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Second Chance Properties - En Bloc 👍
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ysh2006
Supreme |
19-Feb-2020 09:00
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Is it wrt can sell but cannot convert ?....ex at 25c but usually expired worthless for the last batch wrt.
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SmallSmall
Supreme |
19-Feb-2020 08:53
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Mohamed Salleh S/O Kadir Mohideen Saibu Maricar keep buying the mother shares the last few weeks but price not moving. If the company can monetise their properties holdings at Sim Lim and City Plaza, the shares should outperform and the warrants would be pulled up along (even though they are European style) Vested some warrants (can sit for 3 years) to write off or huat :) |
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SmallSmall
Supreme |
17-Feb-2020 11:23
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Could be major shareholder selling the warrants
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SmallSmall
Supreme |
17-Feb-2020 11:21
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3 Year no time value ah? This warrant is European style. Cannot convert till 3 months before expiry. For info. DYODD
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SmallSmall
Supreme |
11-Feb-2020 09:16
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New bonus warrants llisted. Old ones delisted. Don' t sell wrongly. | ||||
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abcinc
Member |
10-Feb-2020 09:20
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Thanks Veteran, for the explaination | ||||
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hohokit
Veteran |
09-Feb-2020 00:12
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You need to convert to main share before it expire on 23 Jan 2020 and the conversion price is 25 cents per share or sell it before it expired.
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abcinc
Member |
08-Feb-2020 15:11
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Hey Guys, Can I check on something, previously when 2nd chance issue the bonus warrant, i did not subscribe, but I just realized my current owning of 2nd chance shares has been removed from my CDP, any kind soul can explain to me why? 2NDCHANCEW200123 Balance B/F 400,000 30/01/2020 Securities Expired -400,000 Thank you so much |
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ozone2002
Supreme |
29-Dec-2019 16:06
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Second Chance Properties 1Q net profit surges to $2.12 mil on absence of fair value loss  SINGAPORE (Dec 27): Second Chance Properties, the property owner and retailer of gold ornaments and  baju kurung, reported a net profit of $2.12 million in 1QFY2019 ended November, versus t |
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Qanghoo
Supreme |
01-May-2019 12:45
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En bloc sale proceeding.  Hope for +ve news n SD in a few mths .....
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Qanghoo
Supreme |
21-Mar-2019 11:25
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Pretty positive news.  If embloc passes, likely have nice SD .....
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SmallSmall
Supreme |
21-Mar-2019 09:49
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Second Chance has 12 units.   1 Rochor Canal Road #05-36 Sim Lim Square   1 Rochor Canal Road #05-53 Sim Lim Square   1 Rochor Canal Road #05-54 Sim Lim Square   1 Rochor Canal Road #05-60 Sim Lim Square   1 Rochor Canal Road #05-61 Sim Lim Square   1 Rochor Canal Road #05-62 Sim Lim Square   1 Rochor Canal Road #05-63 Sim Lim Square   1 Rochor Canal Road #05-64 Sim Lim Square   1 Rochor Canal Road #05-65 Sim Lim Square   1 Rochor Canal Road #05-72 Sim Lim Square   1 Rochor Canal Road #05-73 Sim Lim Square   1 Rochor Canal Road #05-74 Sim Lim Square
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SmallSmall
Supreme |
21-Mar-2019 09:29
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SINGAPORE - Sim Lim Square, Singapore' s gadget hub in Rochor Canal Road, is set to enter the collective sale market after more than 80 per cent of its owners consented to the sale. The figures, 80.82 per cent by share value and 81.43 per cent by strata area, were confirmed on Tuesday (March 19). This comes after the  initial asking price of $1.1 billion  was raised to $1.3 billion on Feb 1. The aim is to put the site for tender by the end of next month, said marketing agent SLP Scotia, which declined to reveal the reserve price. The move comes on the back of the transaction of freehold Golden Wall Centre, also located in Rochor. The site was  sold at $276.2 million ($2,331 per sq ft per plot ratio) last November. The chairman of Sim Lim Square' s collective sale committee (CSC), Mr Vikas Gupta, explained the higher asking price. " The consensus was that the market was doing better than when we first decided on the asking price of $1.1 billion early last year," he said.  
