Pollux Properties

[Volmax]

Sales of The Pinnacle Apartment and Condotel Reaches 90%

http://translate.googleusercontent.com/t...dmKjDkhsZg

[Volmax]

The Pinnacle - Development Updates!

http://translate.googleusercontent.com/t...fDVusXxbEw

http://translate.googleusercontent.com/t...nRNasI-3XQ

[yawnyawn]

As of Sep 2013

Mayfair Residences - 3/20 units sold. No units sold in Sep

Garden Park Residences - 11/36 units sold. No units sold in Sep

[kelvesy]

Seems like the sales are a bit slow right now. For Pollux to bloom, like all property plays, it may require a sustainable amount of patience for profits to be recognised.

Sure that Pollux is shifting its gear and the Indonesian side business is turning into a sweet spot. After looking the financials, it is undervalued but not too sure about the upside as property market in Singapore is targeted to move south. When will RTO take place, or will it take place at all? That is the question on my mind. Koh Wee Meng does add a bit of confidence, though.

[revelationofpyramids]

I am not sure about the RTO becos I thought I heard Nico Po saying that the family won't mix the Singapore and Indon biz.

But Pollux still has the big profit coming from Pavillion Square where maybe as much as $30m profit is not booked.

Prop mkt in Sg has definitely slowed down a lot so there is worry that some developers will be stuck with unsold units. Pollux's unsold projects are not very big and it has Pavillion Square profit to support it so co won't be in deep Sh**.
[/align]
it's also clever in changing Ganges Centre project to service apt to collect rental.

[Volmax]

Next to launch.

http://bvs.co.id/contact/#/?about&_suid=...9407942401

Half year results in early November, expect hefty proceeds from the sales of Pavillion Square and recent launched projects to be progressively recognized.

Havelock Serviced Apartments to be launched by December.

As for the RTO, the writing is on the wall. Caveat emptor.

[Volmax]

Breaking News! Pollux Properties Indonesia just updated their website.

http://pollux.co.id/#&panel1-2

New projects added;

1) The Kensington - Mall & Retail
2) Hotel Louis - Gang Tengah, Bawen and Siliwangi
3) Manzoni Hotel - Ahmad Yani, Pandanaran, Pemuda and Fashion District.
4) Exchange Sqaure - Apartments
5) Kensington Gardens - Apartments
6) Pollux Tower Semarang - Office
7) Asia Financial Centre - Office
8) World Olympic City - Township

Pollux Properties will need to raise a billion dollars for all these additional projects. RTO is definitely on the card.

Shareholders are advised to exercise caution in trading their Shares.

[kelvesy]

Don't read too much into today's share price increment. The volume is thinly traded.

But I am eagerly anticipating the half year results, poised to be released next Friday.

[Volmax]

The Pinnacle Apartment & Condotel - Ground Breaking

http://pinnaclesemarang.com/#ground-brea...-pinnacle/


World Capital Tower - Ground Breaking

http://0357188.netsolhost.com/htdocs/wct...tal-tower/

Looking forward to a fabulous first half earning results.

[Volmax]

World Capital Tower - Some backdated photos!

http://translate.google.com.sg/translate...bih%3D​505