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SingHaiyi
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Joelton
Supreme |
15-Apr-2026 12:12
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SingHaiyi&rsquo s Vela Bay condo in Bayshore opens for sale, with prices starting at S$1.2 million The 515-unit project&rsquo s public preview has drawn nearly 8,000 visitors [SINGAPORE] Previews for SingHaiyi&rsquo s new Bayshore condominium Vela Bay have begun, with prices starting at S$1.2 million. Located along Bayshore Walk in District 16, the 99-year leasehold development houses 515 units across two 31-storey blocks. It spans a total land area of 10,497 square metres (sq m), with a gross floor area of 47,442 sq m and gross plot ratio of 4.2. Prices for one-bedders of 484 square feet (sq ft) start at S$1.2 million, which works out to S$2,480 per square foot (psf). Two-bedders, ranging from 592 to 689 sq ft, are priced from S$1.4 million or around S$2,400 psf. Three-bedders of 883 to 1,033 sq ft start at S$2.2 million, translating to roughly S$2,490 psf. Four-bedroom units, sized between 1,173 and 1,378 sq ft, are priced from S$3.1 million or about S$2,640 psf, while five-bedders of 1,582 sq ft start at S$4.5 million or around S$2,840 psf. The project also includes two penthouses of 1,765 sq ft each, though indicative pricing has not been released. The developer has yet to release an average psf pricing for Vela Bay, too. Market watchers expect the number to range from S$2,600 to S$2,800 psf. Of the 515 units, more than 70 per cent &ndash 372 units &ndash are two and three-bedders. Four-bedders account for 88 units (17.1 per cent), followed by 27 one-bedders (5.2 per cent) and 26 five-bedders (5 per cent). SingHaiyi said Vela Bay&rsquo s public preview, which began on Saturday (Apr 11), drew nearly 8,000 visitors over the weekend. It expects demand from a broad mix of buyers, including investors, upgraders and families from nearby landed housing enclaves. Potential buyers may also include those who missed out on units at the nearby Seaside Residences when it launched in 2017, SingHaiyi added. The project is Gallant Tang&rsquo s first successful tender bid before taking on SingHaiyi&rsquo s group CEO role in April 2025. The group outbid seven others for the Bayshore site &ndash the first state land parcel to be offered in the new Bayshore precinct &ndash in March 2025, with a S$658.9 million offer. This translates to a land rate of S$1,388 psf per plot ratio. Figures from URA Realis showed just two transactions for new non-landed private homes, excluding executive condominiums, in Vela Bay&rsquo s vicinity in the year thus far, with a median price of S$2,598 psf. Most recently, in mid-March, a 764 sq ft unit at the freehold Bagnall Haus changed hands at S$1.9 million or S$2,540 psf. Meanwhile, sub-sales and resales of non-landed private homes in the area recorded a median price of S$1,550 psf in that time. The latest transaction in early April was for a 1,227 sq ft unit at the 99-year leasehold Casa Merah for S$1.9 million or S$1,548 psf. Sales bookings for Vela Bay will start on Apr 25. |
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whereru
Senior |
29-Jan-2022 06:30
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To be Delisted on 31 Jan 22, when will we get back the money for our shares? | ||||
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gosharej
Senior |
11-Jan-2022 10:14
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agree with you. It was planned long time ahead to eat up small investors money. The stock was pressed down to 6 cents and then, they keep buy in and increased their holding % and then say 90% means qualify for fully delist. They suspense the stock now as the stock is much profitable now. Don' t want to let retailer see the results. SGX should investigate and black list them. SGX should set new rule to control this kind of bad motive, it should not allow and grant more than 90% means sure 100% delist. It should request if this is the intend, then the owner should delist at at least NAV(which is higher than the 0.117) and no force delist can be granted, also must show the upcoming financial report for approval.
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fishsoup84
Member |
11-Jan-2022 09:22
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Didn' t George Bush Jnr' s brother own this share? 
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MakeChanges
Elite |
11-Jan-2022 07:38
Yells: "No price is too low for a bear or too high for a bull" |
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SUSPENDED !!! | ||||
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Joelton
Supreme |
18-Dec-2021 11:08
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SingHaiyi loses free float, to delist after offer secures 95.8% valid acceptances
MAINBOARD-LISTED property developer SingHaiyi SingHaiyi: 5H0 -0.85% on Friday (Dec 17) morning said it has lost its free float and will be delisted, as its controlling shareholders' voluntary unconditional cash offer secured 95.8 per cent valid acceptances as at 6 pm on Thursday (Dec 16).
This means less than 10 per cent of SingHaiyi shares are now held by the public.
To recap, SingHaiyi on Nov 9 received the privatisation offer from its owners Gordon and Celine Tang for S$0.117 per offer share in cash, representing a significant 21.8 per cent discount to the group' s net asset value per share of S$0.1496 as at end-September 2021.
Shares of the company hit a 3.5-year high on the morning of Nov 10, following news of the offer.
The offer remains open for acceptance until its final closing date on Jan 10, 2022, when trading of SingHaiyi shares will be suspended.
The Tangs intend to exercise their rights of compulsory acquisition and delist the company following the offer' s close.
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fun2av66
Member |
09-Dec-2021 08:07
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ah tiong blood sucker...will hold till die... | ||||
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ysh2006
Supreme |
07-Dec-2021 14:12
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Sure, they said clearly already once 90% .....don' t fight a losing battle, with 92% in hand, game over already (I think only)
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enicrasac
Member |
07-Dec-2021 10:28
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Is singhaiyi going to be delisted? | ||||
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badbad2000
Member |
07-Dec-2021 10:12
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We should wait. 0.117 is really not a good price as suppose to be a profit year | ||||
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gosharej
Senior |
07-Dec-2021 09:06
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ysh2006
Supreme |
07-Dec-2021 06:29
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Need to wait another one month it will force buy from you but money wait long long till they everything settled.
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enicrasac
Member |
06-Dec-2021 23:21
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Hi all, What will happen to the shares if we do not accept the voluntary cash offer at $0.117? Is the company going to delist? Tia | ||||
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tofudidi
Supreme |
09-Nov-2021 19:55
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OKH rocket!!!
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gosharej
Senior |
09-Nov-2021 19:46
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offer price should be at least 10% - 15% above nta than may consider!! Their existing projects should be all near fully sold, do expect the results is good, and have good profit!
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tankoksee
Supreme |
09-Nov-2021 18:45
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22% discount to nta..la
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Goldfinger
Supreme |
09-Nov-2021 17:53
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Woohoo, another lowball offer. Hard to resist. | ||||
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tankoksee
Supreme |
09-Nov-2021 16:18
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do it for okh global oso?
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tankoksee
Supreme |
09-Nov-2021 16:05
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what price to convert...? nearer 6 cts or 5 cts? then GO..lor |
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tankoksee
Supreme |
09-Nov-2021 16:01
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more than that with the co. loans...almost can jz take over at ease.. $40 mio loan..converted to shares...nothing left jz walk over..la
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