 
" We saw transactions like Golden Wall and we believe we are a better site with MRT connection as well as a square plot with two main roads. So our price is quite a competitive one," added Mr Gupta, 31, who is manager of Sim City Specialty Group, which owns 40 units at the six-storey mall. Mr Gupta said he felt great relief that the 80 per cent has been achieved. " It' s been almost two years since the (collective sale) committee was set up, and there were a lot of owners who were doubting if we could do it at first. But even the initial doubters supported us in the end. Some were surprised how we got the 80 per cent." He said that more details on the land rate and tender will be made known in about six weeks. Property expert Chris Koh, director at real estate consultancy Chris International, said the question is whether developers will be interested. " There are a lot of en-bloc projects raising prices to get the owners to sign. But it' s not so much the asking prices but rather whether developers will bite," he said. " Developers are getting picky and have a fixed budget." However, Mr Koh added: " Despite this, I' m optimistic (for Sim Lim Square) because of the location, as sites in this area are rarely available." The 99-year leasehold building with 492 units was completed in 1987. It has a land size of 7,260 sq m. |
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whereru
Senior |
15-Mar-2018 07:35
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Hosay liao.... Sim Lim Sq enbloc $1.1b coming. second chance potentially $40mil profits  |
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HendriJB
Supreme |
20-Dec-2017 17:13
Yells: "Breathe, Step Back - Think " |
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City Plaza owners make collective sale attempt - across  the road from the future Paya Lebah Quater and ONE KM Mall. " We are making a final decision on the appointment of a consultant  and lawyer and will make an announcement soon," says Derrick Chan, chairman of the collective sale committee.  Built in  1981, the  18-storey freehold mixed-use development has a total of 531 units (465 strata retail and 66 residential apartments). So far, 70% percent of the owners have agreed to the sale, says Chan. |
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HendriJB
Supreme |
07-Dec-2017 17:22
Yells: "Breathe, Step Back - Think " |
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Commercial En Bloc News 2017 ***************************************   Tanglin Shopping Centre to make third bid to sell en bloc, Latest ...www.tnp.sg/news/business/tanglin-shopping-centre-make-third-bid-sell-en-bloc
Oct 30, 2017 -  Business  News  - An ageing Orchard Road landmark has become the  latest  to throw its hat into the  collective sale  ring. The owners of the strata-titled Tanglin  Shopping Centre  are making a third bid to sell the building  en bloc, following attempts in 2011 and 2014. They will elect... Read more at www.tnp.sg.  Jalan Besar Plaza En Bloc Sale 2017 Shop Mall Tender Resulthttps://www.tracygoh.sg/news/jalan-besar-plaza-en-bloc-2017/
Oct 24, 2017 -  Jalan Besar  Plaza En Bloc  Sale  2017. Freehold Jalan Besar  Plaza  launch for  En BlocSale for $390 million. Kitchener Road Singapore  Shop Mall  for Sale.  ICB Shopping Centre headed for en bloc launch at S$65-70m ...news.propertynetwork.sg/icb-shopping-centre-headed-en-bloc-launch-s65-70m/
ICB  Shopping Centre  headed for  en bloc  launch at S$65-70m. By Joshua Ho | 21 October  2017. 0 Comment. The owners of ICB  Shopping Centre, a mixed-use development in Yio Chu Kang Road, last Friday gave their consent for a  collective sale. This is the first  en bloc  attempt by the development,    En bloc fever spreads to commercial properties | Property Market ...https://www.propertyguru.com.sg &rsaquo Market News &rsaquo October 25, 2017
Oct 25, 2017 -  As for the 425-unit Katong  Shopping Centre, this marks its third attempt to find a buyer after its second sales exercise expired last April with a reserve price of $630 million or $2,248 psf per plot ratio based on its land area. For the  latest en bloc  attempt, they reappointed Cushman & Wakefield as marketing  ...  En bloc contagion spreads to commercial, mixed-use properties, Real ...www.businesstimes.com.sg/.../en-bloc-contagion-spreads-to-commercial-mixed-use-p...
