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Latest Forum Topics / CityDev    Last:8.24 --  Post Reply
CityDev
pasttime
Supreme
05-Jan-2022 16:50     
 
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Yells: "gold silver are real money. not others iou."
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 Alert Admin 		ha ha ha.  you are such a joy. good joke.
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ETLee8
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05-Jan-2022 12:55     
 
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 Alert Admin 		Of course the sales figures " looks good" .  Most of these properties were launched in the middle of Year 2018.
If not good, now very jialat jialat already.
More importantly see the TOP date :
Property                                              TOP date
Wistler Grand                                      Q2 2022
Piermont Grand                                    Q4 2022
Seng Kang residences                          Q2 2023
Amber Park                                            Q2 2023

So it is after Q2 2022, that there is substantial money coming in.
Now to June 2022, still going tough.
DYODD

pasttime      ( Date: 05-Jan-2022 09:35) Posted:

during 2h 2021. base on ura web info.
piermont grand  ,  whitler grand sold out.
sengkang grand , the jowell, penrose, irwell hill achieve good sale number. 
canninghill piers achieve very successful sale after launch.

project              sale/project units.
piermont grand  820/820
whistler grand    716/716
the jovell            409/428 
sengkang grand 639/680
penrose            525/566
amber park      501/592
very good sales results in the comming reporting seasons. cannot see what so bad.

on hotel. think it is improving. search hotel bookings and one will see lesser discount then before. many hotel no more discount.
omicron infections is increasing in numbers.  s.africa has passed it' s peak without spike in death.
isreal 4th vaccine dose is reported to have huge increased in anti bodies.

i do not know where travel industry will go. think it is much better then 1/2 year ago. and improving by the months.
annual flooding season of money into market is starting. see increased in traded value yesterday. hope it continue.
best of luck
dyodd
 

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pasttime
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05-Jan-2022 09:35     
 
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Yells: "gold silver are real money. not others iou."
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 Alert Admin 		during 2h 2021. base on ura web info.
piermont grand  ,  whitler grand sold out.
sengkang grand , the jowell, penrose, irwell hill achieve good sale number. 
canninghill piers achieve very successful sale after launch.

project              sale/project units.
piermont grand  820/820
whistler grand    716/716
the jovell            409/428 
sengkang grand 639/680
penrose            525/566
amber park      501/592
very good sales results in the comming reporting seasons. cannot see what so bad.

on hotel. think it is improving. search hotel bookings and one will see lesser discount then before. many hotel no more discount.
omicron infections is increasing in numbers.  s.africa has passed it' s peak without spike in death.
isreal 4th vaccine dose is reported to have huge increased in anti bodies.

i do not know where travel industry will go. think it is much better then 1/2 year ago. and improving by the months.
annual flooding season of money into market is starting. see increased in traded value yesterday. hope it continue.
best of luck
dyodd
 
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ETLee8
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05-Jan-2022 08:54     
 
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 Alert Admin 		Bro Cloudy.mountain,
Much appreciated your understanding.
No point in rebutting the obvious lah.  The more that is written, the more exposed it becomes.
It is true there is a lot of liquidity available but it is not FREE. 
Now there is a another variant discovered in France, hopefully no impact.
Heard some European countries, Canada, Saudi Arabia, Tanzania, Brazil Spain Italy, France, .. announced lockdowns, state of emergency, blocked .etc
All these will affect the hospitality sector.
Let us hope for the best

cloudy.mountain      ( Date: 05-Jan-2022 02:38) Posted:

lol ET you' re too nice. replying to a fella who kept dishing out to you backhanded insults and insinuating that you don' t know your stuff.

I can tell from your replies you definitely either work in the industry or keep very close tabs on the inner workings of the industry so kudos to you for your generous sharing.

Perhaps you are right. Perhaps he is looking at 3-5 years while you are looking at 3-6 months.

