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Pacific Radiance Turning Bullish.See Chart.
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tangsookiam1947
Master |
20-Nov-2016 14:30
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http://grandeur-park-residences.com.sg/ Going to be lauched soon in early 2017. One of the most prime piece of land in District 16. EPS > 10 cents easily. |
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tangsookiam1947
Master |
14-Nov-2016 21:51
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Launch of two new property development projects by July 2017 is expected to add S$1.2 billion in GDV as existing inventory begins to thin CES is on track to launch two new property development projects in Singapore and Australia in 1H17 and 2H17 respectively, as existing inventory of unsold development units is thinning out. Most of its development projects are close to fully sold (High Park Residences: 98.8%) except for Fulcrum (41%) and Willow Apartments (c.50%). Considering the smaller gross development value (GDV) of Willow Apartments (A$32 million), it will not be a significant contributor to revenue as compared to other projects with higher GDV such as High Park Residences (S$600 million based on CES&rsquo 60% share) and Fulcrum (S$200 million). Hence, the only major contributing project remaining is Fulcrum where it has 59% of units left for sale translating to S$118 million in GDV by our estimates. The GDV attributable from Fulcrum alone made up close to twice of the revenue from the Group&rsquo s property development (S$67.9 million) in 3Q16. We estimate the two new development projects to be launched in FY17 to add a GDV of c.S$1.2 billion. |
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tangsookiam1947
Master |
14-Nov-2016 21:46
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Chip Eng Seng &ndash Development sales expected to pick Recommendation: Accumulate (Upgraded), Last Close Price: S$0.625 Target Price: S$0.72, Analyst: Peter Ng &bull Fulcrum is 41.4% sold slowness in sales expected amid competition but expect further price cuts &bull Revision on Willow Apartments&rsquo floor plans to accommodate buyer&rsquo s preference for larger units Tower Melbourne litigation issue ongoing with appeal filed against development &bull Launch of two new property development projects by July 2017 is expected to add S$1.2 billion in GDV as existing inventory begins to thin &bull Order book boosted by two construction segment contract |
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tangsookiam1947
Master |
11-Nov-2016 21:55
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NOVEMBER 2016
PROJECT UPDATE. CEL Australia continues to be committed to the successful delivery of Tower Melbourne. We understand that the delays resulting from the protection works dispute with the adjoining owner have been frustrating for all concerned with this great project.
While the legal process continues to be ongoing, progress through this process is being made and we are confident of our ultimate success.
While we are not yet able to confirm when we will be able to recommence work on site, our expectation is that 2017 will see substantial demolition and construction works commenced and carried out. Tower Melbourne is widely recognised as setting the standard in central Melbourne apartment design and once completed will be a truly iconic piece of the Melbourne skyline. Therefore, while we understand and share your frustration with the delays to date, we again take this opportunity to share our continued commitment to resolution of this issue as soon as the legal process allows. Once again thank you for your continued patience and understanding. |
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tangsookiam1947
Master |
03-Nov-2016 10:45
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Junction 9 already TOPed long time ago. Now is the High Park Residence which is close to 100% sold. http://www.squarefoot.com.sg/trends-and-analysis/residential?p=high-park-residences just to recap the news back in July 2015. http://www.straitstimes.com/business/property/fernvale-condo-draws-keen-buyers |
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edwinjup
Supreme |
03-Nov-2016 09:59
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Just tikam some..play for juntion 9 commerical top.and 4c div...lol | ||||
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tangsookiam1947
Master |
26-Oct-2016 19:04
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As an investment destination, the Maldives provides a transparent policy-making environment and generous incentives for foreigners, including full ownership rights, legally-backed investment guarantees and the ability to fully repatriate profits. This paired with its positive economic outlook is attracting Asian investors seeking to enter the international market,& rdquo says Nihat Ercan, Executive Vice President, JLL Hotels & Hospitality Group, Asia. As a result, we are starting to notice a rising trend of Southeast Asian, and in particular Singaporean property developers, who are drawn to the market because it offers high yields underpinned by healthy trading fundamentals. |
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tangsookiam1947
Master |
24-Oct-2016 10:08
