Today's news selection contains the latest real estate related stories. Do you own a real estate/property/finance blog or news site? Send the URL to news@agent.sg so our editors can use them as sources.
Its Q4 revenue surged 94.8% to $926.6m, thanks to its residential developments in China.
CapitaLand saw its profit after tax and minority interests (PATMI) jump 21.2% YoY to $2.14b in FY2019 from the $1.76b in 2018, according to an SGX filing. Likewise, its revenue rose 11.3% YoY to $6.23b from $5.6b over the same period.
Its PATMI growth was driven by higher operating PATMI, gains realised from assets recycling and revaluation of investment properties. However, it was partially offset by net impairments made during the year.
Operating PATMI was at $1.06b, which is said to be a record high for the group, thanks to contributions from Ascendas-Singbridge (ASB) businesses, assets acquired in FY2018 and assets that turned operational in FY2019. Full-year return of equity (ROE) rose to 10% from 9.3% in FY2018.
Latest Real Estate News from Singapore
- BHG Retail Reit's Q4 DPU slips 14.7% to 0.93 S cent
- Fragrance's fiscal 2019 profit tumbles 70.1% to S$79.9m
- SPH expands aged care business with C$232.9m Canadian acquisition
- CapitaLand Q4 profit almost doubles; buys UK business park for £126.7m
- City Developments' profit inched up 1.3% to $564.58m in 2019
Useful stories related Singapore
- What discourages Singapore employees towards work?
- $100m to build simulation facilities on all train lines in Singapore to improve rail reliability
- Where to buy cushions & soft furnishings
- 20 Fantastic Halal Restaurants & Cafés
- Must-try local desserts in Singapore
- The best 24-hour activities in Singapore
How to Make a Kid-Friendly Home
- 12 easy ways to make your home more kid-friendly
- 20 Stylish Ways to Kid-Proof a Family Home, According to Designers
- 10 ways to make your home child-friendly
- The Trick to Designing a Home That’s Both Beautiful and Kid-Friendly
- Kid friendly home design tips from Shannon Vos
Cool Kids Furniture
- The Kids' Furniture Sites We Can't Get Enough Of
- Seriously cool kids’ furniture
- The 10 Best Places to Buy Kids Furniture Online in 2020
- 20 Of The Best Places To Buy Furniture And Decor For Kids Online
- 41 incredible kids' beds
Previous news selection
Top 5 S-REITs averaged total return of 8.5% in 2020 YTD
Guest blogging
Are you an aspiring writer and especially interested in real estate? Become a Guest Blogger here, on Agent.sg. Choose a topic which suits your field of expertise and our profile as well, then create your blog post and send it to our email address news@agent.sg. For more information, visit our Guest Blogging Subpage.
About Agent.sg Daily Property News Selection
Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
Contribute
If you also want to share an amazing article that you come across and it fits in the real estate / economy topics, just let it us know in e-mail. We don't guarantee to publish all, but we will some of them for sure. If you want us to bring out your own article, please contact us at news@agent.sg. Some references would also be highly welcome to send us from among your previous publications.
Advertise
Are you looking for some online distribution channels? You find one. Haven't you found a place for your traditional means of advertisement, like PR article or display banner? You've never been so close, just e-mail us at news@agent.sg and our colleague will get in touch with you.
