SHEARES VILLE APARTMENTS For Sale At Singapore District 9 - 10

SHEARES VILLE APARTMENTS For Sale At Singapore District 9 - 10

3 + 1 1475sqft
Showflat condition, Renovation 400+k

Don’t Miss!!! Asking 1600psf

Landmark Details

Address: 9 Holt Road
Type of Development: Condominium
Tenure: Freehold
District: 10
Total Number Units: 65
Completion Year : 2005
Builder / Developer: Everstate Investments Pte Ltd

Services at SHEARES VILLE APARTMENTS

24×7 security
BBQ
Car park
Gymnasium
Playground
Swimming pool

Singapore Real Estate - Buy , Sell , Rent ,invest Singapore Property

Buy, sell and rent Singapore real estate: private property, residential apartments, commercial and industrial properties. HDB flats for sale and rental. Foreign investors, buyers, tenants or relocating expats can easily find their ideal landed house, bungalow, semi-d, terrace, condominium, townhouse, private apartment, HDB, HUDC, office, shop, factory, warehouse & land right here.

MINDY YONG

( +65 ) 91002985

mindy@mindyyong.com ( email me )

http://www.hotvictory.com

Singapore GuocoLand earnings surge to $27.7m in Q1

Singapore GuocoLand earnings surge to $27.7m in Q1

By KALPANA RASHIWALA
QUEK Leng Chan’s Singapore-listed property arm GuocoLand has posted a group net profit of $27.7 million for the first quarter ended Sept 30, 2007, up from $8.1 million for the corresponding year-ago period, as revenue more than doubled from $88.2 million to $191 million.
The improved showing was due mainly to higher contribution from the group’s property development projects in China, especially from West End Point condo in Beijing.

GuocoLand’s bottom line also received a fillip from other income, which jumped from $9.2 million to $15.8 million, mainly due to higher net foreign exchange gains arising from the revaluation of US dollar bank loans.

However, finance costs rose by 74 per cent to $12.6 million due to an increase in bank loans and the convertible bonds.

Cash and cash equivalents increased from $1.09 billion as at June 30 to $1.53 billion as at Sept 30, largely because of net proceeds of about $555 million received from a renounceable 1-for-3 rights issue at $2.50 per share in July this year.

GuocoLand also gave an update of its various projects. In Singapore, it achieved sales of 86 per cent for Le Crescendo in Paya Lebar and 91 per cent for The View @ Meyer as at Oct 18. The group has also sold 97 per cent of the 337 units launched in The Quartz condo in Buangkok.

In Beijing, the 810-unit West End Point is 96 per cent sold.

Piling for the group’s development sites situated in Nanjing’s Qixia District (Ascot Park Phase 1) and Shanghai’s Putuo District (Changfeng Phase 1) has been completed. Construction has started for Changfeng Phase 1. Resettlement for the development site in Nanjing’s Xuanwu District (Hillview Regency) is largely completed.

The group’s 65 per cent-owned subsidiary GuocoLand (Malaysia) Berhad has eight ongoing mixed residential development projects in the Klang Valley. Earthwork and piling for an integrated commercial development project in Damansara Heights is in progress.

In Vietnam, the master plan for the group’s integrated development project next to Vietnam Singapore Industrial Park near Ho Chi Minh City has been submitted to the authorities.

‘Given the robust economies in the countries in which the group operates, namely, Singapore, China, Malaysia and Vietnam, the group believes that demand for quality residential properties and well-located commercial properties in these countries will remain sustainable,’ GuocoLand said.

In Singapore, GuocoLand is expected to launch the 210-unit Goodwood Residence in the prime Bukit Timah area in the next few months.

GuocoLand’s earnings per share rose to 3.62 cents for Q1 ended September 2007, from 1.32 cents for the year-ago period. Net asset value per share stood at $2.37 as at Sept 30, seven cents higher than in June 30.

On the stock market yesterday, GuocoLand closed unchanged at $5.55.

