From left: Kingsley Ng, director of P&T Consultants; Edmund Cheng, deputy chairman of Wing Tai Holdings; Stéphane Montfort, managing director of Dragages Singapore; and Tan Hwee Bin, executive director of Wing Tai Holdings at the topping out ceremony for The M (Picture: Wing Tai Holdings)SINGAPORE (EDGEPROP) - Wing Tai Holdings has topped out The M @ Middle Road, its mixed-use development in District 7’s Bugis area. On Jan 11, a topping-out ceremony was held for the 99-year leasehold project, wh
SINGAPORE (EDGEPROP) - The sale of a four-bedroom unit at One Jervois was the most profitable transaction for the week of Nov 29 to Dec 6. The 2,971 sq ft unit was sold for $5.45 million ($1,834 psf) on Nov 30. The unit was purchased for $3.75 million ($1,262 psf) in May 2008. Hence, the seller made a gain of $1.7 million or 45.3% over a 14½-year holding period.The sale is the third-most profitable transaction to occur at the development, according to data compiled on the EdgeProp Research tool.
The 522-unit The M is 93.5% sold to date at a median price of $2,758 psf, based on caveats lodged for transactions from April to August to date (Photo: Samuell Isaac Chua/EdgeProp SIngapore) SINGAPORE (EDGEPROP) - Wing Tai Holdings has reported earnings of $140.2 million for the FY2022 ended June, 222% higher than earnings of $43.6 million in the FY2021. This was boosted by the group’s 2HFY2022 earnings of $86.4 million, which reversed from its $13.2 million loss in the 2HFY2021.During the perio