REAL estate tycoon Gordon Wu, whose plan to build artificial islands around Hong Kong was just embraced, wants to take his company Hopewell Holdings private 40 years after it made its market debut. A US$2.7 billion bid is less generous than the headline premium suggests. The discounts applied to property companies, however, may inspire peers to follow suit.
CONSTRUCTION and property development company Low Keng Huat's net profit for the third quarter ended Oct 31, 2018 slumped 60 per cent year-on-year to S$2.63 million on the back of lower profits from its investment segment.
THE government has decided to moderate the total supply of private residential units for the first-half 2019 Government Land Sales (GLS) Programme, citing the significant growth in pipeline supply while demand has started to moderate following the introduction of the July property cooling measures.
THE government on Thurday announced the first-half 2019 Government Land Sales (GLS) Programme, which comprises five confirmed list sites and nine reserve list sites. These sites can yield about 6,475 private residential units (including executive condominium or EC units), 86,000 square metres gross floor area (GFA) of commercial space and 1,115 hotel rooms.
SINGAPORE property developers have been diversifying into new markets and business segments in recent years after several rounds of property cooling measures, which have contributed to a tougher operating environment.