property

Boldtek Holdings subsidiary to purchase residential property at No. 8 Lorong 25A Geylang Road for $26.5 mil - THE EDGE SINGAPORE

Property

Boldtek Holdings subsidiary to purchase residential property at No. 8 Lorong 25A Geylang Road for $26.5 mil

An initial deposit of $200,000 has been paid on Dec 21, 2020.
LHN Group to launch mixed-use development with communal living experiences - THE EDGE SINGAPORE

Property

LHN Group to launch mixed-use development with communal living experiences

The property is scheduled to be launched by mid-February 2021.

Results

CDL reports 62.7% decline in RevPAR of $54.30 in 3Q update, says Singapore residential property market remains 'resilient'

CDL says it expects to record losses for the FY2020 owing to the unprecedented collapse of global travel and tourism from Covid-19
Yanlord posts total contracted pre-sales of $1.09 bil in Sept 2020 - THE EDGE SINGAPORE

Property

Yanlord posts total contracted pre-sales of $1.09 bil in Sept 2020

For the nine months ended Sept 30, the group’s pre-sales rose 66.7% y-o-y to approximately RMB53.19 billion.
Hong Leong Asia subsidiary disposes China asset for $28.3 mil - THE EDGE SINGAPORE

Property

Hong Leong Asia subsidiary disposes China asset for $28.3 mil

Shares in Hong Leong Asia closed 1.5 cents lower, or 3.2% down, at 45.5 cents on September 30.

Property

Yanlord announces over 75% y-o-y increase in precontracted sales in August

Yanlord Land Group has announced a 75.6% y-o-y increase in pre-contracted sales to approximately RMB12.03 billion ($2.40 billion) in August.

Results

APAC Realty reports 52% jump in earnings for 1HFY20

The company believes that the negative impact of the Covid-19 outbreak on the Singapore property market will be relatively short-lived.
Guocoland appoints former Singhaiyi Deputy CEO Sim Chee Wah as Group CFO  - THE EDGE SINGAPORE

New appointments

Guocoland appoints former Singhaiyi Deputy CEO Sim Chee Wah as Group CFO

Guocoland Limited has announced the appointment of Sim Chee Wah as its new Group CFO.

Results

SLB Development reverses out of the red to earnings of $10.8 mil for FY20

SLB Development, the development spin-off from Lian Beng Group, has posted earnings of $10.8 million for FY20 ended May 31, swinging out from losses of $5.0 million a year ago.

Malaysia

Case study 4: Boost home affordability with a more efficient property ecosystem

Owning a home is the aspiration of every Malaysian. But the relentless rise in home prices, which has far outpaced income growth, is increasingly putting home ownership beyond the means of the average person or sending households into unsustainable indebt
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