Fragrance Group

[HitandRun]

There comes a time when a person is rich enough, face is more important that $$$ wor. Maslow hierarchy of needs at work?

[a74henry]

I would rather take the money and buy value for money stocks.

[pianist]

Singapore, 18 March 2013 – Urban Vista - a fresh new residential development by Bayfront Realty Pte Ltd (a joint venture between mainboard-listed Fragrance Group Ltd and World Class Land Pte
Ltd) has received excellent buyer response – out of 310 units released, 250 (or over 80%) have been sold in just over the 3-day launch period, which commenced last Friday, March 15. Prices of
the 250 units sold typically fall within the range of S$1,400 – S$1,550 psf.
A snapshot of purchasers include those working in the financial industry at the nearby Changi Business Park as well as investors who foresee good rental demand and yield in view of the prime
location. Those working in the airline-related industry also find the location extremely convenient, due to Tanah Merah MRT being the interchange station just 6 minutes away from Changi Aiport.

[greengiraffe]

Profiling has risen for Fragrance and his owner. Note that both husband and wife owns 84% of Fragrance and it has been public knowledge that major shareholders have been constantly conducting open market purchases on their group and related companies such as GP Hotels, Aspial and Maxi Cash. A very good case study for aspiring PHD/MBA students.


Fragrance's Koh Wee Meng earned up to $5.5m last year

Published on Mar 20, 2013


Mr Koh is worth about $1.7 billion. He is Singapore's 15th richest person. -- ST PHOTO

By Rachel Scully

ONE of Singapore's richest men, billionaire Koh Wee Meng, reportedly earned between $5.25 million and $5.5 million last year.

This was disclosed in the 2012 annual report of Fragrance Group, a local property developer and hotel chain.

His remuneration package is largely performance-based, with 86 per cent from bonuses while most of the rest was base salary.

Mr Koh is worth about US$1.4 billion (S$1.7 billion), according to Forbes. The property tycoon and hotelier is ranked the 15th richest person in Singapore and 1,031st in the world.

He has a 73 per cent stake in Fragrance Group as its executive chairman and chief executive. Based on Fragrance's market capitalisation, that is worth $1.23 billion. His wife Lim Wan Looi also sits on the board as a non-executive director and owns close to 11 per cent of shares in the firm.

In January, Fragrance Group reported a record net profit of $235 million for the year ended 2012, up 35 per cent from 2011.

In the chairman's message in the company's annual report, Mr Koh said the group expects the property cooling measures to dampen speculative demand in the market. However, demand from genuine home buyers should remain stable, given the low interest rate environment.

Business for its hotel arm should not be too badly affected by uncertain global economic conditions, added Mr Koh. "The resilient nature of operating hotels in the economy segment will allow us to tide through economic slowdowns as tourists seek more affordable accomodation."

More than 250 units of its latest condominium Urban Vista - developed with World Class Land - have been snapped up since its launch last Friday. The 582-unit development in Tanah Merah is expected to issue its temporary occupation permit in 2017.

Nine other property developments ranging from seafront bungalows to offices and retail shops are in the pipeline.

Fragrance Group is also expected to develop its largest hotel with 270 rooms in Tyrwhitt Road by the first half of next year.

rjscully@sph.com.sg

[CityFarmer]

Fragrance’s Q2 net profit climbs 59.7%

SINGAPORE – Developer Fragrance Group on Friday reported a 59.7 per cent rise in second-quarter net profit, on higher contribution from the property sector.

Net profit for the three months ended June was S$33.9 million, up from S$21.3 million in the same period a year earlier.

Revenue rose 48.6 per cent to S$152.4 million.

http://www.todayonline.com/business/frag...climbs-597

[pianist]

Singapore, 7 August 2013 – Kensington Village, a joint venture between Mainboard-listed Fragrance Group Limited (“Fragrance Group”) and World Class Land Pte Ltd (“World Class Land”), the property development arm of Mainboard-listed Aspial Corporation Limited (“Aspial”), today jointly announced the opening of the sales gallery of its joint development – Kensington Square.
The Kensington Square sales gallery will be open to the public from 8 August 2013, between 11am to 9pm, for a preview and registration of interest. The gallery is located at the junction of Upper Paya Lebar Road and Jalan Lokam.

[greengiraffe]

http://infopub.sgx.com/FileOpen/Announce...eID=296162

Wah lau of all place in Hobart, Tassie... its small $ but what is the significance...

[CY09]

Companies sometimes will just buy any part of the country as property investment when the country is experiencing a property boom.

Australia is currently experiencing such a boom due to its proximity to Asia's riches. Don't be surprised if we hear more "ulu" property acquisitions by our local property companies. Another country to watch is UK

[greengiraffe]

Tassie economy is amongst the worst in Australia...

Companies sometimes will just buy any part of the country as property investment when the country is experiencing a property boom.

Australia is currently experiencing such a boom due to its proximity to Asia's riches. Don't be surprised if we hear more "ulu" property acquisitions by our local property companies. Another country to watch is UK

[NTL]

The redevelopment of Keypoint is going to take place soon. From what I heard, they are giving their tenants short term tenancy agreements, and they are preparing the ground floor to showcase what KeyPoint going to be in time to come.