28 Aug '17, 3am

GuocoLand Q4 net profit soars to S$244.85mil

Developer GuocoLand’s net profit surged to $244.85 million in the fourth quarter ended 30 June 2017 from S$39.85 million in the same period a year ago, while revenue soared to S$407.37 million from S$214.48 million, revealed an SGX filing on Saturday (27 August). “GuocoLand has delivered a creditable set of results against the backdrop of a challenging operating environment. This is supported by healthy sales at our residential projects in Singapore and we are very pleased with the good leasing commitments at Tanjong Pagar Centre and Damansara City, our two flagship integrated developments in Singapore and Malaysia,” said GuocoLand Group President and CEO Raymond Choong. SEE ALSO: GuocoLand to issue S$170mil bonds For instance, in Singapore, all the units at Goodwood Residence have been taken-up. Around 90 percent of the homes at the 381-unit freehold Leedon Residence have...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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Oxley revenue up 36% in Q4

propertyguru.com.sg 22 Aug '17, 3am

Oxley Holdings saw its revenue for Q4 2017 increase by 36 percent year-on-year to S$224.33 million mainly due to revenue r...