But let me play the devil' s advocate here. What good is looking into 3 to 5 years when you are not certain about the company' s viability in the next 3 to 6 months? I am not saying CDL will crumble into nothing within 3 to 6 months but I always hear people talk about having a long-term view of things and I always ask myself so wait until when then you decide to cash out from the stock?

Do you guys think bank borrowings do not come with covenants? Do you think after the debacle last year, if you were a bank you will not raise interest rates for new loans? What about loans collateralised on trading assets? If you were a bank, will you introduce step ups upon renewal of the loans if certain sale of assets don' t happen?

I suggest we do some CSI into linkedin and see for ourselves staff turnover and from there judge what the insiders are thinking.

ETLee8      ( Date: 04-Jan-2022 21:35) Posted:

Bro,  thanks for acknowledging to all the issues I brought up.  However I do not agree when u played down on all their impact.
I respect your assessments and assumptions although it is different from mine.
Perhaps we are looking at different timeframes,  maybe yours is 3-5 years, while I am looking at 3-6 months ???

DYODD
 
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cloudy.mountain
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05-Jan-2022 02:38     
 
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 Alert Admin 		lol ET you' re too nice. replying to a fella who kept dishing out to you backhanded insults and insinuating that you don' t know your stuff.

I can tell from your replies you definitely either work in the industry or keep very close tabs on the inner workings of the industry so kudos to you for your generous sharing.

Perhaps you are right. Perhaps he is looking at 3-5 years while you are looking at 3-6 months.

But let me play the devil' s advocate here. What good is looking into 3 to 5 years when you are not certain about the company' s viability in the next 3 to 6 months? I am not saying CDL will crumble into nothing within 3 to 6 months but I always hear people talk about having a long-term view of things and I always ask myself so wait until when then you decide to cash out from the stock?

Do you guys think bank borrowings do not come with covenants? Do you think after the debacle last year, if you were a bank you will not raise interest rates for new loans? What about loans collateralised on trading assets? If you were a bank, will you introduce step ups upon renewal of the loans if certain sale of assets don' t happen?

I suggest we do some CSI into linkedin and see for ourselves staff turnover and from there judge what the insiders are thinking.

ETLee8      ( Date: 04-Jan-2022 21:35) Posted:

Bro,  thanks for acknowledging to all the issues I brought up.  However I do not agree when u played down on all their impact.
I respect your assessments and assumptions although it is different from mine.
Perhaps we are looking at different timeframes,  maybe yours is 3-5 years, while I am looking at 3-6 months ???

DYODD
 

TradeExpert      ( Date: 04-Jan-2022 19:06) Posted:

Bro, looking at your replies, clearly it shows superficial understanding which lack of in-depth analysis. 

Which counter./companies will not be subjected to market tubulence? Definitely will take time to recover for any market correction. Importantly is the fundamentals of the counter/company. Losing $2B to CDL is nothing expect feeling pain from being bitten from some predators. It does not have major financial impact on CDL. 

You are right to say that  supply chain has not completely restored, availability of raw materials and labor is still an obstacle.  All this will hinder the delivery of projects.  This year is will be the year many companies will feel the biggest impact arising from supply chain issues.  That is the reasons that projects such as canninghill piers will not start construction/foundation till around end FY2023/FY2024. The developer sell at current prices factoring all the increment of labour and material cost but construct later to wait out for sometime for the tides to be more calm. 

Assuming that they have already factor in 50% increment in construction cost, if they wait out, this projected increment of cost might be lower and indirectly bring up their profits. if you truly understand development works, developers in their risk management will rather not construct than to construct and faces issues. Once you start to construct, there are legal obligations to finish by a certain timing and need to come out with more cashflow. 

There are more in-depth than this. 

Having bought/owning some pte pty does not equates to knowing development works or know how developer works. The financing structure of developers are very complex. 

