Temasek Holdings

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#41
(14-10-2014, 11:50 PM)opmi Wrote: Fish Head: Go read about those transactions in their context before u generalize.




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If you truly believe that those listed companies are buying national asset in great discount, the right thing to do is to buy as much shares of those companies as possible. Even take mortgage from your house to buy those shares in order to take advantage against the government.

You shall be benefited from this finding and appreciate it instead of feeling angry. If you didn't act basing on you findings, then how true is your finding?Big Grin
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#42
(15-10-2014, 09:58 AM)CityFarmer Wrote:
(14-10-2014, 11:49 PM)greengiraffe Wrote: If you talk to seasoned local businessmen, GLCs crowded out local guys.

Frankly, REIT in Singapore IMHO has resulted in high structural costs that is added on top asset inflation in which safe haven like Singapore has always been attracting.

I don't admire Singaporeans as many lack ownership of material things in particular the younger generations.

The lack of ownership is adverse as it will no longer drive the new generations since no matter how hard they work, their aim of ownership will always be far from them.

Being a parent of young generations, I would rather to see my kids eventually live in a society that enables ownership through hard work. While direct taxes in such countries could be high, i have heard of cases where hard work still pays.

My friends child aged 26 is already servicing a mortgage to own a modest house down under with her sole income and certainly I don't forsee that happening in Singapore.

GG

I am a bit skeptical on the view, thus to find out more.

Base on wikipedia, home ownership rate of Singapore and Australia are
Singapore - 90.5%
Australia - 67%
http://en.wikipedia.org/wiki/List_of_cou...rship_rate

The Singapore number consistent with SingStat, but I don't have any to tally with Australia number. Let's assume it is trust-able. It means easier to own a house in Singapore than Australia. Isn't it? Big Grin

Not quite correct. In Australia, there is a culture of renting and that appears to be a tradition.

Big country means mobility. Migrant nation means there is always renters before they settle down to buy. Historically interest rates are high and hence easier to rent than own.

In addition there is negative gearing where renting appears cheaper than owning. Owning is more an Asian mentality.

To me hardworking migrants find it easier to own due to much lower absolute pricing housing and the quality of life...

I would like to have a chance to enjoy it.

GG
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#43
(15-10-2014, 10:06 PM)Fish Head Wrote:
(14-10-2014, 11:50 PM)opmi Wrote: Fish Head: Go read about those transactions in their context before u generalize.




Sent from my iPhone using Tapatalk

If you truly believe that those listed companies are buying national asset in great discount, the right thing to do is to buy as much shares of those companies as possible. Even take mortgage from your house to buy those shares in order to take advantage against the government.

You shall be benefited from this finding and appreciate it instead of feeling angry. If you didn't act basing on you findings, then how true is your finding?Big Grin

You are still generalizing. Too lazy to read up the history of these transactions, is it??

"If you truly believe that those listed companies are buying national asset in great discount, the right thing to do is to buy as much shares of those companies as possible. Even take mortgage from your house to buy those shares in order to take advantage against the government. " <- Spare me this kind of noob talk, please.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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#44
A few points in general.

1. Once talk about house ownership, I had been reminded many times that HDB lessee title is 99 years. Then shall we reminded pp who worry about SG national assets are being sold to listed companies that those industrial properties lessee are 30 - 60 years. They shall be less worry with this information. Smile. If SG government sell land as freehold, within a generation, the 700KM2 land will be mostly owned privately. It is the most irresponsible complaint that will surely risk your children's future.

2. Is there a country without elite class in this world? The children of rich and powerful always have advantage over the others. We can't choose our family status but we can change our children's family status. Within one generation, many Singaporeans change their status from poor to middle class. Now the trouble is the younger generation wants to change from middle to rich. But they are neither more hardworking nor financially smarter than their parents. Also, there is always limited rich in any society. They are disappointed and losing patient.

3. My family provides no financial support to me. After graduation, I earned one of the least among my peers. I bought my first 3-rm flat for marry then apply for BTO instead of directly go into a bigger flat like most of my friends do. I am surely own the bank some money, but I can pay back if I like to. At our 30s, my wife and i are rather comfortable financially. We are normal Singaporeans that are willing to practice financial discipline and learn to do so. But majority of people surrounding are thinking how to spend their money asap then crying for government support. I feel that they will never be satisfied. Only god may help on it.

4. The influence of government in economic is a good topic for discussion. But I read an article that there are different economic model that made the success of the Asian 4 dragons. The success of SG comes from national capitalism, where the government utilizes resources from the whole country to gain global competitiveness. HK is purely a trading hub that gained from China. Taiwan is SME dominated economic, and Korea is controlled by a few big financial groups. Many Singaporeans may prefer Taiwan model to help local SME. But when globalization progress into recent years, Taiwan model performed the worse among the 4 economics. Partly due to weak government, but the weakness of SME in front of global big players may also be a reason. A change of successful formula is possible but need extra care before a real move.

5. Singapore government bond is the only government bond in Asia being rated at highest rating by all the 3 major rating agencies. When the world thinks that we are performing good, we are thinking that we are very bad. People rather believe Roy Ngerng and HHH instead of credit rating agencies, IMF and world bank. It is typical symptom of anti-intellectualism.
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#45
(15-10-2014, 10:19 PM)opmi Wrote:
(15-10-2014, 10:06 PM)Fish Head Wrote:
(14-10-2014, 11:50 PM)opmi Wrote: Fish Head: Go read about those transactions in their context before u generalize.




Sent from my iPhone using Tapatalk

If you truly believe that those listed companies are buying national asset in great discount, the right thing to do is to buy as much shares of those companies as possible. Even take mortgage from your house to buy those shares in order to take advantage against the government.

