Tag Archives: Units

Keppel Land annual home sales down 4% to 5,480 units

Keppel Land’s total homes sales slid by four percent to 5,480 units last year on an annual basis due to cooling measures in China and the timing of development launches in Vietnam, reported the Singapore Business Review.

According to DBS Equity Research, Keppel Corporation’s real estate arm found buyers for 270 dwellings in Indonesia, 380 in Singapore, 1,110 in Vietnam and 3,725 residential properties in China.

Despite the dip in home sales, its earnings grew by 10 percent year-on-year to $ 685 million in 2017. The company is also expected to unveil 16,780 houses until 2020, or about 5,593 units per annum, out of its 63,000-unit overall pipeline.

Furthermore, DBS Equity Research said that 70 percent of Keppel Land’s landbank for residential projects were bought at a relatively lower cost over seven years ago. Hence, the firm’s net asset value is anticipated to improve after these housing developments are completed.

 

This article was edited by Keshia Faculin.

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New Futura condo sells 18 units at average price of $3,200 psf

18 of the 25 units released for sale were sold at an average price of $ 3,200 psf.

New Futura, City Development Limited’s (CDL) luxury condominium project at Leonie Hill Road, received positive response from buyers, with 18 units sold at an average price of $ 3,200 psf during its first day of launch on 18 January (Thursday).

CDL revealed that only 25 units were released during the private viewing, while the units sold comprised two, three and four-bedroom units.

It noted that a third of the buyers were Singaporeans, while two-thirds were Singapore permanent residents and foreigners.

Just a 10-minute walk to Orchard Road, the freehold development is nestled on an 87,000 sq ft site, featuring 124 residential units as well as 253 carpark lots, including 30 supercar lots.

CDL acquired the site in a collective sale for $ 287.3 million in 2006, which works out to a land rate of $ 1,179 psf.

“Given the scarcity of brand new developments in the area, we are confident that New Futura will continue to attract savvy buyers looking for luxury living in the heart of town with good investment potential,” said a CDL spokesperson.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

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Oxley acquires residential units for $21.53mil

Oxley Holdings, via its fully-owned subsidiary Oxley Topaz Pte. Ltd., has exercised the option to acquire eight residential units at 21 Meyappa Chettiar Road for a total price of $ 21.53 million.

Zoned for residential use, the freehold property has a land area of around 898.1 sq m.

In an SGX filling, Oxley revealed plans to “redevelop the property, subject to obtaining all the necessary approvals from the relevant authorities”.

Oxley noted it had paid a sum of $ 215,300 upon the grant of the options and another $ 861,200 during the exercise of the options. The rest of the purchase price will be paid upon the completion of the acquisition.

It plans to fund the purchase by internal resources and bank borrowings.

Oxley does not expect the acquisition to materially affect the company’s earnings per share or net tangible assets per share for the current financial year ending 30 June 2018.

 

This article was edited by Keshia Faculin.

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Almost one-third of Parc Botannia’s units sold during launch

Parc Botannia in Sengkang successfully found buyers for about 230 units at an average price of $ 1,270 psf after the condominium was launched for sale on Saturday (11 November), reported The Business Times.

Jointly developed by Wee Hur and Sing Holdings under a 30:70 partnership respectively, the 735-unit project along Fernvale Street is expected to be completed by end-2021.

Units at the 99-year leasehold condominium that saw strong take-up included those with one, two and four bedrooms, with locals accounting for most of the buyers.

Aside from being close to Seletar Mall and the food street in Jalan Kayu, Parc Botannia is also a stone’s throw away from the Thanggam LRT station and a few stops from the Sengkang MRT station.

 

This article was edited by Keshia Faculin.

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Grow Condos, Inc. Closes 2nd Property Development for 35 Industrial Units

Grow Condos, Inc. Closes 2nd Property Development for 35 Industrial Units
EAGLE POINT, OR–(Marketwired – Apr 28, 2016) – Grow Condos, Inc., a fully reporting publicly traded company under the trading symbol ( OTC PINK : GRWC), a real estate purchaser, developer & manager of specific use industrial properties providing …
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JLL Income Property Trust Grows Industrial Portfolio Acquiring 100-Percent
In keeping with JLL Income Property Trust's strategy to invest in "hubs of transportation" industrial markets proximate to irreplaceable transportation infrastructure, Tampa Distribution Center is strategically located in Tampa's Eastside submarket …
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