Heeton Holdings, the niche boutique property developer that focuses on developments catering to niche upscale markets with projects of unique and exclusive concepts, says it posted an increase of 127.3% in its profit after tax to $10.35 million in its 9 months ended 30 September 2009.

This came on the back of an increase in its turnover by 38.1% to $44.37 million, mainly brought about by the increase in revenue from property development with recognition of sales coming mainly from The Elements@Stevens and The Lumos.