open on 2 November, announced Coordinating Minister for Infrastructure and…

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…