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Sing Holdings
02-04-2019, 12:10 AM.
Post: #1551
RE: Sing Holdings
(22-03-2019, 09:02 PM)bargainhunter Wrote:

Borrowing costs recognized upfront leading to cut in profits for FY2018 but that means future profits will be even higher.  lol.

In the meantime, sales at Parc Botannia had picked up and the project is now > 70% sold vs 66% at the last announcement about a month ago. A further $37m worth of units has since been sold.

the company is maintaining the 1.2c dividends despite cutting the profits to be in compliance with new accounting standards as above.

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04-04-2019, 04:10 PM.
Post: #1552
RE: Sing Holdings

Sing Holdings continued to bid conservatively at 621psf for the Sims Drive plot.

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05-04-2019, 06:46 AM.
Post: #1553
RE: Sing Holdings
(21-02-2019, 06:47 AM)bargainhunter Wrote:
(20-02-2019, 09:31 PM)Behappyalways Wrote: Revenue accounted from the property project is around $105m up to date. The company has sold around 66% of the project of which the revenue is $443m. So in the next 2 years when it TOP, it would account for the remaining $443m property that it has sold but not accounted for plus the remaining 34% of the units not yet sold.

but over the next 2 years, they will continue to sell the 34% as sales is still ongoing.  in fact, sales had picked up since they introduced Propnex to be appointed marketing agent sometime in Jan 2019 in addition to Huttons who had been the exclusive agent since launch in Nov 2017.

Chairman announced that as at the date of the annual report, approximately 73% of the units at Parc Botannia have been issued an option to purchase, amounting to sales value of about $502.3 million.  That means sales has picked up considerably in the last 1 month plus moving 7% of the project and booking another almost $70m in revenue.

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07-05-2019, 06:11 PM.
Post: #1554
RE: Sing Holdings

between 20th feb and 7th may, Parc Botannia went from 66% sold to 81% sold. that's quite impressive given that those property analysts have been saying home buying activity is slow.

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