(05-11-2013, 12:26 PM)smallcaps Wrote: [ -> ] (05-11-2013, 12:20 PM)kbl Wrote: [ -> ]Good noon Smallcaps san.
https://www.ura.gov.sg/realEstateIIWeb/p...rch.action
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(05-11-2013, 12:14 PM)smallcaps Wrote: [ -> ]Ok, some strangeness after I took a look at grove residences developer sales for 2013 Sep, in which there was already 3 units sold so far and the 1 unit that sold in sep was for average of $2,505psf. This does not match with the $2,511 psf in the 10 oct caveat...
Good noon. Ya loh that's the one... seems it might be a different one from the 10 oct caveat.
from 1H annc this morning.
More cash.
"Cash as at 30 September 2013 is $69.0 million, an increase of $45.6 million as compared to cash of $23.4
million as at 31 March 2013. During the financial period, cash proceeds from the disposal of investment
properties and financial assets, available-for-sale, amounting to $26.1 million and $20.8 million respectively.
This was offset by purchases of financial assets, available-for-sale, amounting to $4.8 million. "
Total sold 4 semi-D to date.
"This is partially offset by an increase in capitalised development costs arising from the
development of six residential units of semi-detached houses at 81 and 83 Grove Drive, Singapore, which is
currently in progress. The revenue recognised comprises of two units where options to purchase (“OTP”)
have been exercised as at 30 September 2013.
Subsequent to the financial period, the Group has sold one
unit and signed OTP for another unit, giving rise to only two unsold units to-date."
Update on Hoy Fatt lawsuit.
"In addition, further to an announcement released bythe Company on 2 July 2013, Hoy Fatt Pte. Ltd. (“Hoy
Fatt”) had commenced legal proceedings against the buyer (the “Buyer”)of a 6 storey building at 12 Hoy
Fatt Road, Singapore 159506 (the “Property”) for
specific performance of the option to purchase (the
“Option”) by the Buyer for completion of the sale and purchase of the Property. Concurrently, the Buyer
had commenced legal proceedings against Hoy Fatt for the refund of all monies paid under the Option,
including but not limited to the deposit of S$2,700,000 and S$189,000 paid."
Put 4.8m into quoted secs. I guess it is REITs to get some div income.
"Financial assets, available-for-sale, presented both in current assets and non-current assets have decreased
by $16.1 million from $20.7 million as at 31 March 2013 to $4.6 million as at 30 September 2013.
This is in
line with the disposal of Schroders Asian Asset Income Fund (USD) and Fullerton SGD Income Fund with
proceeds totalling $20.8 million; and the disposals are partially offset by acquisitions of quoted securities
amounting to $4.8 million as mentioned above."
Book value of properties still ridiculously low.
E.g. Evelyn condo - $804k. that price dont know can even buy a exec HDB apt or not...haha
Refer to Pg 6 below.
http://infopub.sgx.com/FileOpen/EHL-Ann-...eID=263996