If you look at developers like capitaland, they have not lack of money and constantly will have funds managers looking to give money for investments in various instruments. Just look at 1 pearl bank, at least $500M on the table for the developer to take. The question is whether the developer want to take anot. Lolx

Also, how will increase in GST to 9% affect property sales? Don' t anyhow humtum. And if you understand the cooling measures, you will understand the dynamics, why govt want to impose in Dec 2021 and that there are minimum impact on property sales especially for 1st time buyers. The message from govt is very clear and the govt want to buy time to boost supply as they did not anticipate the pent up demands.

Even if increase in GST, there are ways to get back the GST for commercial properties. It does not applies to Residential properties. 

Hence, while you try to give a negative perspective, people can do their researches, ask around and analyse if they are factual. 

Short-term may be affected by some news but no cause for concerns. Mid term are positives. Just wait for the result and global data. 

DYODD. 
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ETLee8
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04-Jan-2022 21:35     
 
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 Alert Admin 		Bro,  thanks for acknowledging to all the issues I brought up.  However I do not agree when u played down on all their impact.
I respect your assessments and assumptions although it is different from mine.
Perhaps we are looking at different timeframes,  maybe yours is 3-5 years, while I am looking at 3-6 months ???

DYODD
 

TradeExpert      ( Date: 04-Jan-2022 19:06) Posted:

Bro, looking at your replies, clearly it shows superficial understanding which lack of in-depth analysis. 

Which counter./companies will not be subjected to market tubulence? Definitely will take time to recover for any market correction. Importantly is the fundamentals of the counter/company. Losing $2B to CDL is nothing expect feeling pain from being bitten from some predators. It does not have major financial impact on CDL. 

You are right to say that  supply chain has not completely restored, availability of raw materials and labor is still an obstacle.  All this will hinder the delivery of projects.  This year is will be the year many companies will feel the biggest impact arising from supply chain issues.  That is the reasons that projects such as canninghill piers will not start construction/foundation till around end FY2023/FY2024. The developer sell at current prices factoring all the increment of labour and material cost but construct later to wait out for sometime for the tides to be more calm. 

Assuming that they have already factor in 50% increment in construction cost, if they wait out, this projected increment of cost might be lower and indirectly bring up their profits. if you truly understand development works, developers in their risk management will rather not construct than to construct and faces issues. Once you start to construct, there are legal obligations to finish by a certain timing and need to come out with more cashflow. 

There are more in-depth than this. 

Having bought/owning some pte pty does not equates to knowing development works or know how developer works. The financing structure of developers are very complex. 

If you look at developers like capitaland, they have not lack of money and constantly will have funds managers looking to give money for investments in various instruments. Just look at 1 pearl bank, at least $500M on the table for the developer to take. The question is whether the developer want to take anot. Lolx

Also, how will increase in GST to 9% affect property sales? Don' t anyhow humtum. And if you understand the cooling measures, you will understand the dynamics, why govt want to impose in Dec 2021 and that there are minimum impact on property sales especially for 1st time buyers. The message from govt is very clear and the govt want to buy time to boost supply as they did not anticipate the pent up demands.

Even if increase in GST, there are ways to get back the GST for commercial properties. It does not applies to Residential properties. 

Hence, while you try to give a negative perspective, people can do their researches, ask around and analyse if they are factual. 

Short-term may be affected by some news but no cause for concerns. Mid term are positives. Just wait for the result and global data. 

DYODD. 

ETLee8      ( Date: 04-Jan-2022 17:32) Posted:

Bro, I am certainly not anti-CDL.  It is one of my favourites actually.  However based on the current situation (just like SIA) it will take some time for it to recover.
We have to be realistic and not act according to herd instinct.   
Covid is still ongoing, supply chain has not completely restored, availability of raw materials and labor is still an obstacle.  All this will hinder the delivery of projects.
The cooling measures - ABSD, total borrowing limits, ...etc adds to the burden
The much pending rate hike is a dampener.
Suddenly another possible negative factor - GST increased to 9%, could further weaken property sales 
And debt still have to be paid on time ....  it is a stress moment
DYODD
 
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TradeExpert
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04-Jan-2022 19:06     
 
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 Alert Admin 		Bro, looking at your replies, clearly it shows superficial understanding which lack of in-depth analysis. 

