December 2023

Lian Beng joint venture sells Wilkie Edge to Keppel Capital

[vc_row][vc_column][vc_column_text]Keppel Capital has reportedly signed a joint venture agreement (JV), between Lian Beng Group, Apricot Capital and Apricot Capital to sell office and retail space in Wilkie Edge area of Selegie. The Business Times has been informed that the price of this property is around S$350,000,000, or S$2,200 per square foot, based on an area […]

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HDB’s FY2022 deficit widens to a record S$5.4 Billion

[vc_row][vc_column][vc_column_text]Housing and Development Board reported a net loss of S$5.4 Billion for its fiscal year 2022. This is a record breaking S$4.4 Billion, set in FY2021. The latest net deficit was also primarily due to the shortfall in the housing programme for the public. The Home Ownership Programme spent S$4.7 billion to build Build-To-Order flats

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