Category: Real Estate Developer

Property happenings January 2019

Taking some leisure time to off in this CNY eve. In this post, I will share the implication on the acquisition of Ascendas by Capitaland and give an update on the local property scene. Property hunters will be spoilt for choice in the year of the Pig with several mega launch expected from the en

Property happenings – week ending 13 January 2019

Oxley – Sale of hotel asset The more significant happenings this week is the news that Oxley Holdings has accepted a letter of intent to sell its Mecure and Novotel hotels along Stevens Road for S$950 million. Oxley was the accumulated significant investments in the en bloc wave that hit the Singapore market in 2017/2018

Real estate developer (with case study at June 2018)

The business model for a real estate developer is that of building and selling of properties. Hence, the key performance metrics of a developer is the ability to procure all raw materials (land, construction cost etc.) and sell to the end consumer at a reasonable margin (or otherwise known as the developer margin).Developer has to

What real estate players are saying at 31 December 2017

The results seasons has come to a close for 31 December 2017. In this blog post, I have extracted the relevant information from the announcement of the real estate players, with focus on residential development and office sector. I will share interesting titbits that I discover as well which hopefully will give investors of shares

Taking stock on developer stocks rally

Taking stock on developer stocks rally I have mentioned in my previous post on my position in developer stocks to ride the rising land price cycle. The focus for me was on companies that got their land bid in 2016 when land price was still relatively depressed and the en bloc party was but a

En bloc party

Take stock on the en-bloc party You know it is not business as usual when you see news on successful en-bloc every other week. Digging into Singapore real estate archives, such active en-bloc “party” was not seen since the 2006 – 2007. The by-product of the last boom are developments like d’Leedon (former Farrer Court) and Interlace (Gillman Heights). Transaction

Guocoland Beach Road foray

On 29 September Guocoland nets a top bid of $1.62 billion for a 2 ha site at Beach Road or $1,706 per sqft per plot ratio. My immediate thoughts or more aptly action: “jaw dropping”. To put it in perspective, the market capitalisation for Guocoland is about $2.5 billion and this bid price on land

Goodland Group Limited

Value analysis on property development company – Goodland Group Limited 1.      Balance sheet analysis Key value indicator: Net current assets: $176,768k Do note that out of the net asset of $236,880k, equity attributable to shareholders of the Group is 190,748 arising from its non-wholly owned subsidiaries in Malaysia (Banyan Housing Development Sdn Bhd and T-City Sdn

Real Estate Developer

Real estate development business is a popular business venture for a number of companies, from the traditional developers: Far East, UOL, Capitaland and Fraser Centrepoint to the “converts” which are usually from companies that operate in related businesses such as construction: Chip Eng Seng and Low Keng Huat. It is also not hard to find