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Chip Eng Seng partners with Park Hotel Group to buy Maldives resortThe total acquisition cost is $89m. Singapore construction and property group Chip Eng Seng Corporation Ltd will make its foray into the Maldives together with Singapore-based Park Hotel Group with the acquisition of Kodhipparu Island Resort for US$65 million (S$89 million). JLL was exclusive advisor on behalf of the resort owner, Kodhipparu Investment Private Limited. Located in the North Malé Atoll, the resort has 120 villas and is a 15-minute speedboat ride from Malé International Airport. Set to open in second quarter of 2017, the resort is under development by world-renowned hospitality design firm Hirsch Bedner Associates, and will offer two restaurants, a harbour beach club, an infinity pool and bar as well as comprehensive spa facilities. The Resort will be managed by Park Hotel Group as Grand Park Kodhipparu, Maldives as the Group enters Indian Ocean&rsquo s most dynamic hotel market. &ldquo As an investment destination, the Maldives provides a transparent policy-making environment and generous incentives for foreigners, including full ownership rights, legally-backed investment guarantees and the ability to fully repatriate profits. This paired with its positive economic outlook is attracting Asian investors seeking to enter the international market,&rdquo says Nihat Ercan, Executive Vice President, JLL Hotels & Hospitality Group, Asia. &ldquo As a result, we&rsquo re starting to notice a rising trend of Southeast Asian, and in particular Singaporean property developers, who are drawn to the market because it offers high yields underpinned by healthy trading fundamentals.&rdquo Excluding the Kodhipparu sale, the Maldives has seen more than US$120 million in investment transactions so far in 2016. Tourist numbers to the island nation reached 1.23 million in 2015, a 2.4 percent increase on the previous year according to JLL&rsquo s report Hotel Destinations Indian Ocean. |
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tangsookiam1947
Master |
24-Oct-2016 09:18
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High Park Residence - 98.8 % sold as of end Sept 2016 => will this translate into very strong Q3/Q4 2016 earnings for CES? Will this support earning visibility and dividend of 4 cents for the next 2 years? The euphoria from the Maldives hotel development seemed to be over? |
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tangsookiam1947
Master |
14-Oct-2016 19:07
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Can u share the UOBKH report ? tks.
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charliel3ong
Senior |
14-Oct-2016 15:48
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CES reported on UOBKH research report. watch out for price movement prior to earnings report soon. |
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blurtrader
Master |
14-Oct-2016 15:36
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ripe liao |
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tangsookiam1947
Master |
11-Oct-2016 22:28
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what is so great about the resort? CES cannot even breakeven for its current Alex hotel? |
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Lionel84
Member |
11-Oct-2016 21:51
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Because of the Maldives resort? | ||||
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tangsookiam1947
Master |
11-Oct-2016 20:57
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CES seemed to be trading with high volume these few days...Any good news coming up? |
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brchkho1
Master |
10-Aug-2016 08:59
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Most of SG people are property owners, other than those who have not committed to any. These owners would have been informed by the agents or lawyer of this situation, back out before exercising option, buyer loose the option deposit under resale deals and 25% of the option deposit if property is bought from licenced developers. The S& P is contractual.
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edwinjup
Supreme |
09-Aug-2016 21:49
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Unlikely....they even plan to spin off subsidiary...they not even hold above 50%....likely delist lkh or guocoland
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tangsookiam1947
Master |
09-Aug-2016 21:38
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Is CES next? ___ A CONSORTIUM led by the founder of Sim Lian Group (SLG) is seeking to take the property developer private.
In a release to the Singapore Exchange (SGX) on Monday night, Coronation 3G said it is making a voluntary conditional cash offer of S$1.08 per share for all the outstanding shares in SLG that it doesn' t already own or has agreed to acquire.
It has secured irrevocable undertakings representing 80.36 per cent of the total number of issued shares in SLG from Sim Lian Holdings and a number of individuals from the Kuik family.
The offer price, which is final, represents a premium of 14.9 per cent over the last traded price of S$0.94 per share on Aug 4.
Coronation 3G is a Singapore-incorporated investment holding company owned by the Kuik family and led by Kuik Ah Han, founder and executive chairman of SLG.
" Coronation 3G believes that the offer presents SLG shareholders with a compelling cash exit opportunity given the illiquidity of its shares," it said, pointing out that the shares have not traded at or above the offer price since its listing in 2000.
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chiplee
Member |
06-Aug-2016 00:16
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In that case, any idea what does Aspial' s 1.8 billion of assets comprise? they state that there is 600 million of singapore related condo payments due. Aside from their stake in AF Global, and the aussie condo plots, i cannot figure out how they can reach 1.8 billion in assets. thanks again. |
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tangsookiam1947
Master |
05-Aug-2016 22:02
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probably not included. For australia, buyers only pay the initial 10%, and the remaing amt is only paid up when project TOPs.
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