Sing Holdings

[cyc]

The sales are moving at a snail's pace. Hopefully, robin residence, which is slated for launch in Q2, can sell better than Watewoods. They have to price attractively and accept a lower profit margin in order to move the units.

[CY09]

The sales are moving at a snail's pace. Hopefully, robin residence, which is slated for launch in Q2, can sell better than Watewoods. They have to price attractively and accept a lower profit margin in order to move the units.

Sing Holdings Management have to be realistic with the Robin Plot: Mainly they have to price the majority of their Robin Units approx below 2 Million. So what does this mean?

a) either have majority of Robin units to be of smaller unit size (1000 sq ft and below) or:

b) Price the units at $2100 PSF and below

This Management has to be realistic that with the current TDSR framework intact, it is impossible to keep sell large units at such a high psf. Unless it wants to be another SC global (left with a large unsold unit inventory).

[kbl]

Good afternoon everyone.

Why sell *cheap* when Ronin Residences(134 units) is within 250m to the MRT and 1km to SCGS primary and ACS Barker primary.

[CY09]

Good afternoon everyone.

Why sell *cheap* when Ronin Residences(134 units) is within 250m to the MRT and 1km to SCGS primary and ACS Barker primary.

Hi KBL,

My point of view is through the rate of return for keeping capital in a project. Lets make two simple scenarios: Assuming total project cost is $1750/psf. In scenario 1: Sing holdings sell the project at 2100 psf and sells everything after 3 yrs or; Scenario 2: Sing Holdings sells at 2350psf and only sells everything after 5 years.

In the 1st scenario, the return is about 6.265% p.a.
In the 2nd Scenario, the return is 6.073% p.a

I know its possible to have sale throughout the 3 or 5 year tenure. But let's keep it simple!

[kbl]

Hi CY09 San,

Robin Residences is a FH property with total 134 units only. Why Sing Holdings Management target to launch in 2Q? I think they are targeting the young parents. If you want to enrol your kids to SCGS and ACS and you don't have any relationship with the school, within 1km is a realistic chance to get into the school.

[specuvestor]

Good afternoon everyone.

Why sell *cheap* when Ronin Residences(134 units) is within 250m to the MRT and 1km to SCGS primary and ACS Barker primary.

Hi KBL,

My point of view is through the rate of return for keeping capital in a project. Lets make two simple scenarios: Assuming total project cost is $1750/psf. In scenario 1: Sing holdings sell the project at 2100 psf and sells everything after 3 yrs or; Scenario 2: Sing Holdings sells at 2350psf and only sells everything after 5 years.

In the 1st scenario, the return is about 6.265% p.a.
In the 2nd Scenario, the return is 6.073% p.a

I know its possible to have sale throughout the 3 or 5 year tenure. But let's keep it simple!

The other side of the equation is of course how much more interest they have to pay over these 2 extra years and lower asset turn of capital

[mulyc]

Hi CY09 San,

Robin Residences is a FH property with total 134 units only. Why Sing Holdings Management target to launch in 2Q? I think they are targeting the young parents. If you want to enrol your kids to SCGS and ACS and you don't have any relationship with the school, within 1km is a realistic chance to get into the school.

I think more like they are targetting Q2 because alot of people have gotten their bonuses and are cash rich!

[pianist]

Hi CY09 San,
Robin Residences is a FH property with total 134 units only. Why Sing Holdings Management target to launch in 2Q? I think they are targeting the young parents. If you want to enrol your kids to SCGS and ACS and you don't have any relationship with the school, within 1km is a realistic chance to get into the school.

I think more like they are targetting Q2 because alot of people have gotten their bonuses and are cash rich!

yup, after march will be a crowded time for property hunting and job switching after most pple in the private gotten their bonus..cash rich

[cyc]

Today, share price closed at $0.37, another drop of 1.5 cents with a relatively high volume of 483 lots done. This shows quite a few have thrown in the towel - Maybe those who bought at below $0.30 are willing to accept a lower profit or those who had bought at above $0.38 are cutting their losses.

[kbl]

Good morning Every1.

Waterwoods CNY offer to move units

Star Buy Units + CNY Ang Bao

$6,888/-

(from 01 to 14 Feb 2014)

http://www.executivecondominium.sg/WaterWoods.html