Sing Holdings

[CY09]

One thing I don't quite like about Sing Holdings is their insistence to sticking to building units that are relatively big (comparing Lush Acres to Waterwoods). This increase the quantum of the housing unit price. Sing holdings should stay in their niche of luxuryand not consider going into the mass market units unless they are willing to change their philosophy.

This is because mass market property buyers are more price sensitive given the prevailing govt regulations and their limited income

There is a maximum number of units one can build on the EC plot.

Hi,

I do know of this rule, but for Sing Holdings design, they tend to sell developments under the tag of luxurious (spacious) living. Hence it is highly probably they did not max out the specific rule.

In addition, Sing Holdings majority unit distribution for this EC project is 4-5 bedrooms unlike the surrounding peers which are 3 bedrooms (mainly). As a result, of bigger units and income threshold of 12k for applicants, Sing holdings is experiencing difficulties in selling their units. This highlights the price sensitivity of EC applicants

[Behappyalways]

part of the reason is the location.....skypark residences(506 units) in sembawang is doing better in sales even though there are more units.....

sales for skypark is about 56% sold compared to 38% for Waterwoods(373 units)

[cyc]

Stock traded at around $0.43 and $0.33 in 2013 & 2012 AGM respectively and it touched a low of $0.375 on Friday. Think there will be plenty of disgruntled shareholders in next year's AGM.

Q4(FY13) will probably run into a loss and Q1(FY14) revenue will be weak. Hard to find good reasons to stay vested as it can continue to trade at huge discount to NAV & RNAV for long periods if its financial results in 2014 are uninspiring - We are not sure how the sales of Robin Residence will pan out and whether boss Lee will give a generous dividend for long suffering shareholders to stay invested in this company.

[propertyinvestor]

One thing I don't quite like about Sing Holdings is their insistence to sticking to building units that are relatively big (comparing Lush Acres to Waterwoods). This increase the quantum of the housing unit price. Sing holdings should stay in their niche of luxuryand not consider going into the mass market units unless they are willing to change their philosophy.

This is because mass market property buyers are more price sensitive given the prevailing govt regulations and their limited income

There is a maximum number of units one can build on the EC plot.

Hi,

I do know of this rule, but for Sing Holdings design, they tend to sell developments under the tag of luxurious (spacious) living. Hence it is highly probably they did not max out the specific rule.

In addition, Sing Holdings majority unit distribution for this EC project is 4-5 bedrooms unlike the surrounding peers which are 3 bedrooms (mainly). As a result, of bigger units and income threshold of 12k for applicants, Sing holdings is experiencing difficulties in selling their units. This highlights the price sensitivity of EC applicants

People want big units. Look at Citylife@ tampines. The big units all sold out within the first few weeks.

[money]

I quite agree with the big units idea. You look at many of the upgraders, it tends to be multi generation so in a typical familyy, both parents working, 2 kids and grandparents, you will need like 4 rooms already and sometimes 5 rooms for an additional study room.

...but still i hope SH will creep lower cos i want to pick up more shares

[chialc88]

money wrote: I wish SH could creep lower.

Wow, you not afraid of stone throwing meh?

Anyway, nowaday, it's very difficult to find multi generation staying together.

The grandparents also want to rest. They don't mind the grand children come back after school and then have a family dinner.
But, after dinner, they have to rest.

Those multi generation flats that's hot selling are typically dual key units.
For obvious reason.

With the 10 Dec 2013 EC curb, let's wait and see the effects ....

[kbl]

Stock traded at around $0.43 and $0.33 in 2013 & 2012 AGM respectively and it touched a low of $0.375 on Friday. Think there will be plenty of disgruntled shareholders in next year's AGM.

Q4(FY13) will probably run into a loss and Q1(FY14) revenue will be weak. Hard to find good reasons to stay vested as it can continue to trade at huge discount to NAV & RNAV for long periods if its financial results in 2014 are uninspiring - We are not sure how the sales of Robin Residence will pan out and whether boss Lee will give a generous dividend for long suffering shareholders to stay invested in this company.

Good morning Cyc san and All.

Are you vested?

Price coming down I am not happy but I am happy to add more.


<vested><not a call to buy or sell>

[kbl]

hse 5, 47 & 78 selling

[kbl]

Update: The Laurels Nov 2013
Cumulative Units Sold to-date: 225
Median Price ($psf) in the Month: 0
Units sold in the month: 0
Cumulative Units Launched but Unsold: 4
Total Number of Units: 229


Update: Waterwoods EC Nov 2013
Cumulative Units Sold to-date: 131
Median Price ($psf) in the Month: 801
Units sold in the month: 131
Cumulative Units Launched but Unsold: 242
Total Number of Units: 373

https://www.ura.gov.sg/realEstateIIWeb/p...rch.action

[kbl]

142 units Waterwoods sold. Left 231 units.