As of today
The Palacio is 70% sold
The Boutiq is 80% sold
Sky Green is 91% sold
Both Boutiq and Sky Green will contribute approximately 40M in net profits for Heeton over the next 3 years.
Seems like there may be a re think of the new redevelopment launch of elcentro. Seems like Heeton may built medical suites and SOHO style apartments on it
Retail units at Sun Plaza is carried on their books at a conservative 1680psf or 125million for their 50% share. If the units are resold strata titled, they could fetch as high as 4000psf for the ground floor units and 3000psf for the higher floor units. Such a sale could add around 66c/ share in NAV to bring it up to $1.75/share
With the condition of Sun Plaza, I do not think that this is a wild idea. Certainly an avenue worth exploring.
(14-02-2013, 10:26 AM)propertyinvestor Wrote: [ -> ]Retail units at Sun Plaza is carried on their books at a conservative 1680psf or 125million for their 50% share. If the units are resold strata titled, they could fetch as high as 4000psf for the ground floor units and 3000psf for the higher floor units. Such a sale could add around 66c/ share in NAV to bring it up to $1.75/share
(14-02-2013, 01:02 PM)greengiraffe Wrote: [ -> ]With the condition of Sun Plaza, I do not think that this is a wild idea. Certainly an avenue worth exploring.
(14-02-2013, 10:26 AM)propertyinvestor Wrote: [ -> ]Retail units at Sun Plaza is carried on their books at a conservative 1680psf or 125million for their 50% share. If the units are resold strata titled, they could fetch as high as 4000psf for the ground floor units and 3000psf for the higher floor units. Such a sale could add around 66c/ share in NAV to bring it up to $1.75/share
The demand for commercial units is certainly very strong. NO ABSD, SSD and capital gains tax makes it an attractive class of asset for property hungry investors!
(14-02-2013, 12:54 PM)Behappyalways Wrote: [ -> ]better runnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn
http://news.omy.sg/News/Local-News/Pai-D...uan-136696
^^
Free publicity of the mall lah.
Looking at its RNAV or NAV, indeed, the safety of margin is high. There is a huge disconnect between the prices of properties and property stocks.
With low interest rates expected to remain, a more stablised economy forward, and resident population growth, I believe property stocks have room to grow. I think what's stopping the prices from rising could be the possiblity of future cooling measures by the government. Property stocks did badly today.
(08-03-2013, 06:15 PM)kelvesy Wrote: [ -> ]Looking at its RNAV or NAV, indeed, the safety of margin is high. There is a huge disconnect between the prices of properties and property stocks.
With low interest rates expected to remain, a more stablised economy forward, and resident population growth, I believe property stocks have room to grow. I think what's stopping the prices from rising could be the possiblity of future cooling measures by the government. Property stocks did badly today.
These cooling measures are not cooling propetry prices but property stock prices which is extremely absurd because buying and selling property stocks does not attract any ABSD OR SSD.