Which counter./companies will not be subjected to market tubulence? Definitely will take time to recover for any market correction. Importantly is the fundamentals of the counter/company. Losing $2B to CDL is nothing expect feeling pain from being bitten from some predators. It does not have major financial impact on CDL. 

You are right to say that  supply chain has not completely restored, availability of raw materials and labor is still an obstacle.  All this will hinder the delivery of projects.  This year is will be the year many companies will feel the biggest impact arising from supply chain issues.  That is the reasons that projects such as canninghill piers will not start construction/foundation till around end FY2023/FY2024. The developer sell at current prices factoring all the increment of labour and material cost but construct later to wait out for sometime for the tides to be more calm. 

Assuming that they have already factor in 50% increment in construction cost, if they wait out, this projected increment of cost might be lower and indirectly bring up their profits. if you truly understand development works, developers in their risk management will rather not construct than to construct and faces issues. Once you start to construct, there are legal obligations to finish by a certain timing and need to come out with more cashflow. 

There are more in-depth than this. 

Having bought/owning some pte pty does not equates to knowing development works or know how developer works. The financing structure of developers are very complex. 

If you look at developers like capitaland, they have not lack of money and constantly will have funds managers looking to give money for investments in various instruments. Just look at 1 pearl bank, at least $500M on the table for the developer to take. The question is whether the developer want to take anot. Lolx

Also, how will increase in GST to 9% affect property sales? Don' t anyhow humtum. And if you understand the cooling measures, you will understand the dynamics, why govt want to impose in Dec 2021 and that there are minimum impact on property sales especially for 1st time buyers. The message from govt is very clear and the govt want to buy time to boost supply as they did not anticipate the pent up demands.

Even if increase in GST, there are ways to get back the GST for commercial properties. It does not applies to Residential properties. 

Hence, while you try to give a negative perspective, people can do their researches, ask around and analyse if they are factual. 

Short-term may be affected by some news but no cause for concerns. Mid term are positives. Just wait for the result and global data. 

DYODD. 

ETLee8      ( Date: 04-Jan-2022 17:32) Posted:

Bro, I am certainly not anti-CDL.  It is one of my favourites actually.  However based on the current situation (just like SIA) it will take some time for it to recover.
We have to be realistic and not act according to herd instinct.   
Covid is still ongoing, supply chain has not completely restored, availability of raw materials and labor is still an obstacle.  All this will hinder the delivery of projects.
The cooling measures - ABSD, total borrowing limits, ...etc adds to the burden
The much pending rate hike is a dampener.
Suddenly another possible negative factor - GST increased to 9%, could further weaken property sales 
And debt still have to be paid on time ....  it is a stress moment
DYODD
 

TradeExpert      ( Date: 04-Jan-2022 09:52) Posted:

You so anti CDL arh or trying to influence people to throw their shareholdings and you grab it? Lolxx

Challenge you to short CDL counter Kao Kao, but you dare not.  devil

People who see value happily snap up at around $6.5 for the past 2 weeks when the opportunties come. Now recovering back towards $7 to $7.3. 

Btw, Guccoland is related to CDL. 

CDL is catching up FEO to be the larger Developer if you are unaware. Likely will overtake FEO as the larger developer. 

People who see the fundamentals and know how developers works, will not be affected by your comments.  laugh

 
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ETLee8
Master
04-Jan-2022 17:32     
 
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 Alert Admin 		Bro, I am certainly not anti-CDL.  It is one of my favourites actually.  However based on the current situation (just like SIA) it will take some time for it to recover.
We have to be realistic and not act according to herd instinct.   
Covid is still ongoing, supply chain has not completely restored, availability of raw materials and labor is still an obstacle.  All this will hinder the delivery of projects.
The cooling measures - ABSD, total borrowing limits, ...etc adds to the burden
The much pending rate hike is a dampener.
Suddenly another possible negative factor - GST increased to 9%, could further weaken property sales 
And debt still have to be paid on time ....  it is a stress moment
DYODD
 

TradeExpert      ( Date: 04-Jan-2022 09:52) Posted:

You so anti CDL arh or trying to influence people to throw their shareholdings and you grab it? Lolxx

Challenge you to short CDL counter Kao Kao, but you dare not.  devil

People who see value happily snap up at around $6.5 for the past 2 weeks when the opportunties come. Now recovering back towards $7 to $7.3. 

