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HendriJB
Supreme |
08-Nov-2018 10:03
Yells: "Breathe, Step Back - Think " |
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Singapore Property Buyers spoilt for choice Analyst
New launches still seeing respectable sell-through rates Kent Ridge Hill Residences launch is reportedly delayed. The three properties launched for sale moved quite a respectable number of units despite the uncertainty brought about by the most recent government measure in October 2018. Whistler Grand by City Developments sold 160 units (22% sales take-up on total units, 67% of launched units), Arena Residences by Roxy-Pacific sold 40 units (41% sold) and Belgravia Green by Tong Eng Group (strata landed) sold 27 units (33% sales take-up). Priced to sell at close to the launch price of Twin Vew, we thought the strategy to &ldquo price to sell&rdquo by CDL worked somewhat, with momentum achieved at launch weekend. Depending on further take-up rates in the coming weeks, we believe that CDL could look to start raising prices in the medium term. We were pleasantly surprised with the decent sales seen at Arena Residences despite being launched for sale within a week of preview, contrary to the norm of two weeks, implying that Roxy Pacific is looking to catch the window before more launches hit the market. After some on-the-ground surveys, we understand that the interest generated was partly due to its freehold development status, near CBD location, and partly due to its strategy of launching for sale on Friday (2 November) ahead of all the property launches over the weekend with 5%+3% discounts. Roxy-Pacific has removed the 3% discount as of today (5 November). Additionally, we understand that Kent Ridge Hill Residences (by Oxley), which opened for preview on the same weekend as Whistler Grand, has postponed its official launch date. Upcoming launches &ndash Parc Esta and Mayfair Modern. We visited the showflats of Parc Esta and Arena Residences over the weekend. The 1,399-unit Parc Esta, located opposite the Eunos MRT station and one MRT station away from the Paya Lebar Quarters, drew a decent crowd at its showflat. There were queues (not too long) to enter the show units. Living up to the Hongkong Land brand name, the show units displayed a nice finishing touch. Property agents seem to be confident that the project can sell given the interests seen over the weekend and its proximity to the MRT station. Arena Residences is a boutique development which offers a freehold, residential enclave at the CBD fringe. Its roof-top facilities (including swimming pool) offers a Marina Bay view, like the Kudeta Bar at Marina Bay Sands. In the long term, it will ride on the redevelopment of Kampong Bugis. The indicative average pricing of Parc Esta is approximately S$1,600-1,700psf vs the average transacted prices of S$1,740psf and S$1,888psf at Seaside Residences (Siglap) launched in April 2017 and Park Place Residences (Paya Lebar Quarters) launched in March 2017 respectively. Units at Arena Residences were priced at an average price of approximately S$1,700-1,800psf. At this pricing, it has moved sales to 41% take-up rate. Given its large scale, Parc Esta offers the full suite of 1-bedroom (smallest - 420sqft) to 5-bedroom (largest - 1,604sqft) units. The average 3-bedroom unit has a built-up area of slightly above 1,000sqft which we reckon is decent sized. Approximately 63% of the units comprises 1- to 2-bedder types. On the other hand, given the smallish boutique project, Arena Residences only has 2- and 3-bedroom units. However, interestingly, it offers 2- and 3-bedroom dual key layouts which are attractive especially for investors. We understand that the units sold comprise mostly 2-bedroom/2-bedroom dual-key types. Separately, Mayfair Modern (phase 2 of Mayfair Gardens) by Oxley launched its 171 units priced from S$1,926psf onwards vs Mayfair Gardens, priced from S$1,800psf onwards. The average indicative prices for Mayfair Modern could be c. S$2,000-2,100psf. |
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HendriJB
Supreme |
31-Oct-2018 18:13
Yells: "Breathe, Step Back - Think " |
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Price hikes of prime properties in Singapore rally to world's highest in Q3
Prime prices grew 13% in just a year, surpassing rates in Edinburgh and Madrid The growth of prime prices in Singapore hit 13% in just a year, marking the highest rate around the world?s luxury property markets, Knight Frank revealed According to a report the steep price hikes were driven by the limited availability of prime properties and a strong market outlook in the first half of 2018. This also resulted in Hong Kong and Singapore trading places in the rankings Both cities saw cooling measures introduced over the summer months and, although the rate of annual price growth in Hong Kong has already slowed to 5.5% Singapore may not be far behind with its quarterly growth weakening to 1.7% in the third quarter of 2018 Knight Frank said Singapore also surpassed cities like Edinburgh (10.6% growth), Madrid (10.1%), and San Francisco (9.5%). Other high-ranking cities in Asia include Tokyo at fifth place with 8.5% YoY growth, Guangzhou at 10th place with 6.3% YoY growth, and Beijing at 16th place with 5.1% growth Meanwhile, the price of a luxury property jumped 2.7% on average across the 43 cities tracked by Knight Frank. This represents the index?s weakest performance in annual terms for almost six years said Kate Everett-Allen, head of Knight Frank?s International Residential Research. Buy Propnex! |
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HendriJB
Supreme |
31-Oct-2018 18:10
Yells: "Breathe, Step Back - Think " |
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Ting Ting Ting!! | ||||
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HendriJB
Supreme |
30-Oct-2018 07:44
Yells: "Breathe, Step Back - Think " |
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Buy more Propnex Stock - Good News Coming Soon! | ||||
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Agong1234
Member |
25-Oct-2018 23:50
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Yesterday (24 Oct 18) closed at 52 cents. Today (25 Oct 18) closing price 51.5 cents. Getting nearer and nearer to 50 cents
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HendriJB
Supreme |
25-Oct-2018 14:09
Yells: "Breathe, Step Back - Think " |
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Good
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HendriJB
Supreme |
25-Oct-2018 14:08
Yells: "Breathe, Step Back - Think " |
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APAC Reality went down to 0.47 Propnex stil strong and holding 0.54 |
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Agong1234
Member |
24-Oct-2018 23:20
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Going near to 50 cents soon. Might go below 50 cents.
