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Posts Tagged ‘chip eng seng’

Chip Eng Seng posts 37% rise in 3Q earnings to $23.7m

November 10th, 2010 | No Comments

Builder and developer Chip Eng Seng says after-tax profits for 3Q2010 increased by 37.0% to $23.7 million from $17.3 million in 3Q2009. Total revenue increased by 9.8% to $115.2 million from $104.9 million.

Construction
Revenue contribution came mainly from on-going projects such as Grange Infinite, Queenstown RC25, Sengkang N4C3 and Punggol West C25. However, revenue decreased by 10.9% to $71.7 million for 3Q2010 due to the completion of two major projects, The Parc Condominium and CityVista Residences in 3Q2010.

Chip Eng Seng and NTUC JV puts in top bid for Pasir Ris EC land

October 21st, 2010 | No Comments

Chip Eng Seng Corporation says the company’s wholly-owned subsidiary, CEL Development (CEL) and Choicehomes Investments (CHI) have jointly tendered for and emerged as the top bidder of the land parcel at Pasir Ris E3 for Executive Condominium housing development. The purchase price for the site was $89.9 million or $263 psf per plot ratio.

Chip Eng Seng sells Australian 33M property unit to interested party

September 17th, 2010 | No Comments

Chip Eng Seng Corporation says CES-Mckenzie (Vic) Pty Ltd, a wholly-owned subsidiary of the company, has agreed to sell one unit and one car park lot in the property project known as 33M in Melbourne, Australia, to one interested person Dawn Lim Sock Kiang for A$567,000 ($756,321).

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Chip Eng Seng awarded $90m HDB contract for building works at Hougang

September 16th, 2010 | No Comments

Chip Eng Seng Corporation says wholly-owned subsidiary, Chip Eng Seng Contractors (1988) Pte Ltd, has been awarded a $90 million by the Housing & Development Board for building works at Hougang Neighbourhood 9 Contract 12.

The contract comprises of the construction of six blocks of residential buildings with 699 dwelling units, a multi-storey carpark and community facilities. The construction period is approximately 31 months.

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Chip Eng Seng unit wins Punggol Field EC development with $142m bid

August 25th, 2010 | No Comments

Chip Eng Seng Corporation says wholly-owned subsidiary CES Engineering and Construction has been informed by Punggol Field EC that its $142 million bid for building works has been accepted.

Punggol Field EC is a 40% and 60% joint venture between CEL Development Pte Ltd and Choicehomes Investments respectively.

Chip Eng Seng reports 76% surge in 1H net profit to $47.2m

August 13th, 2010 | No Comments

Chip Eng Seng Corporation, the construction and property group, has reported a 76% surge in net profit to $47.2 million in the six months ended 30 June 2010 (1H 2010) and a 55% surge in 2Q 2010 net profit to $22.4 million.

2Q 2010 group revenue rose 84% to $125.0 million, boosted mainly by property sales as well as higher construction activities.

STI up 1.1% to 2,850.44 as of 9:32 a.m.

June 16th, 2010 | No Comments

Singapore’s Straits Times Index advanced 1.1% to 2,850.44 as of 9:32 a.m. Twenty-nine stocks on the 30-member gauge increased. Shares on the measure trade at 14.1 times estimated earnings, compared with about 17.5 times at the beginning of the year, according to Bloomberg data. The following shares were among the most active in the market.

Chip Eng Seng Corp. (CHIP SP) gained 1.5% to 34 cents. The homebuilder said its CEL Development Pte unit and Choicehomes Investments Pte submitted the top bid of $223.7 million at a government auction for a residential site in the northeastern part of the city-state.

Chip Eng Seng says it is top bidder for Punggol site

June 16th, 2010 | No Comments

Chip Eng Seng Corporation says wholly-owned subsidiary, CEL Development Pte Ltd (CEL) and Choicehomes Investments Pte Ltd (CHI) have jointly put in the top bid of the land parcel at Punggol E4 for an Executive Condominium housing development. The purchase price for the site was $223.7 million.

June 16: Chip Eng Seng, Cosco, SIA, Parkway, Spice i2i

June 16th, 2010 | No Comments

Singapore’s benchmark Straits Times Index rose 0.14 point on Tuesday to 2,818.21 points last night. Singapore shares are likely to rise on Wednesday following an overnight leap on Wall Street that saw the S&P index turn positive for the year.

Chip Eng Seng Corp. (CHIP SP): The Singapore-based homebuilder said its CEL Development Pte unit and Choicehomes Investments Pte submitted the top bid of $223.7 million at a government auction for a residential site in the northeastern part of the city-state. Chip Eng Seng climbed 3.1% to 33.5 Singapore cents.

Chip Eng Seng upgraded to â€˜buyâ€™ by Westcomb

March 26th, 2010 | No Comments

Westcomb has upgraded Chip Eng Seng (C29.SG) to “buy” from “hold”, citing improved outlook for construction, property development group in Singapore, abroad.

The broker notes company recently awarded tender for land parcel in Melbourne’s central business district, where it plans to build 350-unit residential development.

Chip Eng Seng wins tender of Melbourne CBD land with $25.8m bid

March 15th, 2010 | No Comments

Chip Eng Seng Corporation, one of the leading construction and property groups, has been awarded the tender for a land parcel at 27-39 Mackenzie Street in Melbourne, Victoria, for A$20.2 million ($25.8 million). The land tender was won by its wholly-owned subsidiary CES-Mckenzie (Victoria).

Posts Tagged ‘chip eng seng’

Chip Eng Seng posts 37% rise in 3Q earnings to $23.7m

Chip Eng Seng and NTUC JV puts in top bid for Pasir Ris EC land

Chip Eng Seng sells Australian 33M property unit to interested party

Chip Eng Seng awarded $90m HDB contract for building works at Hougang

Chip Eng Seng unit wins Punggol Field EC development with $142m bid

STI up 1.1% to 2,850.44 as of 9:32 a.m.

Chip Eng Seng says it is top bidder for Punggol site

June 16: Chip Eng Seng, Cosco, SIA, Parkway, Spice i2i

Chip Eng Seng upgraded to â€˜buyâ€™ by Westcomb

Chip Eng Seng wins tender of Melbourne CBD land with $25.8m bid

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