Btw, Guccoland is related to CDL. 

CDL is catching up FEO to be the larger Developer if you are unaware. Likely will overtake FEO as the larger developer. 

People who see the fundamentals and know how developers works, will not be affected by your comments.  laugh

 

ETLee8      ( Date: 03-Jan-2022 23:52) Posted:

If u die die must support property counters, as mentioned earlier they are many others in better state and more attractive than CDL.
Besides UOL, Tuan Sing, Bukit, take a close look at the below 3 
HO Bee      NAV $5.584          Price/NAV    0.5014
SinarMas    NAV $0.6793        Price/NAV    0.368
Guocoland  NAV $3.6046        Price/NAV    0.4217
All above 3, very low price/nav value and owner owned more than 70% of shares listed and potential candidates for delisting.

UOL            NAV 11.72              Price/NAV    0.607
CDL              NAV  9.22              Price/NAV  0.746 (already too high)
 
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tongphlp
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04-Jan-2022 10:53     
 
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 Alert Admin
 
(Bloomberg) -- Chinese developer shares tumbled following local media reports that China Evergrande Group has been ordered to tear down apartment blocks in a development in Hainan province. Evergrande halted trading in its shares.
 
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ETLee8
Master
04-Jan-2022 10:50     
 
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 Alert Admin 		RNAV is a more complex calculation requiring knowledge of additional company information.
The RNAV method requires knowledge of the development of property or company value, revaluation surplus, and outstanding shares help by investors.
Additionally, any RNAV discounts are needed to calculate the Revalued Net Asset Value correctly.
NAV is used in the company Financial Balance sheet, which is easily available information.  It is a simpler calculation that divides company assets and liabilities by the number of outstanding shares help by investors.
In short, RNAV is complex and varies depending on revaluation criterias,  expertise and market situation.

slingshotpro      ( Date: 04-Jan-2022 08:19) Posted:

Why not use rnav for property counters

ETLee8      ( Date: 03-Jan-2022 23:52) Posted:

If u die die must support property counters, as mentioned earlier they are many others in better state and more attractive than CDL.
Besides UOL, Tuan Sing, Bukit, take a close look at the below 3 
HO Bee      NAV $5.584          Price/NAV    0.5014
SinarMas    NAV $0.6793        Price/NAV    0.368
Guocoland  NAV $3.6046        Price/NAV    0.4217
All above 3, very low price/nav value and owner owned more than 70% of shares listed and potential candidates for delisting.

UOL            NAV 11.72              Price/NAV    0.607
CDL              NAV  9.22              Price/NAV  0.746 (already too high)
 
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TradeExpert
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04-Jan-2022 10:06     
 
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 Alert Admin 		If you are looking at very low price/nav value counter and owner owned more than 60% of shares listed and potential candidates for delisting.

You should look at Hong Fok (H30)
 

ETLee8      ( Date: 03-Jan-2022 23:52) Posted:

If u die die must support property counters, as mentioned earlier they are many others in better state and more attractive than CDL.
Besides UOL, Tuan Sing, Bukit, take a close look at the below 3 
HO Bee      NAV $5.584          Price/NAV    0.5014
SinarMas    NAV $0.6793        Price/NAV    0.368
Guocoland  NAV $3.6046        Price/NAV    0.4217
All above 3, very low price/nav value and owner owned more than 70% of shares listed and potential candidates for delisting.

