Wednesday, August 22, 2012

Wing Tai Holdings to yield 337 homes in new project

Wing Tai Holdings will soon develop a five-block, 18-storey residential project at 105 & 107 Tampines Road, said a company release.

The development will offer a total of 337 residential units in addition to a commercial unit. The homes would range from one- to four- bedders and include dual key units.

Measuring 141,539 sq ft, the freehold site has a gross floor area (GFA) of 297,232 sq ft and a plot ratio of 2.1.

Arc Studio Architecture + Urbanism have been appointed as the project architect.

Meanwhile, the group posted S$202.22 million in revenue for its fourth quarter ended-30 June, up 88 percent from S$107.49 million over the same period last year. Gross profit likewise increased 54 percent to S$98.45 million from 63.75 million previously.

However, for the year ended-30 June, Wing Tai’s revenue dipped 17 percent to S$624.89 million from S$751.1 last year.

At the same time, gross profit decreased 30 percent to S$305.39 million from S$439.26 million in 2011.

View the original article here

No comments:

Post a Comment