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Wing Tai earnings down 91% to $13.3 mil for FY2023

Wing Tai earnings down 91% to $13.3 mil for FY2023

Singapore property developer Wing Tai Holdings has reported a staggering 91% drop in earnings, as its FY2023 results revealed a meager profit of just $13.3 million. The challenging market conditions and ongoing pandemic have dented the company’s performance, raising concerns about its future prospects. With uncertainty looming, Wing Tai’s management will need to strategize and adapt swiftly to navigate these difficult times.

Will Interest Rates Go Down in 2023? How This Affects Your Mortgage in Singapore

Will Interest Rates Go Down in 2023? How This Affects Your Mortgage in Singapore

Singaporeans who are considering taking out a mortgage in 2023 are eagerly awaiting news on whether interest rates will go down. The outcome will have a significant impact on their borrowing costs and overall financial planning. In this article, we delve into the factors that may influence interest rates and discuss the potential implications for mortgage holders in Singapore. Stay tuned for our expert analysis and insights.

CDL reports 1HFY2023 earnings of $66.5 mil, down 94.1% y-o-y from absence of substantial divestment gains

CDL reports 1HFY2023 earnings of $66.5 mil, down 94.1% y-o-y from absence of substantial divestment gains

CDL, the renowned property developer, has recently announced its 1HFY2023 earnings of $66.5 million. Sadly, this figure reflects a drastic 94.1% decline compared to the previous year, primarily due to the absence of significant gains from divestment. This news highlights the challenging circumstances faced by the company during the stated period.

Private housing prices down 0.2% q-o-q in 2Q2023, first decline since 1Q2020

Private housing prices down 0.2% q-o-q in 2Q2023, first decline since 1Q2020

In a surprising turn of events, private housing prices have registered a 0.2% quarter-on-quarter decline in 2Q2023, marking the first downturn since 1Q2020. This unforeseen setback has raised concerns amongst experts, calling for a deeper analysis of the factors contributing to this unexpected drop in prices.