Month: May 2018

Real estate 101

Business model The main variations in the business model of a real estate company is typically that of: Acquiring to sell (i.e. developer): A typical example would be property developers bidding for land and selling a finished product (e.g.: residential units) to end consumer. Acquiring to rent (i.e. landlord): In the context of Singapore, property

Dissecting BreadTalk’s property and F&B business

Following my earlier post on BreadTalk, it is evident that the BreadTalk’s investments in various property interests has begun to bear fruit. In this blog post, I aim to find out what is the intrinsic value of BreadTalk’s property interest and thereafter evaluate the valuation of the BreadTalk F&B business. The main reason why the