Jadescape condominium is an upcoming residential development at Shunfu. Situated at the site of the ex Shunfu Ville which underwent en-bloc, Jadescape will feature 7 blocks of approximately 22 storeys each. This post will be a personal review of the project, and it is intended to guide potential purchasers in...
Uptown at Perumal is a mixed development along Perumal Road slated to be launched by Low Kheng Huat. It was won via an aggressive land sale bidding in the first quarter of 2017 at S$174.08 million, translating to S$1,000.71 per square foot per plot ratio (psf ppr). Uptown at...
Dasin Retail Trust, a China retail focused real estate trust, recently held an investor presentation for clients of Phillip Capital. Here are the key takeaways from the presentation. Geographic focus Dasin Retail Trust's focus is on the Guangdong-Hong Kong-Macau Great Bay Area. According to the REIT manager, this bay area is comparable to...
Capitaland Commercial Trust (CCT) has announced the completion of the divestment of Twenty Anson. The sale was originally announced on 29 June 2018, with CCT mentioning the sale consideration of S$516 million or S$2,503 per sqft based on the building's net lettable area. On the divestment, Mr Kevn Chee, CEO of...
  The Lilium new launch condo is an upcoming development slated to be launched by Singhaiyi Group. How Sun Park was sold through an enbloc process which Singhaiyi Group had purchased for  $1,092 per square foot per plot ratio (psf ppr), inclusive of an estimated development charge of $2.92 million....
Whistler Grand condo at West Coast Vale is an upcoming development slated to be launched by CDL. This post will give you a review of Whistler Grand, pricing, floor plans, and information you need to make a wise investment decision. Project name Whistler Grand District 05 Developer City Developments Pte Ltd (CDL Pegasus Pte Ltd) Address 105,...
Developer Fairview Developments Pte Ltd (a unit of Tong Eng Group) Location Belgravia Drive off Ang Mo Kio Ave 5 Tenure Freehold Expected TOP 2022-2023 Total units 10 semi detached and 71 terraces (strata housing) 32 Corner Terraces, 39 Intermediate Terraces 67 with lift, 14 without lift Car park 2 lots per house Facilities 28 metre lap pool, hydro massage pool and a kid's...
FPL’s 3QFY18 core PATMI of S$157m (-13% YoY) came in above estimates, due to faster-than-expected recognition of development profits in Singapore. Net gearing improved 6%pts QoQ but remains high at 89% and suggests that more properties are likely to be injected into its listed S-REITs. Also read: Parc Esta new launch...
Capitaland released a respectable set of results for 2Q2018. The following are excerpts from various equity research houses on the company's performance. CapitaLand reported 2Q18 net profits of S$605.5m, EPS of 14.4cts, +5.1% YoY. Core net profit of S$196.0m (-5.6% YoY) was below our expectation of S$226m, due mainly to...
2Q results highlights PREH reported a 2Q18 EBIT of S$41.9m, -26.5% yoy, on a 1.6% improvement in revenue to S$18.1m. Stripping out revaluations and other one-off gains, EBIT would have been marginally higher yoy. Net profit fell a greater 49.5% yoy to S$8.6m, eroded by lower EBIT and higher finance...
  Condo name Kent Ridge Hill Residences (former Vista Park enbloc) Location 50 - 66 South Bouna Vista Rd (S) 118168 Developer Oxley Holdings Pte Ltd Launch Date TBC TOP Date Estimated 2021-2022 Tenure 99 years leasehold Number of units 548 units in total 11 blocks of 5 stories, 50 Strata Landed Houses Condominium facilities Pool, gymnasium, function room and tennis court   Kent Ridge Hill Residences (Vista...
Keppel DC REIT (KDCREIT) has announced a new shell and core (S&C) data centre in Sydney, Australia, which will be constructed on the vacant land within the Macquarie Business Park precinct. The development will be undertaken by Macquarie Telecom, which is the current master lessee of KDCREIT’s S&C data...
Keppel Corporation’s (KEP) 100%-owned asset management arm, Keppel Capital Holdings (KCH), has entered into an MOU with leading Australian retail property group, Vicinity Centres (VCX), to establish a new retail-focused private fund, which intends to invest in an initial A$1b portfolio of Australian retail properties across five Australian states...
The second project to be launched after 5-Jul-18’s cooling measures, The Tre Ver, sold 140-150 units during its first weekend of launch, with average pricing of S$1,500-1,600 psf in line with our estimates and should yield a solid PBT margin of 17-22% for UOL.
UOL’s 2Q18 core PATMI of S$94.1m (-6% YoY) came in slightly below projections/consensus, which is attributed to the uneven recognition of profits from development property. We estimate that sold residential units surged 5x QoQ, to 145 units, helped by solid sales at 62%-sold Amber 45. Despite cooling measures, UOL has not...
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