* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, October 15, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Arts/Entertainment: ‘Wait Until Dark’ brings spooky season center stage – Times Herald Online

    Wait Until Dark’ Delivers Chilling Thrills Perfect for the Spooky Season

    Bluesman James Montgomery Will Perform In Falmouth – CapeNews.net

    Blues Legend James Montgomery Ready to Ignite the Stage in Falmouth

    Mexican singer Pedro Fernández to make Ave Fénix tour stop in Stockton. Tickets, schedule – Yahoo

    Mexican Singer Pedro Fernández Brings the Ave Fénix Tour to Stockton – Don’t Miss It!

    Flutter Entertainment’s SWOT Analysis: Uncovering the Growth Potential Amid Challenges

    Dylan Efron Shares Sweet ‘DWTS’ Rehearsal Photos Featuring His Little Sister Olivia – yahoo.com

    Dylan Efron’s Heartwarming ‘DWTS’ Rehearsal Moments with Little Sister Olivia

    Diane Keaton, Oscar-Winning Star of ‘Annie Hall’ and ‘The Godfather,’ Dies at 79 – Yahoo

    Diane Keaton, Oscar-Winning Star of ‘Annie Hall’ and ‘The Godfather,’ Dies at 79 – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Day 5 of Gains Streak for Solidion Technology Stock with 475% Return (vs. -20% YTD) [10/14/2025] – Trefis

    Solidion Technology Stock Rockets for 5th Consecutive Day, Soaring an Astonishing 475% Year-to-Date

    Tracking DNA and RNA Together To Unlock Disease Insights – Technology Networks

    Unlocking Disease Insights by Tracking DNA and RNA Together

    The future of battery technology – Engineer Live

    Revolutionizing Energy: Exploring the Future of Battery Technology

    How Can Boosting Your Travel Experience with Less Technology Lead to a More Relaxing Vacation? All You Need to Know About This Latest Trend – Travel And Tour World

    How Can Boosting Your Travel Experience with Less Technology Lead to a More Relaxing Vacation? All You Need to Know About This Latest Trend – Travel And Tour World

    Davenport CornCon Cybersecurity Conference helps students explore technology, AI use – KWQC

    Davenport CornCon Cybersecurity Conference Ignites Student Passion for Technology and AI Innovations

    Inside Europe’s military technology resurgence – NBC News

    Europe’s Bold Comeback: Unveiling the Rise of Cutting-Edge Military Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Arts/Entertainment: ‘Wait Until Dark’ brings spooky season center stage – Times Herald Online

    Wait Until Dark’ Delivers Chilling Thrills Perfect for the Spooky Season

    Bluesman James Montgomery Will Perform In Falmouth – CapeNews.net

    Blues Legend James Montgomery Ready to Ignite the Stage in Falmouth

    Mexican singer Pedro Fernández to make Ave Fénix tour stop in Stockton. Tickets, schedule – Yahoo

    Mexican Singer Pedro Fernández Brings the Ave Fénix Tour to Stockton – Don’t Miss It!

    Flutter Entertainment’s SWOT Analysis: Uncovering the Growth Potential Amid Challenges

    Dylan Efron Shares Sweet ‘DWTS’ Rehearsal Photos Featuring His Little Sister Olivia – yahoo.com

    Dylan Efron’s Heartwarming ‘DWTS’ Rehearsal Moments with Little Sister Olivia

    Diane Keaton, Oscar-Winning Star of ‘Annie Hall’ and ‘The Godfather,’ Dies at 79 – Yahoo

    Diane Keaton, Oscar-Winning Star of ‘Annie Hall’ and ‘The Godfather,’ Dies at 79 – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Day 5 of Gains Streak for Solidion Technology Stock with 475% Return (vs. -20% YTD) [10/14/2025] – Trefis

    Solidion Technology Stock Rockets for 5th Consecutive Day, Soaring an Astonishing 475% Year-to-Date

