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Good morning Behappyalways san and Everyone.

Hopefully Waterwoods EC can get good response too.
from d *horse mouth*-The Laurels-Balance 3 units-TOP next month
If you look at Sing Holdings' 1Q2013 devt properties, it is valued at $664m of which around $360m are due to Robin plot of land and EC in Punggol. This meant that the company stands to collect at least $300m ($664m -$360m) when The Laurels' TOP this year. (Take note that The Laurels is a joint venture which Sing Holdings owned 70%)

Then you have a Punggol EC project WaterWoods (The EC is next to Flo Residence condo which sold its last 4 units(out of 530) in June 2013 at an average price of $918psf) which they will launch in 3Q2013 which most probably will sell well.

Add to that you have Robin plot of land which the management is holding because they are betting that there will be a revision in plot ratio when the URA announced its 2013 master plan. The cost of the plot of land is $176m which coincidentally is the market value of Sing Holdings as of today.

And their office units is valued at $530psf while the company has been able to sell them at $850psf......
Report from Amfraser today.

SING HOLDINGS: STARS ALIGN FOR UPCOMING EC LAUNCH
Sing Holdings is slated to launch Waterwoods EC (Punggol) in Sep
2013. We have strong reasons to believe that it will be successful.
Buoyant EC market con..nues to enjoy strong supply]demand
dynamics. The EC market has con..nued to be a buoyant one, with
two new recent EC launches registering strong interest from
applicants. According to news reports, Ecopolitan, a 512]unit EC
development located at Punggol Way/Punggol Walk, was 2 ..mes
oversubscribed at the close of applica..on date 7 July 2013. On the
other hand, Lush Acres, a 380]unit EC project located at Sengkang
West Way/Fernvale Link, was 1.6 ..mes oversubscribed since its
launch on 13 July 2013. The indica..ve price ranges for both projects
are S$750 to S$800psf.
Poten..al shortage in launches in the near]term, due to the new 15]
month rule. In Round 7 of the cooling measures, MAS mandated that
EC sites can only be launched for sale 15 months from the date of
award or a..er comple..on of founda..on works, whichever is earlier.
Based on feedback from developers, founda..on works typically take
9 months to complete. This means that there could poten..ally be a
short period of vacuum of EC launches, depending on the ..ming of
launches of the remaining EC sites that have been tendered out. At
the moment, there are 5 sites have yet to be launched for sales, of
which Sing Holdingsf Waterwoods site is the only one situated at
Punggol.
Buy ahead of the successful launch.fair value of S$0.56. Our
current RNAV es..mates stand at S$0.93, and we value Sing Holdings
at 40% discount to RNAV, deriving a fair value of S$0.56. Sing
Holdingsf current share price of S$0.47 presents a 19% capital
apprecia..on poten..al. Reiterate BUY.

https://www.amfraser.com.sg/gcsg/downloa...130723.pdf
OMG.......you are .......

http://www.youtube.com/watch?v=8JPILU3zqes


(26-07-2013, 01:58 PM)kbl Wrote: [ -> ]http://www.youtube.com/watch?v=_5WPpIRJxX8
Good Noon Behappyalways san.

LOL....I am just a toilet cleaner.Blush
(26-07-2013, 03:39 PM)Behappyalways Wrote: [ -> ]OMG.......you are .......

http://www.youtube.com/watch?v=8JPILU3zqes


(26-07-2013, 01:58 PM)kbl Wrote: [ -> ]http://www.youtube.com/watch?v=_5WPpIRJxX8
Why ECs could see surge in demand soon: SLP
http://www.stproperty.sg/articles-proper...p/a/129911
EC land price going up......


Provisional Tender Results for 3 Executive Condominium Housing Development Sites
http://www.hdb.gov.sg/fi10/fi10296p.nsf/...enDocument
Sold another 2 units of BizTech Centre with around 820 psf. I thought they said they're going to hold the units for recurring income Smile Smile.

https://www.squarefoot.com.sg/latest-tra...industrial

2013-07-11 BIZTECH CENTRE 627A ALJUNIED ROAD #XX-XX 14 FREEHOLD FACTORY 1,163 955,000 821
2013-07-10 BIZTECH CENTRE 627A ALJUNIED ROAD #XX-XX 14 FREEHOLD FACTORY 1,173 958,000 817