{"id":103745,"date":"2019-02-07T11:50:12","date_gmt":"2019-02-07T04:50:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/koh-brothers-to-launch-new-projects-in-holland-village\/"},"modified":"2019-02-07T12:04:07","modified_gmt":"2019-02-07T05:04:07","slug":"koh-brothers-to-launch-new-projects-in-holland-village","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/koh-brothers-to-launch-new-projects-in-holland-village\/","title":{"rendered":"Koh Brothers to launch new projects in Holland Village"},"content":{"rendered":"


\nThe homegrown developer plans to launch three freehold developments in Holland Village this year, including the former Toho Mansion en bloc site.
\nHomegrown property developer Koh Brothers saw its net profit for the fourth quarter of 2018 drop to $2.2 million from $12.1 million over the same period last year, while revenue held steady at $131.5 million, down slightly from $131.9 million previously.
\nFor the whole of 2018, net profit fell to $6.6 million from $20.6 million in 2017, while revenue marginally declined to $403.6 million from $403.8 million in the year before.
\n\u201cOur geographical diversification has paid off and we have started to see profit recognition of our Nonhyeon I\u2019PARK mixed-development project in Seoul. At the same time, we are focused on launching three freehold developments in the prime Holland Village district this year where we see good potential,\u201d said Koh Brothers managing director and group CEO Francis Koh.
\n\u201cWe will differentiate our projects through our unique focus on lifestyle-themed developments, capitalising on the rejuvenation of the Holland Village vicinity.\u201d
\nTo know more about the master plan for Holland Village in 2019, check out\u00a0PropertyGuru AreaInsider
\nIn June, Koh Brothers revealed that it had sold 96 percent of its first development project in Gangnam, South Korea \u2013 Nonhyeon I\u2019PARK. The group owns a 45 percent stake in the mixed-use development which was warmly welcomed during its launch, with 75 percent of all units sold within a week.
\nIn Singapore, the group\u2019s development land bank includes the fully-owned Toho Mansion as well as the 20 percent-owned joint-venture development sites, Estoril and Hollandia. All three freehold sites are situated within the Holland Village vicinity, which has been earmarked for expansion and refurbishment by the government.
\nLooking for a home near Holland Village MRT station? Browse the\u00a0latest properties for sale or read our\u00a0buying guides.
\nLatest flash estimates from the Urban Redevelopment Authority showed a 0.1 point decrease in private residential properties prices in Q4 2018 from the previous quarter. For the whole of 2018, prices rose 7.9 percent versus the 1.1 percent increase seen in 2017.
\n\u201cLooking ahead, we will monitor the market closely to time our launches in Singapore prudently. Meanwhile, we look forward to the TOP of our Gangnam development in 2020 and will continue to prudently look for opportunities to expand our presence overseas,\u201d noted Koh.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Koh Brothers to launch new projects in Holland Village<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The homegrown developer plans to launch three freehold developments in Holland Village this year, including...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-103745","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qZj","jetpack-related-posts":[{"id":82288,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/koh-brothers-clinches-toho-mansion-in-holland-road-for-120-4m\/","url_meta":{"origin":103745,"position":0},"title":"Koh Brothers clinches Toho Mansion in Holland Road for $120.4m","date":"March 9, 2018","format":false,"excerpt":"\r Toho Mansion is located on an elevated site that overlooks a good class bungalow area. Homegrown developer Koh Brothers has won the en bloc tender for Toho Mansion at Holland Road, after it offered $120.4 million for the site. Featuring two four-storey residential blocks with 32 apartments, the freehold\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113602,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/koh-brothers-sells-10-van-holland-units-at-launch\/","url_meta":{"origin":103745,"position":1},"title":"Koh Brothers sells 10 Van Holland units at launch","date":"January 14, 2020","format":false,"excerpt":"\r Koh Brothers revealed that a good mix of one- to three-bedroom apartments were sold. Luxury residence Van Holland moved 10 units or 15% of its 69 freehold units at an average selling price of $2,975 per sq ft (psf) during its launch over the weekend. Koh Brothers revealed that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2020\/01\/Van-Holland-Unit-Types.png?fit=600%2C559&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":113481,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/van-holland-to-begin-public-sales-this-saturday-from-2600-psf\/","url_meta":{"origin":103745,"position":2},"title":"Van Holland to begin public sales this Saturday, from $2,600 psf","date":"January 8, 2020","format":false,"excerpt":"\r The \u201cExclusive Series\u201d offers 16 apartment units that come with private lift access.\u00a0 Van Holland, Koh Brothers Group\u2019s latest luxury residential development, will be launched for public sales on 11 January, with prices starting from $2,600 per sq ft (psf). Located at the heart of Holland Village in District\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86134,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-olina-lodge-sold-for-230-9m\/","url_meta":{"origin":103745,"position":3},"title":"Freehold Olina Lodge sold for $230.9m","date":"April 23, 2018","format":false,"excerpt":"\r The sale price is 5.0 percent higher than the owners\u2019 reserve price of $220 million, and works out to a land rate of $1,712 psf ppr. (Photo: SRI) The freehold Olina Lodge at 15 Holland Hill has been successfully sold for $230.9 million to Peak Opal, a unit of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82312,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eunos-mansion-sold-collectively-for-220-million\/","url_meta":{"origin":103745,"position":4},"title":"Eunos Mansion sold collectively for $220 million","date":"March 9, 2018","format":false,"excerpt":"\r Completed in 1982, Eunos Mansion comprises 105 apartments and two penthouses. (Photo: Cushman & Wakefield) The freehold Eunos Mansion has been sold collectively to a subsidiary of Fragrance Group for $220 million, according to Cushman & Wakefield which brokered the deal. This is slightly higher than the reserve price\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34706,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/after-29-years-with-koh-brothers-francis-koh-wins-sgs-real-estate-personality-award\/","url_meta":{"origin":103745,"position":5},"title":"After 29 years with Koh Brothers, Francis Koh wins SG\u2019s Real Estate Personality award","date":"November 17, 2016","format":false,"excerpt":"\r Francis Koh will be honoured at the 6th South East Asia Property Awards (Singapore) on 24 November 2016 Singapore\u2019s Francis Koh, managing director and group CEO of Koh Brothers Group Limited, is slated to appear at the exclusive, black-tie gala dinner of the 6th annual South East Asia Property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103745"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=103745"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/103745\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=103745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=103745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=103745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}