ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S.

property is at the tipping point but Sing Holdings should be ok....Waterwoods and Skypark Residences would be the last two ECs before the Jan curbs takes effect which meant the next EC launch after these two might be in 2H2014.....so there might be a 'rush' in demand for these two upcoming ECs.......

They should sell above $800psf as Sea Horizon is selling above $800psf now.....higher than the $750psf forecast by analyst for Waterwoods.....

Those johnny comes lately developers might take a hit if their properties cannot sell well...

Honestly I hope that Lee will distribute some cash to shareholders as The Laurels' TOP....

Good afternoon Behappyalways san and Every1

<Mgmt already rewarded themselves>>Administrative expenses increased in 2Q2013 due to an accrual for bonus based on the Group’s results for 1H2013.<

I also hope Boss Lee will distribute some special dividend to reward shareholders.

Good morning every1.

Drove past The Laurels yesterday nite. TOP should be anytime this month.

"今天是八月十五我祝大家中秋节快乐!!!!"

Press release on the launch of Waterwoods

 Waterwoods, the First EC with Private Lift Lobbies and Maisonettes
 High-end property developer Sing Holdings Limited debuts EC featuring maisonettes and fully-equipped kitchens
 E-Applications will open on 27 September 2013
Singapore, 19 September 2013 – Sing Holdings Limited, a developer of high-end property, together with UE E&C Ltd., an executive condominium (EC) developer and builder1, today announced luxury riverside EC Waterwoods will open for E-Applications on Friday, 27 September 2013.

“With our track record in developing high-end homes, we hope to bring a touch of luxury to Waterwoods. We believe that EC buyers today are increasingly affluent and sophisticated, and as such, we are introducing a new class of EC homes that marries luxury home features with EC prices. For this, we are working with the same cast of architects and interior designers for our high-end projects to conceive and design Waterwoods,” said Mr Lee Sze Hao, Chief Executive Officer of Sing Holdings Limited.

Waterwoods will be the first EC to feature private lift lobbies for 48 units of 5-bedroom units and maisonettes. Waterwoods will also be the first to introduce maisonettes with double-volume ceiling space for living and dining rooms to the EC segment. All units will have occupation-ready kitchens equipped with a refrigerator and washer. With a total of 373 units, Waterwoods offers a wide range of unit types, including 2, 3, 4 and 5-bedroom units and also penthouse and maisonette configurations.

With a riverside location at Punggol Field Walk/Punggol East, residents will get to enjoy panoramic views of the adjacent Serangoon River and be in close proximity to other well-known nature spots. These include Punggol Promenade, Waterway@Punggol and Coney Island where residents can engage in a wide variety of recreational activities such as kayaking, fishing, bird watching, cycling, trekking and wakeboarding for an active outdoor lifestyle.
Waterwoods is also within close proximity to modern amenities and transportation nodes. It is a 5-minute walk to Coral Edge LRT Station, which is 3 LRT stations to Punggol MRT Station and Punggol Bus Interchange. The Tampines Expressway and the Kallang-Paya Lebar Expressway are also within minutes’ drive, and residents can reach the Central Business District and Marina Bay area in about 20 minutes’ drive. Shopping malls such as Punggol Plaza, Rivervale Mall, Compass Point and the upcoming Waterway Point are in the immediate periphery; and schools such as Mee Toh School, Greendale Primary, Horizon Primary and Edgefield Primary are within 1 km distance.


http://infopub.sgx.com/FileOpen/PressRel...eID=256967

Thx ^^

The Group’s ongoing projects comprise Robin Residences, a condominium project at Robin Drive/Robin Road..........

(19-09-2013, 07:04 PM)ngcheeki Wrote: [ -> ]Press release on the launch of Waterwoods

 Waterwoods, the First EC with Private Lift Lobbies and Maisonettes
 High-end property developer Sing Holdings Limited debuts EC featuring maisonettes and fully-equipped kitchens
 E-Applications will open on 27 September 2013
Singapore, 19 September 2013 – Sing Holdings Limited, a developer of high-end property, together with UE E&C Ltd., an executive condominium (EC) developer and builder1, today announced luxury riverside EC Waterwoods will open for E-Applications on Friday, 27 September 2013.

