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Garden Park Residences: 3 more to FS (3 sold in August / July 14')
Pavilion Square: 1 more to FS (1 sold in August 14')
Mayfair Residences: 6 more to FS (2 sold in July 14')
*FS = Fully sold
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Strengthen expansion, This List 6 Pollux Properties Project in Indonesia
September 2, 2014
Pollux Properties is a property developer based in Singapore, but also famous with its expansion in a number of Southeast Asian countries. Pollux are now further strengthen its presence in the country by developing six projects at once.
Each project in question is like apartments Marques de Lafayette, WR Simpang Lima, The Pinnacle, offices World Capital Tower, a mixed-use project and the integrated resorts Amarsvati Lombok.
These six projects each spread to several major cities in Indonesia such as Jakarta, Semarang, Lombok Cikarang up. In addition to the cities that have been mentioned previously.
Pollux also plans to expand in other cities in Indonesia such as Balikpapan, Surabaya and Bandung.
In the area of the project will be initiated Balikpapan start 2015 and will be completed in 2018 funds amounting to
Rp 2 trillion had been budgeted to fund investment projects comprising multifunctional apartments, shops and the shopping center.
Kenny Seraphine as Chief Operating Officer of Pollux Properties also revealed their plans this year and also in the future.
"These projects are going well. Until now, the third special project in Semarang, recorded 90 percent sales rate. While the World Capital Tower office building is being marketed for the strata, "said Kenny as quoted from page Reuters, Tuesday (2/9).
Previously, the results of the project are well known Pollux is like Paragon City Mall shopping center and the Hotel Crowne Plaza.
Someone sold 100 in one go - last 7.2c.
I bought 50 lots @7.3c today.
YTD 150 lots @ av 7.633c
But can't see the counter-party on Standard Chartered Bk online trading.
(27-08-2014, 11:23 AM)BestPrice Wrote: [ -> ]Just to add, for example now there is a buyer queue to buy 85 lots at $0.072, if some other buyer now queue to buy 50 lots at $0.078, what will happen if there is a "unfriendly" seller? He will sell 50 lots at $0.078 and then say "hi" to the buyer at $0.072 and sell him 1 lot.
I am trying to say, it is "dangerous" to queue at "unrealistic" low price if there is buyers offering at realistic price.
(27-08-2014, 11:13 AM)BestPrice Wrote: [ -> ]Yup! I totally agreed with you, Queue at a more "reasonable price"; otherwise, you get 1 lot done only. And my reasonable price is anything above $0.076. I believe if you starting queue at $0.078 to $0.08, you should get it within a week or so.
(27-08-2014, 10:53 AM)kelvesy Wrote: [ -> ]When we talk about sustainable purchases, I usually will just leave my buying queue there. Say, 200 lots at $0.076. More or less, it gets filled ENTIRELY. I find this method best.
I don't try to put at $0.071. Sellers will sell one lot and my brokerage charges is not fully optimized. Imagine one lot, $71 and brokerage fees $26? Somehow, the seller is forcing us to bid a higher price while doing this.
That was me experimenting. I noticed that for illiquid shares that the supply & demand is usually also very weak, ie a few lots with big gap between bid & ask. Many times, I just cave in to the supply at ask in order not to pay extra brokerage. This time, I entered a relatively "big" buy order & see if sellers will bite. I estimated that I will still be better off (in spite of higher brokerage) if I enter at a sufficiently low price, in this case 7.2c.
With today's purchase, I will conclude the experiment. The results have validated my premise & estimate (or maybe it's just good fortune that there is an ongoing small caps sell off).
Here are my transactions:
Original order - 85 lots, running order to terminate Sep5.
1st purchase - 1 lot
2nd - 23 lots
3rd - 5 lots
4th - 47 lots
Total - 76 lots, average stock price of 7.3c ($20 average brokerage fee per transaction using CitiBank Brokerage)
I will try next time with Standard Chartered Brokerage which offers no min brokerage fee (application ongoing). Theoretically, I should fare better, but likely more work to key in order every day as I don't think they offer running order until a given expiry date.
Hope this helps everyone with their trading.....
