Post Reply
241-260 of 407
Coming soon!
I am so happy with my holding.
Juzztrade ( Date: 18-Oct-2012 22:09) Posted:
|
By Andrew Batt: The number of private home sales in Singapore could drop by more than 20 percent in 2013 after “spectacular” increases this year. David Neubronner, Head of Residential Project Sales for Jones Lang LaSalle (JLL), issued the warning this week, suggesting that the number of sales this year, which is expected to reach 22,000 units, will correct to “more healthy levels of about 16,000 units” in a worst-case scenario. In an exclusive interview with The PropertyGuru, he said: “Put in perspective the jump this year, from 15,800 in 2011 to probably 22,000 by the end 2012, has been spectacular. We believe this is not sustainable moving forward and should correct next year." “In the worst scenario, we estimate the market to correct to the healthy levels of about 16,000 units which were achieved in 2010 and 2011. This is taking into account the anticipated economic slowdown in 2013, clampdown on residency and employment of foreigners.” Neubronner is also not ruling out a further wave of government cooling measures. He said: “The possibility is always there as long as the buying continues. Based on the recent robust sales volumes and concerns of market foaming, there is always the possibility of another round of measures to take the steam out of the market.” Neubronner predicts that landed property sales will remain resilient given the limited supply and perennial demand, along with the general aspiration of Singaporeans to upgrade to a landed property. The luxury segment has seen sales volume and values declining over the past year and, according to Neubronner, should bottom out any time soon. “We anticipate a recovery next year given the values and opportunity on offer,” he added. The mass and middle market segments are expected to see most of the correcting in 2013, he said, adding that these sectors have been running up rapidly over the past year. Neubronner also expects the proportion of foreign buyers, which now stands at roughly 20 percent, to stabilise. He said: “Singapore will continue to attract foreign buying interest for a million reasons and we believe the series of measures introduced over the past years will more likely subdue the Singaporeans appetite than the foreigners.” Neubronner concluded by saying: “Although sales volume will decline, we expect prices to stabilise next year. The fundamentals, like a stable economy with high employment, low interest rates, a robust leasing market in the suburban areas and the overall bullish sentiments, are still strong and we do not see these changing in 2013.”
Business Times today,
8:44am
Keppel Land and its wholly-owned subsidiary, Keppel Land Financial Services Pte Ltd, have established a US$3 billion multicurrency medium term note (MTN) programme to issue notes or perpetual securities.
I personally like Keppel Land. But I am concern about the state of property market in Vietnam in which KepLand has a large play though their focus is not only residential. Just need to monitor closely. Below is a recent write-up about Vietnam. Just sharing - not a Sell call. As investors, we should be mindful. Comments / views welcome.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Vietnam’s real estate inventory causing huge losses
The real estate sector is in the doldrums with many condominium projects on hold while other projects are being launched in the hope that the year end will bring cheer to the market. Long lasting losses have however weakened the financial capacity of many enterprises. Last year, Quoc Cuong Gia Lai (QCG) was listed among those groups of enterprises that were suffering losses of nearly VND40 billion (US$1.9 million). In the third quarter of this year, QCG continues to see losses to the tune of VND468 million (US$22,468). Last year, the Song Da Company (SJS) announced a net loss of VND71.04 billion and this year the figure has reached VND109 billion with unsold property valued at VND4 trillion and bank loans now touching VND1,757 billion. In his report to the State Securities Committee, Pham Van Viet, SJS’s Deputy Managing Director, explained massive investments without orientation of the market as the major setbacks in the real estate market at present and the focus on site clearance for important construction works. Condominium project developers have lowered their prices to lower their inventory. Statistics from stock exchanges in Hanoi and Ho Chi Minh City show that 32 real estate enterprises, construction material companies, steel and construction-related companies have a total inventory valued at VND400 billion. Unsold condos are valued at VND74,670 billion ($3.5 billion) including bank debt of $7.5 billion. Accordingly, houses in companies’ stocks have increased year-on-year. Doom in realty estate has led to drop in orders for cement, steel and other material for construction. The Ministry of Industry and Trade statistics show that in the first ten months of the year, cement in factory warehouses increased by 51.3 percent or to around four million tons. There is still gloom in the market and a dreary property market is only helping increase inventory, which leads to freeze in capital, which leads to bad debts. It's just one big vicious circle. It is high time that some solution is found to revive this very important sector. (Sai Gon Giai Phong – November 21)
I am loading up soon!
Good Dividend Play on the way...
Think no more:)
sureesh40 ( Date: 19-Oct-2012 09:46) Posted:
|
I don't think so, I think it would be only half of that.
nbaxavier ( Date: 18-Oct-2012 21:17) Posted:
|
I am preparing the take the dividend... LOL
| Company Name | Type | Expiry Date | Record Date | Date Paid/Payable | Particulars |
|---|---|---|---|---|---|
| KEPPEL LAND LIMITED | DIVIDEND | 24 Apr 2012 | 26 Apr 2012 | 15 Jun 2012 | DIVREINVESTSCHM SGD 0.2 ONE-TIER TAX |
| KEPPEL LAND LIMITED | DIVIDEND | 26 Apr 2011 | 28 Apr 2011 | 20 Jun 2011 | DIV REINV SCH SGD 0.09 ONE-TIER TAX |
| KEPPEL LAND LIMITED | DIVIDEND | 26 Apr 2011 | 28 Apr 2011 | 20 Jun 2011 | DIV REINV SCH SGD 0.09 ONE-TIER TAX |
20-22 cents per share.
sureesh40 ( Date: 18-Oct-2012 16:23) Posted:
|
I don't think they will make record profit this year because they have divested any of their big office projects. Last year profit exceeding 1 billion $. I wonder how much dividend they will give next year. Anyone can guess
For those in position, let's ride the wave!!!
Keppel Land Limited Unaudited Results for the Nine Months Ended 30 September 2012
The Directors of Keppel Land Limited advise the following results of the Company and of the Group for the nine months ended 30 September 2012.
These figures have not been audited.
Keppel Land Posts Strong Profit Growth
- Net profit surged 62.2% to $311.1 million for the first nine months of 2012
- Contribution from property trading almost doubled to $230.1 million due mainly to higher earnings from Reflections at Keppel Bay and Marina Bay Suites
- Property investment achieved higher profit of $58.6 million, lifted by improved contribution from Keppel REIT
- Fund management continued to provide a steady stream of income amounting to 14% of net profit
earning report tomorrow, regardless of up and down, I hold it for dividend play.
Prepare for the trend reversal of Kepland.
http://mystocksinvesting.com/singapore-stocks/keppel-land/kepland-rising-wedge-trend-reversal/
Keep it for good:)
chinastar ( Date: 12-Sep-2012 10:05) Posted:
|
Be a die hard fan.....
freeman_5js ( Date: 09-Sep-2012 00:37) Posted:
|
wa whu shorting.
Die die haha
unless the " shorters" trying to push up tt price first if not those shorting alreadx...in deep trouble
What price will be good to short?
marubozu1688 ( Date: 06-Sep-2012 15:03) Posted:
|