Heeton Holdings

Heeton posts 83.5% lower 1Q earnings of $1.1 mil on lower other income & share of associates

SINGAPORE (May 13): Heeton Holdings has announced earnings of $1.1 million for 1Q19, down 83.5% from $6.7 million a year ago, mainly due to other operating income and share of results of associated companies and joint venture companies.

Revenue for 1Q fell 6.1% y-o-y to $11 million from $11.8 million previously, mainly due to lower sale revenue from residential project [email protected] Pagar and lower rental revenue post the completion of investment property, The Woodgrove.

Heeton-KSH-Oxley-SLB JV delays Nov launch of Gaobeidian project amid trade war

SINGAPORE (Oct 21): Heeton Holdings, KSH Holdings, Oxley Holdings and SLB Development have delayed the November launch of its Gaobeidian project in China.

This is due to uncertainties arising from ongoing trade war between the US and China, the JV said in a filing on Friday night.

The JV is investing RMB145 million ($28.8 million) in the developer of a property project in Gaobeidian in Hebei province.

Heeton, KSH, Lian Beng jointly acquire Hotel Indigo Glasgow in Scotland

SINGAPORE (Oct 3): Heeton Holdings, KSH Holdings and Lian Beng Group have jointly acquired Hotel Indigo Glasgow in Scotland on Monday.

The consortium is led by Heeton, which holds an effective interest of 60%, while Lian Beng and KSH have 20% each. This is the consortium’s first hospitality asset in Scotland.

The property is located near the Glasgow Central station and is well placed for Glasgow’s central business district (CBD) area, tourist attractions and shopping districts. It is also a 15-minute drive away from the airport.

Heeton acquires Stewart Apartments; first hospitality asset in Scotland

SINGAPORE (Oct 1): Heeton Holdings has acquired the Stewart Apartments in Edinburgh, Scotland.

This is Heeton’s first hospitality asset in Scotland, which recently was declared a Unesco World Heritage Site.

Renamed the Stewart Aparthotel, the 31-unit property offers proximity to the city’s premium shopping districts and world famous tourist attractions including the majestic Edinburgh Castle.

Following the acquisition, the Stewart Aparthotel will be managed by Heeton’s hospitality division under the brand Heeton Concept Hotel.

Heeton and KSH in joint acquisition of second Japan hotel

SINGAPORE (Aug 16): Heeton Holdings and KSH Holdings is jointly acquiring its second hotel in Japan.

The 10-storey Smile Hotel in Asakusa, Tokyo, comprises 96 bedrooms and is located close to the Asakusa metro.

The freehold property has a land area of 361.38 sqm and a total gross floor area of 1,793.43 sqm.

Heeton will hold a 70% interest while KSH will hold the remaining 30% in the consortium making the acquisition.

The hotel will remain operating under the Smile Hotel brand and will be managed by the current hotel operator.

112 of 300 units put up for sale at Affinity at Serangoon sold over weekend: Oxley

SINGAPORE (June 4): Oxley Holdings says JV unit Oxley Serangoon sold 112 units out of the 300 units at Affinity at Serangoon during its Phase 1 launch over the weekend.

The average price for the units sold was $1,575 psf and from across all unit types, says Oxley in a Monday night filing. Eighty percent of the buyers were Singaporeans with the remaining 20% made up of PRs and foreigners.

Affinity is a 99-year leasehold development comprising seven blocks with 1,012 one- to four-bedroom apartments and 40 strata landed houses.

Heeton's 1Q earnings more than double to $6.5 mil on higher income, share of profits

SINGAPORE (May 10): Property amd hotel group Heeton Holdings reported first quarter earnings more than doubled to $6.45 million for 1Q18 from $2.80 million in 1Q17.

CIMB thinks these 5 small developers with exposure to Gaobeidian are 'beautiful'

SINGAPORE (Jan 18): CIMB likes five unrated developers with market caps ranging from $140-$470 million and property development activities in Singapore and China, in the Gaobeidian area.

See: KSH, Lian Beng, Heeton, Oxley shares on a tear after site of China’s latest SEZ revealed

See: KSH sets its sights on Gaobeidian bonanza

KSH, Lian Beng and Heeton acquire Geylang properties for $60 mil via jointly-owned subsidiary

SINGAPORE (Dec 11): Development 24, a property development and investment holding company owned by KSH Holdings, Lian Beng Group and Heeton Holdings, has exercised an option to purchase a group of freehold properties along Geylang Lorong 24 for a consideration of $60 million.

Development 24 is 48%-, 42%- and 10%-owned by KSH, Lian Beng, and Heeton, respectively.

Heeton to sell The Woodgrove for $55.9 mil

SINGAPORE (Dec 6): Heeton Estate, a wholly-owned subsidiary of Heeton Holdings, has agreed to sell development at 30 Woodlands Avenue 1, The Woodgrove, for $55.85 million to an undisclosed purchaser registered in Singapore.

Heeton expects to book $22 million in net gain from the transaction, which it intends to use for the acquisition of potential development property and/or hospitality assets in future.

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