(30-05-2012, 12:08 PM)old friend Wrote: [ -> ]in fact, i hope Singhdgs do not bid for fresh land in the next 12 months as earnings from Robin Drive can last them till 2016 if they launch it in March 2013. I got a feeling they can get land 20% or 30% cheaper near end 2013 if Euro crisis start to burst out full force with Spain being kick out from Euro or Spanish banks re-capitalised further. Hope SingHdgs can be more patient in bidding for fresh land.
Just my personal opinion only.
well i had a similar opinion too. In fact, i was damn happy they lost the bid... call me kiasu, kiasee but i think it is better to be conservative and not overstretch the balance sheet
(04-06-2012, 10:56 PM)money Wrote: [ -> ] (30-05-2012, 12:08 PM)old friend Wrote: [ -> ]in fact, i hope Singhdgs do not bid for fresh land in the next 12 months as earnings from Robin Drive can last them till 2016 if they launch it in March 2013. I got a feeling they can get land 20% or 30% cheaper near end 2013 if Euro crisis start to burst out full force with Spain being kick out from Euro or Spanish banks re-capitalised further. Hope SingHdgs can be more patient in bidding for fresh land.
Just my personal opinion only.
well i had a similar opinion too. In fact, i was damn happy they lost the bid... call me kiasu, kiasee but i think it is better to be conservative and not overstretch the balance sheet
How is the balance sheet over stretched?
I hope less than 1000shareholders remain by the end of the year
Okie, Robin site probably will be launch next year January around Chinese New Year period soft launch could be as early as December this year ^^
(13-06-2012, 10:27 AM)propertyinvestor Wrote: [ -> ]Okie, Robin site probably will be launch next year January around Chinese New Year period soft launch could be as early as December this year ^^
Not likely as the plot ratio issue won't be settled until 1st qtr next year as per govt gazette.most likely 2nd qtr next year to maximise plot ratio.
(13-06-2012, 10:31 AM)Jacmar Wrote: [ -> ] (13-06-2012, 10:27 AM)propertyinvestor Wrote: [ -> ]Okie, Robin site probably will be launch next year January around Chinese New Year period soft launch could be as early as December this year ^^
Not likely as the plot ratio issue won't be settled until 1st qtr next year as per govt gazette.most likely 2nd qtr next year to maximise plot ratio.
Hmm, think its probably better to go tender for state land than to pay the DC for the improved plot ratio on the site.
The bonus Plot ratio is a selling point when they launch the new development to prospective buyers who can buy now and enbloc later after 30 years
i hope they launch Robin site by Aug this year above $2100psf. Just in case the stock market crash in Feb next year. By then no chance to launch Robin site above $2,100psf. At worst, may have to launch Robin site below $2,000psf next year.
(13-06-2012, 03:24 PM)old friend Wrote: [ -> ]i hope they launch Robin site by Aug this year above $2100psf. Just in case the stock market crash in Feb next year. By then no chance to launch Robin site above $2,100psf. At worst, may have to launch Robin site below $2,000psf next year.
Wrong price. They are probably going to launch minimum 2300psf. Doesnt make sense to launch lower than that if the PR bonus is going to enhance the value of their land.
Everyday, Boss Lee is waiting for people to dump the shares to him!