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kerier
Veteran |
24-Oct-2018 22:42
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by gaining market share... its leading in the project launches.
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sengsk
Elite |
24-Oct-2018 19:23
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Break 0.51 Its going towards One Way Ticket 0.45 follow by 0.40 |
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alexchew
Master |
23-Oct-2018 12:49
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how will pronex grow its revenue and profit?
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HendriJB
Supreme |
23-Oct-2018 12:10
Yells: "Breathe, Step Back - Think " |
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Propnex IPO $0.66 and Today price $0.54
Every alternative days CEO buying stocks only. No debt, only good revenue coming... this Propnex will only UP |
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Agong1234
Member |
23-Oct-2018 09:34
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I didn' t look at this stock for more than 3 months. This stock has trade below 55 cents already. Which direction will the share price go? My view: probably near to 50 cents.
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Sgvale
Supreme |
23-Oct-2018 09:28
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You believe?
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lynn89
Senior |
23-Oct-2018 09:27
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Property trnasactions will be severely affected by the new cooling meaures of 6th July. | ||||
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HendriJB
Supreme |
22-Oct-2018 11:44
Yells: "Breathe, Step Back - Think " |
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PropNex says unlikely to be affected by cooling measures
By: PC Lee 22/10/18, 11:39 am SINGAPORE PropNex expects total revenue in 1H18 to be unaffected by cooling measures given renters should continue to rent, providing a recurring income stream to the group Meanwhile, it expects transactions in the landed segment to remain resilient as these properties face restrictions on foreign ownership while the HDB resale market, which sees about 20,000 transactions per year, should also remain unaffected due to natural demand According to UOB KayHian, PropNex led in 16 of the 19 projects marketed to date, closing the largest number of units. This includes 35.7% market share in terms of overall units sold for Tre Ver, 42.2% of Daintree Residences, 35.5% of Park Colonial, 41.5% of Riverfront Residences and 59.7% of Garden Residences In a Monday analyst Loke Peihao says PropNex?s strong showing is testament to the effectiveness of their training programmes, consumer seminars and their largest number of sales agents (7,565 agents as at 1 Oct 18) providing more dedicated manpower for the execution of its marketing strategy and capacity to handle higher transaction volumes. As at Oct 1st 2018 PropNex?s sales force grew by 13.1% ytd to 7,565 agents (vs 4.0% ytd by ERA). Compared to ERA (6,117 agents), PropNex is now 24% larger by agent numbers. In 9M18 PropNex was involved in 19 launches with 8,779 units The company also has a strong pipeline of mandates going forward from 2H18/19 with close to 9,843 units. Seven new projects with total of 3,173 units will be lined up for the rest of 2018, and another 10 projects with total of 6,670 units are scheduled for 2019 According to UOB channel checks some of the base commissions on launch weekends have increased by 50% on average, compared to that for projects a year ago. Given that projects are competing for the same pool of buyers, developers are increasingly locked into a tit-for-tat in commissions to incentivise agents to bring clients in Maintain buy and target price of $0.65, based on FY19F earnings of 10x with reference to its closest comparable, Apac Realty says Loke Year to date shares in PropNex have fallen by 25% to 54 cents |
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HendriJB
Supreme |
19-Oct-2018 17:48
Yells: "Breathe, Step Back - Think " |
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Propnex TP 0.62
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HendriJB
Supreme |
19-Oct-2018 11:56
Yells: "Breathe, Step Back - Think " |
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Buy! BUY!!! | ||||
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HendriJB
Supreme |
12-Oct-2018 08:43
Yells: "Breathe, Step Back - Think " |
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Hi Friends,
*BREAKING NEWS!* DOW FUTURES UP MORE THAN +150 POINTS WHILE NASDAQ100 FUTURES UP MORE THAN 50 POINTS THIS MORNING. BULL-RUN STILL CONTINUES .... :)) Cheers! |
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Sgvale
Supreme |
28-Sep-2018 13:13
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Listed 0.66. Now submarine. | ||||
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