“With our track record in developing high-end homes, we hope to bring a touch of luxury to Waterwoods. We believe that EC buyers today are increasingly affluent and sophisticated, and as such, we are introducing a new class of EC homes that marries luxury home features with EC prices. For this, we are working with the same cast of architects and interior designers for our high-end projects to conceive and design Waterwoods,” said Mr Lee Sze Hao, Chief Executive Officer of Sing Holdings Limited.

Waterwoods will be the first EC to feature private lift lobbies for 48 units of 5-bedroom units and maisonettes. Waterwoods will also be the first to introduce maisonettes with double-volume ceiling space for living and dining rooms to the EC segment. All units will have occupation-ready kitchens equipped with a refrigerator and washer. With a total of 373 units, Waterwoods offers a wide range of unit types, including 2, 3, 4 and 5-bedroom units and also penthouse and maisonette configurations.

With a riverside location at Punggol Field Walk/Punggol East, residents will get to enjoy panoramic views of the adjacent Serangoon River and be in close proximity to other well-known nature spots. These include Punggol Promenade, Waterway@Punggol and Coney Island where residents can engage in a wide variety of recreational activities such as kayaking, fishing, bird watching, cycling, trekking and wakeboarding for an active outdoor lifestyle.
Waterwoods is also within close proximity to modern amenities and transportation nodes. It is a 5-minute walk to Coral Edge LRT Station, which is 3 LRT stations to Punggol MRT Station and Punggol Bus Interchange. The Tampines Expressway and the Kallang-Paya Lebar Expressway are also within minutes’ drive, and residents can reach the Central Business District and Marina Bay area in about 20 minutes’ drive. Shopping malls such as Punggol Plaza, Rivervale Mall, Compass Point and the upcoming Waterway Point are in the immediate periphery; and schools such as Mee Toh School, Greendale Primary, Horizon Primary and Edgefield Primary are within 1 km distance.


http://infopub.sgx.com/FileOpen/PressRel...eID=256967

Upcoming Waterwoods EC to offer private lifts
http://www.channelnewsasia.com/news/vide...19650.html

Good evening Behappyalways san, Ngcheeki san and every1

The Laurels TOP obtained.

http://www.propertyguru.com.sg/listing/1...nhill-road

TOP meant 25% of the contracted sales of The Laurels($700m++) which amount to $175m to be collected ^^


http://www.ura.gov.sg/lad/HBG/progressPayments.htm

(21-09-2013, 09:59 PM)kbl Wrote: [ -> ]Good evening Behappyalways san, Ngcheeki san and every1

The Laurels TOP obtained.

http://www.propertyguru.com.sg/listing/1...nhill-road

2Q Annoucement says only 4% will be recognised upon TOP...

As at the date of this announcement, approximately 98% of the units in The Laurels project have been sold, amounting to contracted sales value of about S$700.0 million. Of this, approximately 96% had been recognised as revenue. The Group targets to obtain TOP for this development by 3Q2013, upon which, the remaining 4% of the contracted sales will be recognised. As such, the Group expects a lower profit for the next quarter.

Revenue recognition and collection are different......

If you look at 2Q2013 report you will notice that it has $664m worth of development properties but the company has only 2 plots of land(punggol EC($170m) and Robin($176m)) worth about $350m and yet to be launched. So where does the remaining $310m($664m-$350m)(yes they will be collecting $310m....^^) comes from? From the yet to be collected but already recognised revenue of The Laurels.....

Another example is EC. On Page 11, company reminds that revenue from sale of units in the Punggol project will not be recognised until upon issuance of the Notice of Vacant Possession after the TOP is obtained. Yes revenue will be a one lump sum instead of % of completion for EC.

(23-09-2013, 12:08 AM)kyle Wrote: [ -> ]2Q Annoucement says only 4% will be recognised upon TOP...

As at the date of this announcement, approximately 98% of the units in The Laurels project have been sold, amounting to contracted sales value of about S$700.0 million. Of this, approximately 96% had been recognised as revenue. The Group targets to obtain TOP for this development by 3Q2013, upon which, the remaining 4% of the contracted sales will be recognised. As such, the Group expects a lower profit for the next quarter.