    Tracking DNA and RNA Together To Unlock Disease Insights – Technology Networks

    Unlocking Disease Insights by Tracking DNA and RNA Together

    The future of battery technology – Engineer Live

    Revolutionizing Energy: Exploring the Future of Battery Technology

    How Can Boosting Your Travel Experience with Less Technology Lead to a More Relaxing Vacation? All You Need to Know About This Latest Trend – Travel And Tour World

    How Can Boosting Your Travel Experience with Less Technology Lead to a More Relaxing Vacation? All You Need to Know About This Latest Trend – Travel And Tour World

    Davenport CornCon Cybersecurity Conference helps students explore technology, AI use – KWQC

    Davenport CornCon Cybersecurity Conference Ignites Student Passion for Technology and AI Innovations

    Inside Europe’s military technology resurgence – NBC News

    Europe’s Bold Comeback: Unveiling the Rise of Cutting-Edge Military Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Wing Tai Sells Just 23% of Available Homes at Singapore Condo Project Debut

August 7, 2023
in Technology
Wing Tai Sells Just 23% of Available Homes at Singapore Condo Project Debut
Share on FacebookShare on Twitter

Rendering of Lakegarden Residences (Source: Wing Tai)

Rendering of Lakegarden Residences (Source: Wing Tai)

Wing Tai Holdings sold 23 percent of its upcoming condo project in Singapore’s suburban Jurong district during its launch weekend, a modest take-up for the developer which warned late last week of lower profits in its latest financial year.

The SGX-listed developer sold 71 homes at its 306-unit Lakegarden Residences project during the first two days of sales at an average price of S$2,120 ($1,581) per square foot. The units sold are equal to around 34 percent of the 211 homes made available during the launch according to an announcement on Sunday.

The reception was “modest” despite it being the first project introduced in Jurong since 2016, with PropNex Realty chief executive officer Ismail Gafoor speculating that a flood of 2,500 new condos put on the market over the past month may have turned the market in favour of buyers.

“We believe the modest take-up could be due to several factors, including homebuyers experiencing some degree of buyers’ fatigue,” PropNex’s Gafoor said. “Buyers are probably taking the time to reassess and weigh the available options before committing to a purchase.”

Buyers’ Fatigue Kicks In

Lakegarden Residences, located near Jurong Lake District in western Singapore, attracted mostly locals and permanent residents, particularly families and those looking to upgrade their homes already residing in the region, while foreigners accounted for 2 percent of buyers. according to the firm.

Wing Tai Holdings chairman Cheng Wai Keung

Wing Tai Holdings chairman Cheng Wai Keung

Wing Tai Property Management marketing head Stacey Ow Yeong said the project’s debut reflected healthy demand for private accommodation in Jurong Lake District, which the government is promoting as the city-state’s second central business district.

“We are confident that The LakeGarden Residences will continue to attract home-upgraders in this vicinity, as well as homebuyers who are excited about the strong potential of Jurong Lake District,” Ow Yeong said.

Lakegarden Residences will be built on the site of the former Lakeside Apartments, which Wing Tai bought in May last year for S$273.9 million. The company plans to erect two 19-storey towers on the plot where it will offer one- to two-bedroom units ranging from 484 square feet to 2,260 square feet. The project is slated to open by 2027 and also offers four duplex penthouses of up to 2,260 square feet.

The condo complex is the first private residential project launched in Jurong in seven years,  or since MCL Land, the Singapore subsidiary of Hong Kong Land, put its 710-unit Lake Grande project on the market in July 2016.

Tough Times for Wing Tai

A day before the Lakegarden Residences launch, Wing Tai announced in a bourse filing on Friday that it expects a “significant decrease” in net profit attributable to shareholders for the financial year ended 30 June.

The company attributed the profit slide in part to a decline in valuation of its investment properties, although the group noted that it continues to keep its net gearing low.

The Singapore builder has focused its investment activity in London, where it owns seven office properties, with another two assets in Hong Kong’s Kowloon East area.

In 2021 Wing Tai teamed up with Hong Kong-listed Champion REIT and a pair of private Hong Kong investors to purchase an 11-storey office building in the City of London for £258 million (then $360.8 million). City of London office values fell 21 percent in the first quarter of this year, compared to the same period in 2022, according to data from Savills.