UOL            NAV 11.72              Price/NAV    0.607
CDL              NAV  9.22              Price/NAV  0.746 (already too high)
 

ETLee8      ( Date: 03-Jan-2022 15:50) Posted:

Go and check yourselves lah.  Do not think the impact of our circuit breakers and covid heightened alerts can be forgotten easily to these people.
It has been very challenging for many of them
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TradeExpert
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04-Jan-2022 09:52     
 
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 Alert Admin 		You so anti CDL arh or trying to influence people to throw their shareholdings and you grab it? Lolxx

Challenge you to short CDL counter Kao Kao, but you dare not.  devil

People who see value happily snap up at around $6.5 for the past 2 weeks when the opportunties come. Now recovering back towards $7 to $7.3. 

Btw, Guccoland is related to CDL. 

CDL is catching up FEO to be the larger Developer if you are unaware. Likely will overtake FEO as the larger developer. 

People who see the fundamentals and know how developers works, will not be affected by your comments.  laugh

 

ETLee8      ( Date: 03-Jan-2022 23:52) Posted:

If u die die must support property counters, as mentioned earlier they are many others in better state and more attractive than CDL.
Besides UOL, Tuan Sing, Bukit, take a close look at the below 3 
HO Bee      NAV $5.584          Price/NAV    0.5014
SinarMas    NAV $0.6793        Price/NAV    0.368
Guocoland  NAV $3.6046        Price/NAV    0.4217
All above 3, very low price/nav value and owner owned more than 70% of shares listed and potential candidates for delisting.

UOL            NAV 11.72              Price/NAV    0.607
CDL              NAV  9.22              Price/NAV  0.746 (already too high)
 

ETLee8      ( Date: 03-Jan-2022 15:50) Posted:

Go and check yourselves lah.  Do not think the impact of our circuit breakers and covid heightened alerts can be forgotten easily to these people.
It has been very challenging for many of them
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TradeExpert
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04-Jan-2022 09:41     
 
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 Alert Admin 		BINGO!  yes

pasttime      ( Date: 02-Jan-2022 23:26) Posted:

land banking is not just keep land. as long as one has control over when to develop the land.
like build hotel then load into reits. so can collect income, the land that hotel sits on will increased
in value over time. especially those freehold one.
canninghill piers is a good example as well.  central mall, etc.
one can also see these in other developers.all are correct is just the time frame.
traders and hedge fund are short term so they see covid as a threat. sell.
investors look at it as opportunity as value will appear with low price. so can buy cheap. 
in my opinion just collect the div over the next few years and when sentiment changed the return will be big.
short term or long term the return is about the same. short term buy sell has to be very agile. cost of transactions eats into profit.
retailers disadvantage. so will not play the game. long term just need to ask a few critical questions. is there value, is there
a way to realize the value. is the work to realize value happening. will the company go under? adjust along the way as events happen.
those noise about high debt etc. a lot are non sense. some by troll to create traffic, some by mouth peice to create fear or greed. one has to know what one buy and be steady. forum are for fun talk only, entertainment. not to be too serious.



 

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slingshotpro
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04-Jan-2022 08:19     
 
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 Alert Admin 		Why not use rnav for property counters

ETLee8      ( Date: 03-Jan-2022 23:52) Posted:

If u die die must support property counters, as mentioned earlier they are many others in better state and more attractive than CDL.
Besides UOL, Tuan Sing, Bukit, take a close look at the below 3 
HO Bee      NAV $5.584          Price/NAV    0.5014
SinarMas    NAV $0.6793        Price/NAV    0.368
Guocoland  NAV $3.6046        Price/NAV    0.4217
All above 3, very low price/nav value and owner owned more than 70% of shares listed and potential candidates for delisting.

