Sing Holdings

[kbl]

http://www.propertyguru.com.sg/property-...ra-ec-site

The Housing Development Board (HDB) has revealed the provisional winning bid for a parcel of land at Canberra Drive was S$226 million – and was made by Verwood Holdings Pte Ltd and TID Residential Pte Ltd.

The 28,562 sqm Executive Condominium 99-year leasehold site will have an estimated 600 units. Bidding opened on November 18 and closed at 12 noon today. There were a total of six bids for the site.



Desmond Sim, Head, CBRE Research Singapore, said: "The site attracted bids from seasoned players looking to replenish their land bank.

"At S$350 per sq ft plot ratio, it is lower than the previous top bid of S$382 per sq ft plot ratio at Westwood Avenue.

#Developers appear to be more realistic, bearing in mind the new credit restrictions imposed on EC buyers, which can only be made up of Singaporeans. This is also reflected in the narrow margins between bids.

#The site is located in a growing residential enclave, in line with the government’s plans to establish Woodlands as a regional centre.”

In its statement HDB said: “A decision on the award of the tender will be made after the bids have been evaluated. This will be announced at a later date.”

Full details of the site and the bidding companies for the Canberra Drive site are here.
http://www.hdb.gov.sg/fi10/fi10296p.nsf/...enDocument

[mulyc]

I think IMHO at this stage it might be a good thing that Sing Holdings didn't win given the weakness in the residential property sector now. Although that might have explained yesterday's drop in price.

[Behappyalways]

after so many years of share underperformance.....is Sing Holdings a
扶不起的阿斗

but I do know that with such a attractive remuneration, Lee is 乐不思蜀



Happy Chinese New Year to all and money money follow me home....

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.

[CY09]

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.

Hi KBL,

Referring to your above post, how do you know Robin Residence will be a 134 unit development?

[kbl]

I went down to Robin road this evening. Confirmed Sing Holdings going ahead to build 5blocks of 6storey total 134units. Construction started on 1st July 2013 and expected date of completion 2nd quarter 2016. Pls see attachment.

<vested>

Good evening CY09 San.

Please see my posting dated 14th Nov '13

[Behappyalways]

Went down to Robin. They are building the showflat at the moment. The exterior is done and if I am not wrong, the workers are laying the floor tiles. Let's see if they can launch the project in 1q and book some revenue.

[cyc]

Went down to Robin. They are building the showflat at the moment. The exterior is done and if I am not wrong, the workers are laying the floor tiles. Let's see if they can launch the project in 1q and book some revenue.

Hi, If they dont launch in 1st quarter, where would the revenue come from when they report Q1 results in May ?

[safetyfirst]

haha no revenue lor!

[kbl]

Property industry experts are hoping to see a reduction of some of the previous market cooling measures in the Singapore Budget 2014, which will be revealed by Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam (pictured) on February 21.

Tweaks, or an entire roll-back of the additional buyers stamp duty (ABSD) and the total debt service ratio (TDSR) would be most welcomed by the sector.

Donald Han, Managing Director at Chesterton Singapore, said: “Our wish is for the government to consider scaling back or loosening certain measures which have yielded the desired results.”

Notably, the introduction of the ABSD as well as the seller’s stamp duty saw sub-sales and foreigners’ participation rates in the Singapore property market hit new lows, while the TDSR framework has successfully slammed the brakes on skyrocketing property prices and transaction volumes.

Han added that reviewing these policies will give foreign investors the “right signal



http://www.propertyguru.com.sg/property-...g-measures

[kbl]

Good evening every1.

150 units Waterwoods sold. Left 223 units.

1 more unit sold