Source : Business Times - 20 Oct 2007

Singapore Property - Buy , Sell , Rent , Invest

Mindy Yong

(+65)91002985
mindy@mindyyong.com

http://www.hotvictory.com

S’pore A-Reit’s Q2 income for distribution up 15% at $46.4m

S’pore A-Reit’s Q2 income for distribution up 15% at $46.4m

By UMA SHANKARI
ASCENDAS Real Estate Investment Trust (A-Reit) said yesterday its second-quarter distributable income rose 15 per cent to $46.4 million, from $40.5 million a year earlier, as demand for the trust’s business space grew.

The better performance lifted A-Reit’s distribution per unit (DPU) to 3.51 cents, up 11 per cent from 3.16 cents paid for the previous corresponding period.

Net property income for Q2 ended Sept 30, 2007 increased 16 per cent to $60.1 million, from $51.9 million a year earlier.

A-Reit said its better performance was due to higher revenue resulting from higher occupancy and rents.

The occupancy rate for A-Reit’s portfolio reached 98.3 per cent in Q2. And rents at business and science parks and hi-tech industrial properties rose 32 per cent and 15 per cent respectively from Q1.

‘This can be attributed to the spillover effect from the tight CBD office market and our active asset management initiatives,’ said Tan Ser Ping, chief executive of the Reit’s manager.

For the half-year ended Sept 30, A-Reit’s distributable income rose 14 per cent to $91.1 million, while DPU rose 10 per cent to 6.88 cents.

Going forward, A-Reit said that with the economy strong, demand for business and industrial space, especially at business and science parks and hi-tech industrial properties, is likely to remain healthy.

The trust said: ‘A-Reit expects to be able to deliver a return for the second half of the current financial year that is in line with its performance in the first half of the financial year.’

A-Reit’s shares closed three cents lower at $2.39 yesterday. The stock price has fallen 10.5 per cent since the start of the year, compared with a 25.5 per cent climb in the Straits Times Index.

Source : Business  Times - 20 Oct 2007

Singapore Property - Buy , Sell , Rent , Invest

Mindy Yong

(+65)91002985
mindy@mindyyong.com

http://www.hotvictory.com

Singapore Higher distributable income for CapitaMall Trust, A-Reit

Singapore Higher distributable income for CapitaMall Trust, A-Reit

By Joyce Teo, Property Correspondent

TWO large real estate investment trusts (Reits) yesterday reported higher quarterly distributable income amid a positive economic climate.
CapitaMall Trust (CMT), Singapore’s first and largest reit, said distributable income was $53.2 million in the third quarter ended Sept 30. This is 17.2 per cent higher than forecast and a 29 per cent rise from a year ago.

The retail Reit said the sum includes a capital distribution of $1.5 million from its 20 per cent investment in CapitaRetail China Trust.

Distribution per unit reached 3.4 cents in the third quarter. Net property income was $76.8 million, up 21.7 per cent from forecast.

Compared with the third quarter of last year, annualised distribution per unit rose 19.3 per cent to 13.49 cents.

CMT owns 13 retail malls here, including Plaza Singapura, Tampines Mall and Rivervale Mall.

Its rental renewal rates for the first three quarters of this year registered 12.1 per cent growth over preceding rates, and 5.5 per cent over projected rates.

Mr Pua Seck Guan, the chief executive of the trust’s manager, said assets had registered good organic growth and the Reit is also actively seeking yield-accretive acquisitions to grow its target local asset size to $8 billion by 2010.

CMT, which has assets worth about $5.8 billion, is enhancing several assets. At Tampines Mall, for instance, several new tenants, including skin and hair-care firm Kiehl’s, will set up shop by December.

CMT is also applying for permission to add about 95,000 sq ft of office space at the mall. This will entail a cost of $25.9 million.

Ascendas Real Estate Investment Trust (A-Reit) too delivered a favourable set of results, with distributable income for its second quarter that ended Sept 30 rising 15 per cent year on year to $46.4 million.

Distribution per unit was at 3.51 cents, up 11 per cent from a year ago.

The industrial Reit has benefited from increased demand, due to the take-up of space by tenants forced out of the tight office market.

Property occupancy reached a high of 98.3 per cent, up from 97.2 per cent three months ago.

Mr Tan Ser Ping, the chief executive of A-Reit’s manager, said net income rose 15.9 per cent to $118.2 million on the back of positive economic performance and increasing demand for quality business space.