You shall be benefited from this finding and appreciate it instead of feeling angry. If you didn't act basing on you findings, then how true is your finding?Big Grin

You are still generalizing. Too lazy to read up the history of these transactions, is it??

"If you truly believe that those listed companies are buying national asset in great discount, the right thing to do is to buy as much shares of those companies as possible. Even take mortgage from your house to buy those shares in order to take advantage against the government. " <- Spare me this kind of noob talk, please.

Action carries more weight than words.
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#46
http://www.businesstimes.com.sg/real-est...okyo-space

GIC sinks US$1.7b into Tokyo space

By
Michelle Quahmichquah@sph.com.sg@MichelleQuahBT
BT_20141021_MQGIC_1329226.jpg GIC is taking up the entire office component of Pacific Century Place Marunouchi, next to Tokyo Station
21 Oct5:50 AM
Singapore

SINGAPORE sovereign wealth fund GIC is sinking what some have estimated to be in the region of US$1.7 billion (S$2.2 billion) into one of Tokyo's most prime office spaces.

The investment firm said it is taking up the entire office component of Pacific Century Place Marunouchi, located next to Tokyo Station and a stone's throw from the Ginza shopping district.

The office portion consists of the 8th to 31st floors of the building, and has a gross floor area of 38,840 sqm of net lettable area. The lower floors - not part of the transaction - are taken up by Four Seasons Hotel Tokyo and retail space.

GIC did not reveal how much it paid for the office block; but Reuters reported on Aug 25 that Secured Capital Investment Management Co, which GIC said it bought the property from, was putting it up for sale at more than US$1.7 billion.

Secured Capital - part of Asian private equity firm PAG - bought the property in 2009 for about 144 billion yen (US$1.4 billion). Reuters quoted unnamed sources close to the deal saying that Secured Capital was seeking more than 180 billion yen (US$1.7 billion) in its sale of the property.

At that price, Reuters' sources said, the expected annual return for GIC from the Grade A office space would be about 3 per cent.

"As a long-term value investor, GIC believes Pacific Century Place Marunouchi gives us a combination of stable income and the potential for capital appreciation over the long term," said Lee Kok Sun, co-head of Asia, GIC Real Estate.

Pacific Century Place Marunouchi is located in Tokyo's Chiyoda ward, which has some of the country's highest rents and lowest vacancy rates. Most of the other properties in the area are owned by Mitsubishi Estate Co, Japan's leading developer.

Property analysts have a positive view of the Tokyo office market in the near term.

JLL (Jones Lang Lasalle) said in its second quarter 2014 Asia Pacific Property Digest that it expects rents in Tokyo "to rise gradually over the remainder of (2014)". It also said that strong interest from investors and expectations for further rental increases should drive capital values higher. Meanwhile, CBRE Research said in its Q2 2104 global office rent cycle report that rents in Tokyo are on an uptrend.

Mr Lee added: "The attractions of the property are its prime location, superior building quality, and quality tenants. This investment demonstrates our confidence in Japan and, specifically, the Tokyo office market over the long run."

Pacific Century Place Marunouchi counts among its tenants Shell Japan, BHP Billiton Japan, Deloitte Touche Tohmatsu and Verizon Japan.

The Business Times understands that the current vacancy rate for the building is in the low single-digit range. JLL's report said that the overall vacancy rate for Tokyo's office space was "stable at 3.7 per cent" in Q2 2014.

Pacific Century Place Marunouchi was built by Hong Kong tycoon Richard Li's Pacific Century Group and completed in 2001. The group then sold it for 200 billion yen in 2006 to KK daVinci Holdings, a Japan-based company primarily engaged in the property investment advisory business. KK daVinci then sold it to Secured Capital.

Reuters had also reported in August that Goldman Sachs Asset Management was a final bidder for Pacific Century Place Marunouchi, with a possible offer of some 165 billion yen, competing against at least two other unnamed investors.

GIC's first investment in Japan dates back to 1997. Earlier this year, it was looking to buy Meguro Gajoen, a complex of office properties and retail facilities in Tokyo, but backed off from the deal due to a legal dispute.
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#47
http://www.valuebuddies.com/thread-224-p...l#pid97489

Temasek no expertise meh? Tapping on VC? Actually long long ago, TIH was started by TLC link co and really f/s up till the bunch of blokes took over and turn around...
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#48
http://www.businesstimes.com.sg/governme...atnam-fund

Temasek launches S$100m S Rajaratnam fund
By
Chan Yi Wenyiwenc@sph.com.sg@ChanYiWenBT
mrsrajaratnam2210.jpg TO fortify the foundations laid by Singapore's first and longest- serving foreign minister, the late S Rajaratnam, Temasek Holdings on Tuesday launched the S$100 million S Rajaratnam Endowment (SRE) to support domestic and regional programmes and partnerships that will promote regional cooperation and development
22 Oct5:50 AM
Singapore

TO fortify the foundations laid by Singapore's first and longest- serving foreign minister, the late S Rajaratnam, Temasek Holdings on Tuesday launched the S$100 million S Rajaratnam Endowment (SRE) to support domestic and regional programmes and partnerships that will promote
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#49
http://www.valuebuddies.com/thread-5859-...l#pid98460

Jialat, even Aussie bankers have no interests in 2888HK
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#50
http://www.valuebuddies.com/thread-5237-...l#pid98612

Luckily its long term strategic investments...

(29-10-2014, 10:18 PM)greengiraffe Wrote: http://www.valuebuddies.com/thread-5859-...l#pid98460

Jialat, even Aussie bankers have no interests in 2888HK
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