Wing Tai chairman: Outlook for Singapore residential market still subdued despite pick-up in sales

is largely due to the number of new projects launched this year rather than an indication of improving market sentiment.

In Singapore, Wing Tai’s upcoming project on Middle Road will likely feature smaller units. “We have the approval to have more than 500 units [in the development],” says Cheng. When the site was launched for sale under the 2H2018 Government Land Sales programme, the guidelines indicated that the site could yield about 375 residential units.

For FY2019 ending June 20, 2019, the group recorded a total revenue of $322.6 million, representing a 10% decrease from the $360.4 million revenue recorded in the previous year. The company says this is mainly due to lower contributions from development properties.

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Stocks to watch: Wing Tai, Oxley, Heeton, Tiong SengTHE following companies saw new developments that may affect trading of their shares on Wednesday: Read more at The Business Times.
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Stocks to watch: Wing Tai, Oxley, Heeton, Tiong SengTHE following companies saw new developments that may affect trading of their shares on Wednesday: Read more at The Business Times.
स्रोत: BusinessTimes - 🏆 15. / 51 और पढो »

New IPOS entity to help Singapore firms take intangible assets to marketTHE Intellectual Property Office of Singapore (IPOS) has launched IPOS International - a new entity that will support the growth of businesses through the commercialisation of their intangible assets (IA) and intellectual property (IP), both in Singapore and globally. Read more at The Business Times.
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