{"id":77318,"date":"2018-01-19T10:48:42","date_gmt":"2018-01-19T03:48:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/lian-beng-to-ride-wave-of-housing-market-recovery\/"},"modified":"2018-01-19T11:02:59","modified_gmt":"2018-01-19T04:02:59","slug":"lian-beng-to-ride-wave-of-housing-market-recovery","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lian-beng-to-ride-wave-of-housing-market-recovery\/","title":{"rendered":"Lian Beng to ride wave of housing market recovery"},"content":{"rendered":"


\nRio Casa, a 286-unit development has been sold collectively for $575 million to Oxley-Lian Beng Venture Pte Ltd.
\nSingapore-listed construction company Lian Beng Group has positioned itself to take advantage of the recovering private housing market.
\nAccording to a report published by CIMB Research on Thursday (18 January), the firm has amassed 1.9 million sq ft of residential landbank here. These include a 20 percent stake each in the redevelopment of two en bloc sites, namely Rio Casa and Serangoon Ville.
\nMoreover, Lian Beng is expected see greater contributions from its property development arm if prices of private residential properties in the city-state rise significantly.
\nIn FY2017, its construction division accounted for 37 percent of its $281.7 million revenue. Property development made up 31 percent, while its concrete and asphalt business comprised 20 percent.
\nThe construction firm is also anticipated to benefit from its 10 percent stake in the Gaobeidian Township project in China, where prices have more than doubled from 4,600 yuan psm in 2014 to 9,800 yuan psm last year, based on data from online property listing portal Anjuke.
\nIn addition, the overall value of Lian Beng\u2019s investment properties has surged from $66 million in FY2012 to $704 million in FY2017, generating cumulative fair value gains of $156 million during the period.
\nTo further take advantage of the improving sentiment in Singapore\u2019s private housing market, the company is considering to spin off its property development arm and list it on the SGX-Catalist board.
\nThis move will not only allow the market to accurately gauge the value of its property development division, but will also enable this business to raise funds independently without using Lian Beng\u2019s finances.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Lian Beng to ride wave of housing market recovery<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rio Casa, a 286-unit development has been sold collectively for $575 million to Oxley-Lian Beng...<\/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-77318","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-k74","jetpack-related-posts":[{"id":68936,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lian-beng-group-posts-47-5-revenue-drop\/","url_meta":{"origin":77318,"position":0},"title":"Lian Beng Group posts 47.5% revenue drop","date":"October 13, 2017","format":false,"excerpt":"\r Lian Beng Group\u2019s revenue slumped by 47.5 percent year-on-year to $37.18 million in the first quarter ended 31 August 2017 primarily because of lower contributions from its construction business, revealed an SGX filing on Thursday (12 October). Consequently, gross profits and its earnings for the period fell by 33.1\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85062,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lian-beng-unit-gunning-for-catalist-listing\/","url_meta":{"origin":77318,"position":1},"title":"Lian Beng unit gunning for Catalist listing","date":"April 12, 2018","format":false,"excerpt":"\r Artist\u2019s impression of KAP & KAP Residences, a mixed-use project by SLB Development. SLB Development, a spin-off from mainboard-listed Lian Beng Group, is seeking to be listed on the Singapore Exchange\u2019s Catalist Board. The property developer is offering 238 million shares at $0.23 each, comprising 230 million shares by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74298,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lian-beng-ksh-heeton-buy-geylang-properties-for-60mil\/","url_meta":{"origin":77318,"position":2},"title":"Lian Beng, KSH, Heeton buy Geylang properties for $60mil","date":"December 12, 2017","format":false,"excerpt":"\r Lian Beng Group Ltd, via its 42 percent-owned associated company Development 24 Pte. Ltd., has exercised an option to acquire the freehold properties known as 31 to 51 (ODD) Lorong 24 Geylang. KSH Holdings and Heeton Holdings also holds a 48 percent and 10 percent stake in Development 24.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73205,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lian-beng-secures-136-8m-contract-to-build-9-condos\/","url_meta":{"origin":77318,"position":3},"title":"Lian Beng secures $136.8m contract to build 9 condos","date":"November 29, 2017","format":false,"excerpt":"\r Lian Beng Group has been awarded a $136.8 million contract via a tender to build nine resident blocks at Potong Pasir Avenue 1 in Toa Payoh, revealed an SGX filing on Tuesday, 28 November. In particular, there will be four blocks of 8-storey residential buildings, two 19-storey blocks and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66688,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lian-beng-wins-contract-to-build-martin-modern-condo\/","url_meta":{"origin":77318,"position":4},"title":"Lian Beng wins contract to build Martin Modern condo","date":"September 18, 2017","format":false,"excerpt":"\r Artist\u2019s impression of the infinity pool at Martin Modern. A wholly-owned subsidiary of Lian Beng Group has secured a $162 million contract to construct Martin Modern, a 99-year leasehold project comprising two 30-storey condominium blocks with a total of 450 units at Robertson Quay. According to an SGX filing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76686,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/despite-lower-earnings-lian-beng-upbeat-on-property-outlook\/","url_meta":{"origin":77318,"position":5},"title":"Despite lower earnings, Lian Beng upbeat on property outlook","date":"January 15, 2018","format":false,"excerpt":"\r Singapore-listed Lian Beng Group\u2019s net profit declined by 33.7 percent year-on-year to $12.19 million during the first half ended 30 November 2017 (1H FY2018), revealed an SGX filing on Friday (12 January). Over the same period, the Grade A1 construction group\u2019s gross profit slumped 33.5 percent to $19.55 million,\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\/77318"}],"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=77318"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/77318\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=77318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=77318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=77318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}