Sing Holdings

[behappyalways]

Update: Robin Residences: Aug 2016
Cumulative Units Sold to-date: 95
Median Price ($psf) in the Month: -
Units sold in the month: -
Cumulative Units Launched but Unsold: 5
Total Number of Units: 134


Update: Waterwoods EC Aug 2016
Cumulative Units Sold to-date: 367
Median Price ($psf) in the Month: 787
Units sold in the month: 1
Cumulative Units Launched but Unsold: 6
Total Number of Units: 373

As of 9 Sept 2016, 370 units of Waterwoods are sold. Remaining 3 units

[behappyalways]

Tender closing for residential site at Fernvale Road
https://www.ura.gov.sg/uol/media-room/n ... ep/pr16-59

http://infopub.sgx.com/FileOpen/Announc ... eID=422708

[behappyalways]

Asset Acquisitions and Disposals::Acquisition of Travelodge Docklands in Melbourne, Australia
http://infopub.sgx.com/FileOpen/Travelo ... eID=425118

Update: Robin Residences: Sept 2016
Cumulative Units Sold to-date: 95
Median Price ($psf) in the Month: 2372
Units sold in the month: 1
Cumulative Units Launched but Unsold: 5
Total Number of Units: 134


Update: Waterwoods EC Aug 2016
Cumulative Units Sold to-date: 367
Median Price ($psf) in the Month: 787
Units sold in the month: 1
Cumulative Units Launched but Unsold: 6
Total Number of Units: 373

[behappyalways]

Small- and mid-cap property stocks poised for breakouts
http://www.theedgemarkets.com.sg/articl ... -breakouts

[behappyalways]

Sing Holdings disposes 100% stake in Robin Residences
http://www.theedgemarkets.com.sg/articl ... residences

[behappyalways]

Travelodge Docklands - 6.12% (based on FY2016 EBITDA)
http://infopub.sgx.com/FileOpen/AGM%202 ... eID=450155

[behappyalways]

sing-holdings-posts-43-rise-2q-earnings-29-mil
https://www.theedgesingapore.com/sing-h ... ngs-29-mil

[behappyalways]

The showflat viewing for the project named Parc Botanica is in Oct 2017 while the preview launch, November 2017.


SING HOLDINGS: Catalyst from impending launch of Fernvale condo
https://nextinsight.net/story-archive-m ... vale-condo

fernvale-project-drive-sing-holdings-property-sentiment-improves
https://www.theedgesingapore.com/fernva ... t-improves

[behappyalways]

sing-holdings-sinks-red-posts-3q-losses-11-mil-disposal-subsidiary
https://www.theedgesingapore.com/sing-h ... subsidiary


Parc Botannia
http://infopub.sgx.com/FileOpen/Parc%20 ... eID=478030

[behappyalways]

Value trap or market imperfection????

The land cost of Parc Botannia project is $515.3psf ( $287.1m / 557150sqf)

http://infopub.sgx.com/FileOpen/Announc ... eID=422708

Their 30% JV Wee Hur should be able to bring down the construction cost. Let's assume the construction and miscellaneous cost to be $365psf, then the breakeven cost for the project would be $880psf.

Assuming selling price of $1280psf and totally sold by TOP, profit of $400psf

http://www.straitstimes.com/business/pr ... days-begin

Total Gross Profit of $222.86m ($400psf x 557150sqf)

Assuming total 30% off Gross Profit due to tax, interest cost and other miscellaneous cost, Net Profit of $156m (70% x $222.86m)

Sing Holdings' share of profit from the joint venture(70%) is $109m (70% x 156m)

That is about 27 cents per share out of 400m shares.