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(25-12-2014, 11:34 AM)edwin Wrote: when smrt link up with msia mrt...a lots of foreign talent will choose to stay in msia...think.per bed around.rmb $100....cost of living.also cheap......
Actually what Edwin said makes a lot of sense: building dorms in Singapore has a lot of sociopolitical issue. Having them across the causeway will fit Singapore's interest.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
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25-12-2014, 06:41 PM
(This post was last modified: 25-12-2014, 07:02 PM by CY09.)
This is where economics come in: If the rental cost per bed in JB + Logistical cost of shuttling your workers+ 1-2 more hrs lost in getting to and fro the worksite to JB instead of a dorm in Sg outweighs the cost of renting a bed in a dorm in Singapore, then yes JB is the answer. But considering it is only abt $280 per bed and that 1-2 hrs is lost to shuttle them (abt $10-20/weekday), think businesses will prefer renting a dorm here.
<not vested>
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Do many forum see a lot of good things in this capital intensive business - partly because the company management chooses to grow it in a rather hurry, and is prepared to pay top prices even for sub-prime land for development of foreign worker dormitories - which has also taken up an increasing amount of debts?
One thing is quite certain, Centurion will need more capital to undertake those big greenfield dormitory projects. So watch out for new capital raising by way of either rights issues or share placements!
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Are these dorms mainly for construction workers?
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I like the press release statement :
"We are exploring the feasibility of injecting certain workers accommodation assets into a REIT to unlock value for shareholders as well as to free up capital for strategic acquisition opportunities.”
Especially the "to unlock value for shareholders". I hope there will be special dividend if this goes through.
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17-01-2015, 10:07 AM
(This post was last modified: 17-01-2015, 10:21 AM by brattzz.)
(16-01-2015, 06:02 PM)ahyu02 Wrote: http://infopub.sgx.com/FileOpen/Centurio...eID=331664
I didn't expect this move. A possible REIT listing on worker accommodation assets!
why not?!
This is just a variance of property play in singapore, abeit "Industrial-Residential Property" segment!
Don't forget LianBeng & Sam Goi are in this co.
Pump up IPO, make $$, sell W-REITS! make $$! let others hold the biz risk!
even the Sengkang West - columbarium, pte co. run can/will go for COL-REITS!
Once they gather enough cashflow for the biz plan by selling the vases places at premium prices!!
Anyone for "COL-REITS"?
Not much value for singapore actually, just another property play! "Industrial-Logistic Warehouse" segment!
Come-on NTUC! setup your own columbariums! members prices and can use Pioneer Gen cards!
near mrt stations @ joo koon, sembawang, sengkang, chinatown, east coast!, all bases covered!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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These days you can (literally) REIT almost anything under the sun.
Please excuse my sarcasm......
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