Heeton Holdings Limited has recently announced its financial results for the second half of FY2024, reporting a significant 221% year-on-year increase in earnings, amounting to $3.85 million for the period ending on December 31, 2024. However, for the full fiscal year, the group remains unprofitable.

The earnings per share for the second half of FY2024 stood at 0.79 cents per ordinary share, while for the entire fiscal year, it was a negative 0.28 cents per share.

The revenue for the second half of FY2024 recorded a 10.5% year-on-year growth, reaching $41.1 million. Similarly, for the full fiscal year, it saw a 15.2% year-on-year increase, totalling $78.2 million.

The company attributed this growth in revenue to its rental income from investment properties, hotel operation income, and management fees. The increase in revenue for the year ended December 31, 2024, was primarily due to higher occupancies in the United Kingdom and an …

Singaporean entrepreneur and property developer, Que Neo, is passionate about creating residential projects in areas where he would love to live. His latest venture, K Suites, developed by his company’s subsidiary, EG Properties, is a 19-unit apartment complex located at Lorong K Telok Kurau in the highly coveted District 15 of the East Coast.

Located in a prime location, K Suites boasts of easy access to amenities such as the beach, East Coast Park, shopping centers, the bustling Central Business District (CBD), and Changi Airport. Neo proudly shares, “With the East Coast Parkway and Pan-Island Expressway, it takes just 10 minutes to reach the airport and another 10 minutes to downtown.”

The main draw of K Suites is its strategic location, offering convenience and access to various transportation options. With the nearest bus stop less than 50 meters away, residents can easily get to two nearby MRT stations, Marine Parade …

Landlords to expect flat rental growth in 2025, according to Savills SingaporeAccording to Savills Singapore’s market report, private housing rents have recorded a modest rebound in 4Q2024, inching up 0.2% q-o-q in the last three months of the year. However, landlords should expect rental growth to be flat this year due to the relatively poor performance of the non-landed private residential market in the first three quarters of 2024. This has resulted in rents falling by 1.7% over the whole of 2024, marking the first full-year decline since 2020. The decrease in leasing activity last quarter, with a 24.2% q-o-q drop in transactions, is largely due to a decrease in net new rental demand as well as a year-end seasonal lull in rental activity. Despite this, there is still some growth in rental demand and rents in the private residential market have stabilised. This is especially evident in suburban areas, …

CBRE, a leading real estate services company, is the appointed exclusive marketing agent for the 27-room Hotel Clover located at 7 Hongkong Street and the commercial building at 36 Hongkong Street. The boutique hotel is being offered for sale at a guide price of $27 million, while the commercial building has a guide price of $22.6 million.

Sitting on a prime 1,701 sq ft plot, the six-storey Hotel Clover boasts 27 well-appointed rooms and is zoned as a “hotel” property with a 4.2 plot ratio under the latest Master Plan. With a remaining leasehold of approximately 89 years, this 99-year leasehold property is a valuable investment opportunity. The hotel’s total floor area spans 7,142 sq ft, translating to a price of $3,780 psf on the floor area.

Similarly, the five-storey commercial building at 36 Hongkong Street sits on a 1,733 sq ft plot and is zoned as a “commercial” property …

MCL Land, CSC Land Group receive Temporary Occupation Permits for Parc Esta, Lake GrandeAlan Cheong: Market poised for a sprightly 2021 as economy recoversPanelists agree private residential market will remain strong despite talk of cooling measuresNew property measures to impact HDB resale market, say panelistsBudget 2025 measures could influence property market first half of 2025: PanelistsPanelists discuss property trends in Clementi, Jurong East at EdgeProp event, including tenants’ needsEdgeProp presents Master Plan Master Class on Transforming Cities: Clementi, Jurong East

EdgeProp Singapore’s Property Market Outlook event on Feb 16 sparked discussions on various topics such as the possibility of new property cooling measures, upcoming housing supply from government land sale (GLS) sites and Build-To-Order (BTO) launches, as well as the potential impact of Budget 2025 announcements on the real estate market. The event, organized by EdgeProp Singapore, featured a panel of three industry experts: Alan Cheong from Savills Singapore, Wong …

JustCo, the renowned flexible workspace operator, has recently launched its luxury brand, The Collective, with the opening of its flagship co-working space in Tokyo. The 24,000 sq ft workspace, located in the GranTokyo South Tower, boasts a stunning location in the Marunouchi district within Tokyo’s Chiyoda City ward. This prime spot is conveniently situated near Tokyo Station, providing easy access to both Narita and Haneda airports.

