Update: Parc Botannia Jan 2018
Cumulative Units Sold to-date: 302
Median Price ($psf) in the Month: 1265
Units sold in the month: 43
Cumulative Units Launched but Unsold: 55
Total Number of Units: 735
behappyalways wrote:(on hindsight, the hotel is not a good investment)
From FY2017 result.....
The Group’s segmented results are disclosed in paragraph 15. Acquired in January 2017 at S$117.9 million (equivalent of A$112.9 million) including stamp duty of S$6.1 million, the hotel in Australia was classified as investment property. It generated revenue of S$6.9 million in FY2017 and contributed profit after tax of S$131,000 to the Group. The investment property was valued at S$114.9 million (equivalent of A$110.0 million) at year-end, resulting in net loss on fair value adjustment of S$3.0 million.
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