Homepage
PR Newswire
12-03-2017, 11:16 PM
(12-03-2017, 11:10 PM)bargainhunter Wrote:(12-03-2017, 11:06 PM)luckystar Wrote: It is complicated to do property development in Singapore. No wonder so many of them are venturing overseas.
Furthermore, the laws can be changed at the flip of a switch, like tabling in parliament and having the bill passed on the same day.
So not only business risk, developers have to face MND risk. Too challenging.
Somehow Sing Holdings has been unlucky:
while discussing purchase of 2nd plot of robin, kenna ABSD for developers announcement.
while discussing bulk sale of remaining units of robin, kenna this ACD announcement.
but somehow they also manage to get away with it.
I find that Sing Holdings management is rather sincere, honest, and down to earth people. They dont do anything fancy or extraordinary. I have spoken to them a few times at AGM. I have very favorable impression of the CEO and the rest of the team.
Whichever way it turns out with MND approval, I think it is fine. Worse come to worse, hold back the 29 units and I am sure with improved sentiments towards the property market, it will have little difficulty clearing those units. It is not like a MUST DO deal.