UOL            NAV 11.72              Price/NAV    0.607
CDL              NAV  9.22              Price/NAV  0.746 (already too high)
 

ETLee8      ( Date: 03-Jan-2022 15:50) Posted:

Go and check yourselves lah.  Do not think the impact of our circuit breakers and covid heightened alerts can be forgotten easily to these people.
It has been very challenging for many of them
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ETLee8
Master
03-Jan-2022 23:52     
 
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 Alert Admin 		If u die die must support property counters, as mentioned earlier they are many others in better state and more attractive than CDL.
Besides UOL, Tuan Sing, Bukit, take a close look at the below 3 
HO Bee      NAV $5.584          Price/NAV    0.5014
SinarMas    NAV $0.6793        Price/NAV    0.368
Guocoland  NAV $3.6046        Price/NAV    0.4217
All above 3, very low price/nav value and owner owned more than 70% of shares listed and potential candidates for delisting.

UOL            NAV 11.72              Price/NAV    0.607
CDL              NAV  9.22              Price/NAV  0.746 (already too high)
 

ETLee8      ( Date: 03-Jan-2022 15:50) Posted:

Go and check yourselves lah.  Do not think the impact of our circuit breakers and covid heightened alerts can be forgotten easily to these people.
It has been very challenging for many of them.

pasttime      ( Date: 03-Jan-2022 14:55) Posted:

" many developers in sg has cash flow problem" .  many refers to which one in your opinion?
or just your imaginations. or your bankers tell you
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ETLee8
Master
03-Jan-2022 15:50     
 
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 Alert Admin 		Go and check yourselves lah.  Do not think the impact of our circuit breakers and covid heightened alerts can be forgotten easily to these people.
It has been very challenging for many of them.

pasttime      ( Date: 03-Jan-2022 14:55) Posted:

" many developers in sg has cash flow problem" .  many refers to which one in your opinion?
or just your imaginations. or your bankers tell you?

ETLee8      ( Date: 03-Jan-2022 13:08) Posted:

Many developers in SG are having cash flows issues.  They hv to resort to selling properties here and there to gather sufficient cash to pay off their loans.
Situation is not so rosy as painted by many analysts.  Construction delays, shortage of manpower, shortage of raw materials, high cost of constructions, supply chain problems are some of the issues cited.  Hopefully there are no corners cut otherwise more issues may surface in the near future.
Trade with caution.

DYOD
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pasttime
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03-Jan-2022 14:55     
 
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Yells: "gold silver are real money. not others iou."
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 Alert Admin 		" many developers in sg has cash flow problem" .  many refers to which one in your opinion?
or just your imaginations. or your bankers tell you?

ETLee8      ( Date: 03-Jan-2022 13:08) Posted:

Many developers in SG are having cash flows issues.  They hv to resort to selling properties here and there to gather sufficient cash to pay off their loans.
Situation is not so rosy as painted by many analysts.  Construction delays, shortage of manpower, shortage of raw materials, high cost of constructions, supply chain problems are some of the issues cited.  Hopefully there are no corners cut otherwise more issues may surface in the near future.
Trade with caution.

DYODD

pasttime      ( Date: 02-Jan-2022 23:26) Posted:

land banking is not just keep land. as long as one has control over when to develop the land.
like build hotel then load into reits. so can collect income, the land that hotel sits on will increased
in value over time. especially those freehold one.
canninghill piers is a good example as well.  central mall, etc.
one can also see these in other developers.all are correct is just the time frame.
traders and hedge fund are short term so they see covid as a threat. sell.
investors look at it as opportunity as value will appear with low price. so can buy cheap. 
in my opinion just collect the div over the next few years and when sentiment changed the return will be big.
short term or long term the return is about the same. short term buy sell has to be very agile. cost of transactions eats into profit.
retailers disadvantage. so will not play the game. long term just need to ask a few critical questions. is there value, is there
a way to realize the value. is the work to realize value happening. will the company go under? adjust along the way as events happen.
those noise about high debt etc. a lot are non sense. some by troll to create traffic, some by mouth peice to create fear or greed. one has to know what one buy and be steady. forum are for fun talk only, entertainment. not to be too serious.



