Sing Holdings

[Jordankbl]

Good morning Behappyalways san and every1.

Thank you for the sellers update.

I wish you and your family and all here >2014 马年行大运、发大财、身体健康、万事胜意<

<vested>

[behappyalways]

http://infopub.sgx.com/FileOpen/SHL3Q20 ... eID=263596

The sellers are just trying to pray on the bearish sentiments on property segment..... The Lees should have use the cash hoard (plus receivables) in Sing Holdings to pay off the short term debts and then use the cash to buy out the minority shareholders. All they need is a bridging loan....Then they can enjoy the fruits........office units at cost of $535psf (latest price done is $905psf), waterwoods (selling at above $800psf. 2 years to TOP so I am pretty sure they should sell out by then) and robin plot( circumvent qualification cert....they can take their time to sell.....maybe after the mrt line is up in 2016 to get a better price). The long term debts in Sing Holdings are linked to TOP of Waterwoods and Robin and they did not maximise the loan they can take on Robin ($217m long term debt of which $170m is linked to Waterwoods...so only $50m linked to Robin)

Lees last bought at $0.45 in Feb 2013(almost a year ago) and now with NTA up by another 7 cents(2013) and balance sheet improved(With Laurels TOP), they should value Sing Holdings higher......

Hope the Lees got something in mind and not bo chap....

Good morning Behappyalways san and every1.

Thank you for the sellers update.

I wish you and your family and all here >2014 马年行大运、发大财、身体健康、万事胜意<

<vested>

[behappyalways]

150 units sold left 223 units
http://www.executivecondominium.sg/WaterWoods.html

skypark residences wef of 4 Feb price increase of 1%.....you think the developers worry about not able to sell for EC......

http://www.executivecondominium.sg/SkyP ... ences.html

[Jordankbl]

Good evening Behappyalways San and all.

I was just about to post that Waterwoods sold another 3 units, but you are faster than me.

[behappyalways]

Good evening Behappyalways San and all.

I was just about to post that Waterwoods sold another 3 units, but you are faster than me.

hee hee. They should organise another roadshow after cny to push thru some more units. 2 more years to TOP so they need to sell about 10 units per month

[behappyalways]

As usual Merill Lynch selling most of the block.....and as usual 1 lot from UBS (omg......zero broking cost) and several lots from AM Fraser.......

[behappyalways]

lelong lelong.....



Star Buy Units + CNY Ang Bao

$6,888/-

(from 01 to 14 Feb 2014)

http://www.executivecondominium.sg/WaterWoods.html

[Jordankbl]

Good morning Behappyalways san and All here.

wanted to to post the CNY offer for Waterwoods but hahaha...why you always fast hands fast legs than me?

[behappyalways]

I will do a dissection of sing hldgs 3q balance sheet later

[Jordankbl]

Chinese New Year is an occasion to celebrate with our families and friends - to catch up with those are dear to us, especially loved ones who we have not seen for a long time, at reunion dinners and home visits over an abundance of good food and delicacies aplenty. This is also a time when we reflect on the year that has passed and be thankful too for the many blessings amongst us.


The Year of the Wooden horse is said to bring peace, health, and happiness ... ... Here's wishing Behappyalways san, Ngcheeki san and All a Blessed Lunar New Year ahead!


我恭祝大家2014 马年行大运、发大财、身体健康、万事胜意!