Posts Tagged ‘Properties’
Second Chance Properties H1 profit falls 52.8% to S$4.3 million
SECOND Chance Properties posted a 52.8 per cent fall in its net profit to S$4.3 million for its first half ended Feb 29, 2024, from S$9.2 million a year earlier. This was mainly due to lower contributions from its properties and securities businesses, the company said on Wednesday (Mar 27). Earnings per share stood at…
Read MoreSecond Chance Properties expects H1 net profit to ‘decrease significantly’
MAINBOARD-LISTED company Second Chance Properties expects net profit for its first half ended Feb 29, 2024 to “decrease significantly” on year. This is compared to net profit of S$9.2 million in the same period a year earlier, the company said in a bourse filing on Tuesday (Mar 19). The expected decrease is likely due to…
Read MoreHotel Properties swings back to black with S$578.2 million H2 net profit
HOTEL Properties Limited (HPL) on Tuesday (Feb 27) reported a net profit of S$578.2 million for the six months ended Dec 31, 2023, a significant increase from the net profit of S$38.3 million in the corresponding year-ago period. The net profit also reversed the hotel operator’s net loss of S$17.2 million recorded in the first…
Read MoreNow is the time to buy troubled properties at bargain prices, Allianz CEO says
ALLIANZ’S chief executive officer Oliver Baete said now is the right moment to snap up properties at bargain prices as some troubled owners are forced into selling. “Look at the fallout of some of the real estate tycoons – they have to now sell prime assets at huge discounts,” Baete said on Friday (Feb 23).…
Read MoreSingLand H2 net profit rises 7% to S$102.4 million on fair-value gain on investment properties
For the full year ended Dec 31, 2023, net profit was down 40 per cent to S$270.8 million, while revenue was up 12 per cent to S$684.6 million. The revenue increase is largely driven by higher income from hotel operations, as well as from technology operations as there were more software licence sales. Looking forward,…
Read MoreCapitaLand Investment acquires 3 properties in South-east Asia
CAPITALAND Investment (CLI) is acquiring two industrial properties in Singapore through Extra Space Asia (ESA), a self-storage platform it manages. Through the group’s logistics platform CapitaLand Sea Logistics Fund (CSLF), in December 2023 it also completed the acquisition of a 20-hectare freehold greenfield site in Bangkok, to mark CLI’s first logistics property in Thailand. ESA’s…
Read MoreInvesting In Rental Properties For Beginners 2024: Navigating The Path To Financial Success
Thinking about where to put your money? There are lots of choices, like stocks, bonds, and real estate. But if you’re just starting your investment journey, options like forex or cryptocurrency might be too risky. The option you pick depends on how much you want to be involved, how much money you have, and how…
Read MorePutin’s Ex-Wife Urgently Sells Spain Properties In Fear Of EU Sanctions: Report
Reuters KEY POINTS The Spanish properties of Russian President Putin’s ex-wife were bought by her new husband Purchasing real estate worth more than $500,000 would give foreigners temporary Spanish residence permit The U.K. government sanctioned Lyudmila Ocheretnaya in 2022 over the war in Ukraine Lyudmila Ocheretnaya, the former wife of Russian President Vladimir Putin, is…
Read MoreExxon Faces $2 Billion Loss On Sale Of Troubled California Oil Properties
The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. Exxon Mobil Corp will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled…
Read MoreIn China, Home Buyers Occupy Their ‘Rotting’, Unfinished Properties
Homebuyer Ms. Xu stands at her unfinished apartment where she stays, at a residential complex developed by Jiadengbao Real Estate in Guilin, Guangxi Zhuang Autonomous Region, China, in this screen grab taken from a video footage September 17, 2022. via REUTERS TV. For six months, home for Ms. Xu has been a room in a…
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