 


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ETLee8
Master
03-Jan-2022 13:08     
 
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 Alert Admin 		Many developers in SG are having cash flows issues.  They hv to resort to selling properties here and there to gather sufficient cash to pay off their loans.
Situation is not so rosy as painted by many analysts.  Construction delays, shortage of manpower, shortage of raw materials, high cost of constructions, supply chain problems are some of the issues cited.  Hopefully there are no corners cut otherwise more issues may surface in the near future.
Trade with caution.

DYODD

pasttime      ( Date: 02-Jan-2022 23:26) Posted:

land banking is not just keep land. as long as one has control over when to develop the land.
like build hotel then load into reits. so can collect income, the land that hotel sits on will increased
in value over time. especially those freehold one.
canninghill piers is a good example as well.  central mall, etc.
one can also see these in other developers.all are correct is just the time frame.
traders and hedge fund are short term so they see covid as a threat. sell.
investors look at it as opportunity as value will appear with low price. so can buy cheap. 
in my opinion just collect the div over the next few years and when sentiment changed the return will be big.
short term or long term the return is about the same. short term buy sell has to be very agile. cost of transactions eats into profit.
retailers disadvantage. so will not play the game. long term just need to ask a few critical questions. is there value, is there
a way to realize the value. is the work to realize value happening. will the company go under? adjust along the way as events happen.
those noise about high debt etc. a lot are non sense. some by troll to create traffic, some by mouth peice to create fear or greed. one has to know what one buy and be steady. forum are for fun talk only, entertainment. not to be too serious.



 

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pasttime
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02-Jan-2022 23:26     
 
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Yells: "gold silver are real money. not others iou."
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 Alert Admin 		land banking is not just keep land. as long as one has control over when to develop the land.
like build hotel then load into reits. so can collect income, the land that hotel sits on will increased
in value over time. especially those freehold one.
canninghill piers is a good example as well.  central mall, etc.
one can also see these in other developers.all are correct is just the time frame.
traders and hedge fund are short term so they see covid as a threat. sell.
investors look at it as opportunity as value will appear with low price. so can buy cheap. 
in my opinion just collect the div over the next few years and when sentiment changed the return will be big.
short term or long term the return is about the same. short term buy sell has to be very agile. cost of transactions eats into profit.
retailers disadvantage. so will not play the game. long term just need to ask a few critical questions. is there value, is there
a way to realize the value. is the work to realize value happening. will the company go under? adjust along the way as events happen.
those noise about high debt etc. a lot are non sense. some by troll to create traffic, some by mouth peice to create fear or greed. one has to know what one buy and be steady. forum are for fun talk only, entertainment. not to be too serious.



 
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cloudy.mountain
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02-Jan-2022 00:56     
 
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 Alert Admin 		i think this characterisation of SG developers is not really accurate. do bear in mind there is such as a thing as ABSD and QC. there is no such thing as land banking already.

CDL' s model is quite obvious in the sense that they basically depend on churn as well. this means that they have to maintain a certain level of residential development activity in order to maintain profits. and this is getting harder to maintain because cooling measures basically destroyed enbloc activity and if all developers have to replenish land bank that means GLS prices will be more competitive.

the only spark for a turn around right now is really for COVID to die down and for their hotel operations to rebound. that will give CDL more breathing space to pay down debt and think hard about how to recycle capital faster

pasttime      ( Date: 01-Jan-2022 23:00) Posted:

sin city developers are more like land bankers then develop at opportunity time.
high churn chinese developers are more like manufacturing. quick buy land, quick build, quick sell. quick borrow money, borrow and borrow even if interest rate no make sense, then finally hit the block after chinese gov draw 3 red line. things are changing as they realised that measure may be too tough.
chinese local governments has started not to use land sale as part of their normal spending. 
the change means down the road, there will be shortage of new build.
not all chinese developers are high churn type. some state own one like.china oversea are doing well.
basically developers has to adjust to more like build, hold, rent type of model. how to hold will be the challenge. they are also starting to emphazie on reits. starting with infra related type. 

uiop1223      ( Date: 01-Jan-2022 13:15) Posted:

Crazy.. china developers all crying. What makes CDL think they can do better than native chines
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