KSH Holdings

[weii]

"The 30-storey Prudential Tower appears to be the best-selling strata office project on the market. The KOP Limited-led consortium, which bought 19½ floors from Keppel Reit last year, has about seven floors left to sell."

http://www.straitstimes.com/business/pro...tial-tower

Is there any way to verify that 12.5 out of 19.5 floors are sold, and what price it was transacted at? If it is true this is great news - the prices I can get from URA or through online articles are from $2750-3000 psf, which compares nicely against $2316 psf purchase price. It is a significant deal too as the cost for KSH's 28% stake is over 60% of their market cap.

Dear slowandsteady,
From the Straits Times news and URA caveats, most likely, 14 floors of Prudential Tower are yet to be sold. The reason why there are only seven floors left to sell may be that the consortium wants to keep some floors for rental income.

This is my best guess but I will wait to see if there are further URA caveats on Prudential Tower from Sep 15 onwards.