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1-14 of 14
buy on weakness.
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A lot of selling done at $1.89 at clsoing 4.59 to 5.05 pm.
wonder why??
SGX adjusting whatever ?
wonder why??
SGX adjusting whatever ?
by 2020 shd hit 4 dollars.
be patient and will be handsomely rewarded.
maybe $6 if sti breaks new record by then towards 2021
Well done keep it up !
Wing Tai buyover of malaysia waing tai will materialise
Get the volume up
Closing at 1.915
Wing Tai buying over malaysia wing tai....a good investment .....buy in asap
Need to correct my misunderstading on the SSD, it' s only aplicable to the new purchase from 11 Mar, the old deals prior to 11 Mar, remains the same. As for the loophole, the only developer managed to sell the development company is Sing Holdings which sold the 100% owned, Sing Holdings (Robin) Pte Ltd on 10 Mar. Please refer to the Co' s announcement in SGX website.
brchkho1 ( Date: 13-Mar-2017 09:55) Posted:
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See what I meant, the announcement is not as exiting as what market thought on 10 Mar, $17.67m share changed hand at higher prices. There are happy people and on the other side, sad people too. When Fed increases the rate, those sad people will be even more sad.
soundblaster ( Date: 10-Mar-2017 18:05) Posted:
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Taken at face falue this is not a big announcement unless people are exppecting more reduction later in the year. It might just change sentiment towards property, which might trigger rerating of property buying.
brchkho1 ( Date: 10-Mar-2017 17:49) Posted:
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The shortening of SSD period is likely to free property owners who are caught in the stuation of financial constrains due to dropping rental income or employment income. In fact, more properties are expected to come out under resale market that may drive the prices downwards which may impact on developers' selling prices. The Stamp Duty on Transfer of Equity Interest in Entities whose Primary Tangible Assets are Residential Properties in Singapore is to close the loopholes of selling unsold developement to avoid penalty or fees. How can that be agood news for developers? Besides, the waiver of TDSR is not meant for property purchase. It' s applicable to additional borrowing to cash out on existing mortgaged property if total borrowings are max at 50% of current market valuation, and this has got nothing to do with developers. I am not sure why is this Hong Kong investment manager is so exited about these measures.
HB8289 ( Date: 10-Mar-2017 17:12) Posted:
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[SINGAPORE] Singapore developer stocks soared as authorities eased some property-market curbs, with analysts saying the changes will buoy shares that have been weighed down by a three-year losing streak for house prices.
Authorities will adjust a framework that limits the amount that home buyers can borrow from March 11, and shorten the time that owners must hold a property to be exempt from a stamp duty on sale, according to a Friday statement. City Developments Ltd, CapitaLand Ltd and UOL Group Ltd led gains on the Straits Times Index, surging at least 4 per cent, while an index of 44 Singapore real-estate companies rallied to the highest since July 2015.
"The stealth move should lead to a scramble to re-rate property developers back to book value on optimism property prices have bottomed and will start to rise from here," said Alan Richardson, a Hong Kong-based investment manager at Samsung Asset Management Co.
Sentiment is positive and has taken the market by surprise after Singapore's budget speech last month didn't mention property easing measures, he added.
Authorities will adjust a framework that limits the amount that home buyers can borrow from March 11, and shorten the time that owners must hold a property to be exempt from a stamp duty on sale, according to a Friday statement. City Developments Ltd, CapitaLand Ltd and UOL Group Ltd led gains on the Straits Times Index, surging at least 4 per cent, while an index of 44 Singapore real-estate companies rallied to the highest since July 2015.
"The stealth move should lead to a scramble to re-rate property developers back to book value on optimism property prices have bottomed and will start to rise from here," said Alan Richardson, a Hong Kong-based investment manager at Samsung Asset Management Co.
Sentiment is positive and has taken the market by surprise after Singapore's budget speech last month didn't mention property easing measures, he added.
Govt will introduce legislative changes in Parliament today implementing stamp duties for property holding companies that undertake a transfer of equity interest in an entity holding residential properties. This would be similar to what would happen if they were to buy or sell the properties directly.
This does not sound good for developers, but why Wing Tai Went up so much?