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Boustead Singapore H2 profit up 64% to S$37.3 million on improved revenue

ENGINEERING and technology group Boustead Singapore has posted a 64 per cent increase in its second-half net profit. ....

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General Announcement::Summons to Answer Charges Against BP E&C for Contravention of the Air Navigation Act

General Announcement::Summons to Answer Charges Against BP E&C for Contravention of the Air Navigation Act
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Boustead Singapore Announces a Special Dividend: 5 Things Investors Should Know

The engineering conglomerate posts a sterling set of earnings despite a tough year. Here are five highlights from its earnings report. The post Boustead Singapore Announces a Special Dividend: 5 Things Investors Should Know appeared first on The Smart Investor. ....

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Singapore Property Investment Grew 48% in 2021 Q1

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OUE Bayfront on Collyer Quay
After a sharp rebound in the first quarter of 2021, Singapore’s property investment volume is set to recapture pre-COVID levels in the coming periods, according to research by Colliers.
The global consultancy said total investment sales in the first quarter rose 25.8 percent from the previous quarter and 47.9 percent from a year earlier to S$3.8 billion ($2.9 billion) as sentiment improved amid the reopening of the city-state’s economy.
In the commercial segment, investment sales surged 377 percent from the previous quarter and 43.8 percent from a year earlier to S$1.1 billion. All calculations exclude mergers and government land sales, Colliers said. ....

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Singapore property investment market to return to pre-Covid-19 levels in quarters ahead: Colliers

SINGAPORE - Property investment sales in Singapore are expected to return to pre-Covid-19 levels over the next three quarters of the year as investor sentiments continue to improve amid economic growth and stability, said real estate consultancy Colliers in a report on Thursday (April 15).
Real estate investment sales rose 25.8 per cent in the first quarter of this year, posting a year-on-year increase of 47.9 per cent to $3.8 billion. The figure excludes mergers and government land sales.
This was mainly led by the commercial and industrial property segments, including a number of major deals such as the half-stake in OUE Bayfront sold for $634 million, the sale of YewTee Point for $220 million and Boustead Projects injection of 14 properties into the newly established Boustead Industrial Fund at $469 million. ....

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