Sing Holdings

Stevens mrt to be completed in 2014? I thought it is 2nd part of downtown line and only to be completed in 2015

(13-03-2013, 10:03 AM)Behappyalways Wrote: Stevens mrt to be completed in 2014? I thought it is 2nd part of downtown line and only to be completed in 2015

Yea thats what I thought also, but the indication given was 2014 and after the release of the 2013 Master Plan subject to market conditions of course.

Anyway, Robin Suites sold 25 units last mth at average prices of 2500psf but they are all small shoebox units.

Net Profit margins for Sing Holdings can be expected to be around 20-30% for this project.

(13-03-2013, 11:03 AM)propertyinvestor Wrote:

(13-03-2013, 10:03 AM)Behappyalways Wrote: Stevens mrt to be completed in 2014? I thought it is 2nd part of downtown line and only to be completed in 2015

Yea thats what I thought also, but the indication given was 2014 and after the release of the 2013 Master Plan subject to market conditions of course.

Anyway, Robin Suites sold 25 units last mth at average prices of 2500psf but they are all small shoebox units.

Net Profit margins for Sing Holdings can be expected to be around 20-30% for this project.

this is surprising. With the 7th cooling measure, i thought people will wait and see, didnt expect demand to return so soon

What is the opportunity cost of holding Robin site? What about the risk level? Does it forbid the company from looking at other good sites? Would it be better if the company had sold the project and then bought and 'flip' another site......Seems to me that the company now has to increase the plot ratio to justify the opportunity cost.......

on the draft Master Plan....need time to gather feedback for WRC.....

With your feedback and consultation with stakeholders, the plans for Woodlands Regional Centre will be fine-tuned and subsequently exhibited with the draft Master Plan later this year

http://www.ura.gov.sg/pr/text/2013/pr13-11a.html

(05-03-2013, 01:10 PM)ngcheeki Wrote: I'm still waiting for the URA Master plan which has not been out yet!!

(15-03-2013, 07:28 PM)Behappyalways Wrote: What is the opportunity cost of holding Robin site? What about the risk level? Does it forbid the company from looking at other good sites? Would it be better if the company had sold the project and then bought and 'flip' another site......Seems to me that the company now has to increase the plot ratio to justify the opportunity cost.......

on the draft Master Plan....need time to gather feedback for WRC.....

With your feedback and consultation with stakeholders, the plans for Woodlands Regional Centre will be fine-tuned and subsequently exhibited with the draft Master Plan later this year

http://www.ura.gov.sg/pr/text/2013/pr13-11a.html

(05-03-2013, 01:10 PM)ngcheeki Wrote: I'm still waiting for the URA Master plan which has not been out yet!!

Bro happy,
Master plan 2013out liao, is it?

Nope not yet

Per today's (20Mar13) announcement, the 'XD' date and payment date for the declared total $0.016/share in Final + Special dividends have been fixed for 17Apr13 and 3May13, respectively.....
http://info.sgx.com/webcoranncatth.nsf/V...400355C02/$file/Dividends_FY2012.pdf?openelement

AGM venue has changed to 96 Robinson Road #10-01 SIF Building. No more XO Carrot cake?

http://info.sgx.com/webcoranncatth.nsf/V...500270D25/$file/SHLAGMNotice.pdf?openelement

No wonder propertyinvestor sold out ^^

Annual Report 2012

FY 2012 Cash and Cash Equivalents - $57,867m (Project Account - $44,992m)

FY2011 Cash And Cash Equivalents - $77,569m (Project Account - $45,910m)

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Robin Road Site - Freehold - Proposed 5 blocks of 5-storey condominium housing development with full condominium facilities

Punggol Field Site - 99 year leasehold - Proposed 6 blocks of 17-storey executive condominium with full condominium facilities

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As of 1 March 2013 - 2,572 shareholders

As of 9 March 2012 - 3,020 shareholders

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