News Highlights Sat 23 February 2008

The Business Times, P7

Wheelock may not launch Orchard View this year
Wheelock Properties (Singapore) is likely to hold off launching Orchard View at Angullia Park for sale until next year, when the project is scheduled for completion. The group said it expects to launch Ardmore 3 next year. The project is now under piling stage and is slated for completion in 2012. Scotts Square developed by the group is 67% sold at an average price of $3,988 psf. “Sales of the remaining units are ongoing and we expect to sell progressively over the next two years,” the group said.



The Straits Times, PS33

CapitaLand profit leaps to $2.76b on gains in key markets
CapitaLand tips that home prices will increase by 5 to 10% this year, sales volume could moderate although prices should hold up. The group announced a net profit of $2.76 billion yesterday. CapitaLand will not delay its residential launches this year. It plans to launch 800 to 1,000 units this year, including 130 units of its high-end condominium Latitude in Jalan Mutiara and 70 units of its luxury condo on the Silver Tower site in Cairnhill in the first half of the year. Some units in Latitude were sold at a preview last year for $2,494 to $2,829 psf. Early next year, CapitaLand will launch a 99-year leasehold condo with an estimated 1,500 units on the Farrer Court collective sale site. The firm said it would be designed by award-winning architect Zaha Hadid.