Oct 24, 2017 -  THE residential  en bloc  contagion has spread to the other property sectors, with more commercial and mixed-use developments joining the collective sales rush. The spillover has revived the interest of owners at Goldhill Centre in Novena and Katong  Shopping Centre  in Mountbatten Road - both projects  ... |
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HendriJB
Supreme |
07-Dec-2017 17:12
Yells: "Breathe, Step Back - Think " |
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appleyum  wrote:
Sim Lim Square forms collective sale committee
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HendriJB
Supreme |
04-Dec-2017 15:00
Yells: "Breathe, Step Back - Think " |
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SGX:528 - Second Chance (SGD 0.255)32 Follower to Follow SECOND CHANCE PROPERTIES LTDUpcoming Earning Release - 27 Dec 2017 Recent Earning Release - 30 Oct 2017    Add to WatchList |
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HendriJB
Supreme |
04-Dec-2017 14:20
Yells: "Breathe, Step Back - Think " |
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Stocks to watch: Second Chance, because of Sim Lim Square and City Plaza.Second Chance: Its properties arm has reported a 72.32 per cent jump in net profit to S$5.4 million in the three months ended May 31, with its bottom line lifted after the disposal of certain securities. The third quarter also saw a 320 per cent jump in the group' s other income to S$2.8 million. This profit was recorded after the group accepted a cash offer on the delisting of shares in a Singapore-listed company. (News out June 30th, 2017).  About  Second ChanceSecond Chance Properties Ltd is a Singapore-based investment holding company. The Company is engaged in retailing of ready-made garments, holding of property as an investment for rental income, investing in equities, and trading in bonds and equities. The Company manages and monitors the business in the two geographic areas: Singapore and Malaysia. In Malaysia, the Company is engaged in the sale of apparel, while in Singapore, the Company is engaged in the sale of apparel, gold and jewelry, investment dealing and rental of investment properties. Its investment properties include Retail spaces in Singapore, Office buildings in Singapore and Retail spaces in Malaysia. The Company operates Mega First Lady store in Kuala Lumpur, Malaysia. The Company' s property portfolio includes 810 Geylang Road #01-43 City Plaza, 810 Geylang Road #01-46 City Plaza and 810 Geylang Road #01-47 City Plaza. The Company' s subsidiary, Golden Chance Goldsmith Pte Ltd, is engaged in the retail of gold and jewelry.
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HendriJB
Supreme |
01-Nov-2017 15:05
Yells: "Breathe, Step Back - Think " |
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SECOND CHANCE: CEO Mohd Salleh  said on October 4th, 2017 1. Sim Lim Square: Second Chance Properties owns 12 retail shops there (aggregate value: about S$23.1 million), having sold 10 shops in recent years as prices rose.  Subsidiary proprietors representing at least 20% of the total share value in Sim Lim Square have " recently agreed" to appoint a sales committee for an en-bloc sale.    Ultimately, an en-bloc sale can only go through if there is at least 80% support from subsidiary proprietors  - and if there is a buyer at the asking price. Sim Lim Square is attractive for redevelopment, in part because it is just a few minutes walk from an MRT station (Rochor).  Market prices of Sim Lim Square units have gone up in recent years but, ironically, rental rates have dropped significantly in line with the decline in the retail scene in Singapore. 2.  City Plaza:    Second Chance owns 17 retail shops there.  In the past, there have been a few attempts at an en-bloc sale. There is fresh interest in doing so currently, and what' s  needed as a first step is the support of at least 20% of the subsidiary proprietors (in writing).  In addition, the building' s plot ratio has been fully achieved. However, it might be possible to apply to the government for a higher plot ratio as the site is close to  a MRT  station (Paya Lebar). Ultimately, any en-bloc sale can only succeed if property giant City Developments - which completed the building of City Plaza in 1980 -- supports it. CityDev owns 30% of the total share value of City Plaza. Written by  Leong Chan Teik   Published: 04 October 2017
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