A-Reit achieved a 32.3 per cent rise in rental rates for its business and science park space compared with the previous quarter, and a 15.5 per cent increase for high-tech industrial space.

A-Reit said it has secured over $270 million in new investments in development projects and acquisitions.
Strong growth

CapitaMall Trust’s assets registered good organic growth and it is actively seeking acquisitions to grow its target local asset size.

A-Reit has benefited from positive economic performance and increasing demand for quality business space.
Source : Straits Times - 20 Oct 2007

Singapore Property - Buy , Sell , Rent , Invest

Mindy Yong

(+65)91002985
mindy@mindyyong.com

http://www.hotvictory.com

Singapore Singapore SLA offers property for rent; 2 freehold sites selling en bloc

Singapore SLA offers property for rent; 2 freehold sites selling en bloc

By Joyce Teo, Property Correspondent

THE Singapore Land Authority (SLA) has launched another site for short-term office use, a move aimed at relieving the supply crunch.
The property is the former Upper Aljunied Technical School on Upper Aljunied Road. It has a land area of 19,704 sq m and a gross floor area of 7,722 sq m.

It comes with a guide rental of $74,100 a month or $9.60 per sq m, with the tenancy renewable up to 2012.

The SLA says property and leasing companies have already expressed interest.

It has put out various state properties as interim sites this year, including former childcare centres, and more are being identified in suburban areas or away from the Central Business District.

This was a response to the tight office market and soaring rents in prime areas, which are driving some tenants to seek cheaper locations further from town.

In the residential market, two more collective sale sites have been put on the market.

The bigger plot is Cavenagh Gardens on Cavenagh Road, near the Istana. Owners at the estate, a 130,000 sq ft freehold site, want $619 million, or $2,308 per sq ft of potential gross floor area.

PropNex, which is marketing the site, has applied for permission to amalgamate a piece of state land.

If this is allowed, the combined site will cost $770 million, excluding about $72.8 million for the state land. The cost will be higher in this case because whoever buys the combined site will be able to build a bigger project.

If the amalgamation is not allowed, developers will be restricted to a smaller project of up to seven storeys, said PropNex.

PropNex said the buyer could instead keep and revamp two existing blocks, which have 13 storeys each, but they would have to apply for permission to retain them. The tender closes on Nov 23.

The agent also put up the freehold Novena Hill in Novena for sale yesterday at a price of $56 million to $60 million, or up to $1,777 per sq ft of potential gross floor area. The tender closes on Nov 16.

Source : Straits Times - 20 Oct 2007

Singapore Property - Buy , Sell , Rent , Invest

Mindy Yong

(+65)91002985
mindy@mindyyong.com

http://www.hotvictory.com

Singapore GuocoLand posts $28m net gain in first quarter

Singapore GuocoLand posts $28m net gain in first quarter

GUOCOLAND yesterday said its first-quarter net earnings have soared to $27.68 million, up from $8.1 million a year ago.
Revenue for the three months ended Sept 30 rose 117 per cent to $190.98 million.

The key driver of the bumper result was the strong profit contribution from sales of GuocoLand’s West End Point project in Beijing. It has already sold 774 of the development’s 810 units.

GuocoLand continues to sell three residential projects in Singapore and will launch Goodwood Residence on Bukit Timah Road in the current financial year.

It has sold 86 per cent of Le Crescendo, a condominium in Paya Lebar that has already obtained its temporary occupation permit.

It has also sold 91 per cent of The View@Meyer in Meyer Road which was launched in January.

And about 97 per cent of the 337 launched units of The Quartz in Buangkok have been snapped up. This project, launched in the middle of last year, has 625 units.

GuocoLand said it expects to report satisfactory results for the next quarter due to buoyant demand across the region.

Earnings per share for the first quarter were 3.62 cents, up from 1.32 cents a year ago. Net asset value per share was at $2.37, up from $2.30 at the end of June.

The developer said it believes demand for quality residential projects and well-located commercial properties in the countries where it operates - Singapore, China, Malaysia and Vietnam - will be sustained.
Source : Straits Times - 20 Oct 2007

Singapore Property - Buy , Sell , Rent , Invest

Mindy Yong

(+65)91002985
mindy@mindyyong.com

http://www.hotvictory.com