Wing Tai’s project launch and profit warning came on the heels of the firm’s Wincove subsidiary backing out of a deal to acquire the Holland Tower residential site in District 10 after conditions of the sale were not met.

Supply Overflowing

Of the five major condo projects launched in Singapore over the past month, SingHaiyi Group had the most successful launch weekend as it sold more than 520 of the 1,008 homes in the Grand Dunman development in District 15 last month.

Over at Pine Grove in western Singapore’s Clementi area, UOL Group and its Singapore Land subsidiary recorded a take-up rate of 28 percent for the debut of their 520-unit Pinetree Hill project that same weekend.

City Developments Ltd’s The Myst condo project in Bukit Timah also received a cooler reception from buyers in July, with the SGX-listed builder finding buyers for only 27 percent of the 408 units made available during its first weekend of sales.

A deluge of new supply entering the market helped to pull down average home prices in Singapore for the first time in three years. The latest government data shows prices for new private homes fell 0.2 percent in the second quarter from the first three months of the year.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : MingTiandi – https://www.mingtiandi.com/real-estate/projects/wing-tai-posts-modest-sales-for-singapore-condo-project-debut/

Tags: availableSellstechnology
Previous Post

CK Asset Price Cuts Could Start HK Home Price War and More Asia Real Estate Headlines

Next Post

High-stakes Ohio ballot measure sets the stage for another hostile Senate race

Madagascar: Gen Z protesters united by an anime pirate flag are challenging governments around the world – NBC News

Madagascar: Gen Z protesters united by an anime pirate flag are challenging governments around the world – NBC News

October 15, 2025
New report reveals concerning blind spot posing risk to global economy: ‘Not a distant threat’ – Yahoo Finance

New report reveals concerning blind spot posing risk to global economy: ‘Not a distant threat’ – Yahoo Finance

October 15, 2025
Arts/Entertainment: ‘Wait Until Dark’ brings spooky season center stage – Times Herald Online

Wait Until Dark’ Delivers Chilling Thrills Perfect for the Spooky Season

October 15, 2025
Potential crisis looms with loss of environmental health research – Johns Hopkins University

Urgent Alert: Environmental Health Research at a Crossroads

October 15, 2025
Japan’s Tamaki Sees Dramatic Turnaround in Political Fortune – Bloomberg.com

Japan’s Tamaki Sees Dramatic Turnaround in Political Fortune – Bloomberg.com

October 15, 2025
Back to school shopping? – Washington State Department of Ecology (.gov)

Back to school shopping? – Washington State Department of Ecology (.gov)

October 15, 2025
Alltech breaks ground on new crop science facility in Nicholasville – LEX18

Alltech Unveils Cutting-Edge Crop Science Facility in Nicholasville

October 15, 2025
SVC obtains $150,000 National Science Foundation grant – Saint Vincent College

SVC Lands $150,000 Grant to Fuel Innovative Research

October 15, 2025
Zhaobangji Lifestyle Holdings Approves Name Change at EGM – TipRanks

Zhaobangji Lifestyle Holdings Reveals Exciting New Name After EGM Approval

October 15, 2025
Day 5 of Gains Streak for Solidion Technology Stock with 475% Return (vs. -20% YTD) [10/14/2025] – Trefis

Solidion Technology Stock Rockets for 5th Consecutive Day, Soaring an Astonishing 475% Year-to-Date

October 15, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (868)
  • Economy (890)
  • Entertainment (21,762)
  • General (17,609)
  • Health (9,932)
  • Lifestyle (902)
  • News (22,149)
  • People (890)
  • Politics (900)
  • Science (16,100)
  • Sports (21,389)
  • Technology (15,869)
  • World (873)

Recent News

Madagascar: Gen Z protesters united by an anime pirate flag are challenging governments around the world – NBC News

Madagascar: Gen Z protesters united by an anime pirate flag are challenging governments around the world – NBC News

October 15, 2025
New report reveals concerning blind spot posing risk to global economy: ‘Not a distant threat’ – Yahoo Finance

New report reveals concerning blind spot posing risk to global economy: ‘Not a distant threat’ – Yahoo Finance

October 15, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version