According to a press release on Feb 19, The Collective is a tribute to the sophistication and warmth of a luxurious voyage, inspired by the iconic Tokyo Station. Along with a hot desk area and meeting rooms, the co-working space offers private suites with 24/7 secured access and larger enterprise suites with exclusive entrance features and customizable workspace designs. Each workspace is furnished with high-quality Herman Miller Aeron chairs and Benel adjustable desks, ensuring comfort and functionality for its members.

In addition to these …

Chiu Teng Group, a renowned developer known for creating top-quality commercial and industrial spaces in Singapore, has recently launched its latest project, CT Pemimpin. This freehold B1 industrial factory is strategically located at 43 Jalan Pemimpin in the Central Region, making it an attractive choice for both companies looking for a convenient and accessible location, as well as property investors seeking a rare permanent investment opportunity.

CT Pemimpin offers a range of sustainable features and communal facilities, making it a highly desirable development. These include two rooftop pavilions, perfect for outdoor gatherings, rooftop solar panels, two passenger lifts and a service lift. The nine-storey factory also boasts 56 strata-titled units and three canteen units, with floor heights ranging from 5.6m to 7.35m for selected units with mezzanine floors on levels one and five. Each individual unit comes equipped with its own toilet, providing convenience and privacy for occupants.

One of …

Lentor Central Residences, a 477-unit development located in Lentor Hills, will be up for viewing starting February 21. Jointly developed by Hong Leong Holdings, GuocoLand, and CSC Land, this is the sixth new launch project in the area.

The development comprises of two high-rise residential blocks, with a 27-storey and a 28-storey block respectively. It offers a range of one- to four-bedroom units, which span from 463 sq ft to 1,399 sq ft.

Be the first to know about the available units and prices for Lentor Central Residences.

According to the developers, the starting prices for one-bedroom units will be from $975,000 ($2,110 psf), while two-bedroom units will start at $1.38 million ($2,050 psf). Three-bedroom units will start at $1.81 million ($1,984 psf), while the four-bedroom units will be available from $2.37 million ($2,000 psf).

Lentor Central Residences boasts various amenities, including a 50-metre Infinity Edge Pool, 25-metre Lap Pool, …

Singapore Realtors Inc (SRI) recently announced a partnership with Redbrick Mortgage Advisory to enhance the skills of its agents.

Through this collaboration, Redbrick will provide training to SRI agents on advanced mortgage strategies to better assist homebuyers in their financing decisions.

According to Redbrick CEO Eugene Huang, this partnership will empower SRI agents to become trusted advisors who can offer personalized financing solutions, enabling buyers to make well-informed choices.

Aside from training, Redbrick will also provide SRI agents with up-to-date mortgage rate information from over 15 financial institutions. This allows agents to efficiently and quickly present clients with current financing options, thanks to Redbrick’s access to real-time mortgage data.

SRI CEO Thomas Tan believes that this partnership will benefit their agents and clients, as they will have access to reliable mortgage advice and information, ultimately streamlining the home buying process.…

Frasers Property Singapore has announced the sale of the retail podium at Sky Eden@Bedok through an expression of interest (EOI) exercise. The guide price for the podium, which comprises 12 strata retail units on the ground floor, is $45.2 million.

The combined strata area of the retail units is approximately 11,193 sq ft, which equates to a guide price of $4,038 psf. The units can be sold collectively as a portfolio, individually, or in clusters, according to marketing agent CBRE. They range from 398 sq ft to 1,313 sq ft in size and are priced from $1.91 million to $5.55 million. All units are approved for F&B use.

Sky Eden@Bedok is a mixed-use development located in Bedok Central that is currently under construction. It comprises 158 residential units spread across two 16-storey towers on top of a retail podium. The 99-year leasehold project is only a few minutes’ walk from …