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Dont worry lah. Relax.
XiaoFeiXia ( Date: 12-Apr-2022 20:49) Posted:
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LOOKS LIKE GAME OVER ALREADY....🙄
Share price creeping up...something brewing?? People seem to forget their prized property portfolio in Singapore (Via UE) and high-end residential property projects in China
Apple buys UE BizHub Central in Ang Mo Kio for S$55m
MON, APR 11, 2022 - 5:50 AM UPDATED MON, APR 11, 2022 - 5:50 AM
KALPANA [email protected]@KalpanaBT
The property is a high-specification facility with about 388,000 sq ft GFA on a site with 22 years of lease left. PHOTO: GOOGLE MAPS
Singapore
TECH giant Apple has bought UE BizHub Central at 12 Ang Mo Kio Street 64 for S$55 million from United Engineers, part of Yanlord Land Group.
This is a part 4-storey, part-7 storey high-specification facility with about 388,000 sq ft gross floor area (GFA) on a site of some 259,150 sq ft with 22 years' balance lease. The reversionary owner of the site is JTC Corporation.
Apple has been leasing a few floors in the building, amounting to 30 per cent of the GFA, from United Engineers and as part of its lease agreement is said to have right of first refusal to purchase the property - which Apple has exercised. JLL had previously marketed UE BizHub Central for sale.
Apple declined to comment.
United Engineers bought the property in 2010 from Motorola.
UE BizHub Central is just across the road from Apple' s own built-to-suit facility at 7 Ang Mo Kio Street 64, on a site with a balance lease term of 24 years.
The Cupertino, California-headquarted tech giant expanded to the next-door UE BizHub Central in 2012 to cope with its growing business activities in Singapore.
Market watchers say that following its acquisition of this property, Apple can cater to its near-term expansion plans in Singapore by taking over the rest of the space in UE BizHub Central which is currently occupied by vendor United Engineers and its units.
United Engineers can easily relocate to one of its other buildings in Singapore, say observers.
On the UE BizHub Central site, there is also potential for Apple to build a new block on a chunk of this site which is currently a surface car park.
Under the Urban Redevelopment Authority' s Master Plan 2019, the site is zoned for Business 1 use with 2.5 plot ratio, which means it can have a maximum GFA of close to 648,000 sq ft this is some 67 per cent more than the existing GFA.
The acquisition of UE BizHub Central was made by Singapore-incorporated Apple South Asia, the same entity that owns the 7 Ang Mo Kio Street 64 property.
Apple also has a presence in the one-north area, where it has leased part of the 18-storey Innovis at 2 Fusionopolis Way from JTC. Within its premises at this building, Apple has its own kitchen/F& B facilities whipping up meals for staff and guests, and a large, well-equipped gym.
Industry sources say Innovis is where Apple' s corporate functions such as regional management and sales and marketing are housed.
Engineering-related functions including product design and research and development are predominantly done in the Ang Mo Kio premises.
Apple also has retail stores at Marina Bay Sands, along Orchard Road and at Jewel Changi Airport.
Singapore is Apple' s base for Asia-Pacific operations, according to a news release that Apple issued last July to mark its 40th anniversary here.
" Singapore is home to more than 3,500 Apple team members representing over 50 nationalities, and the company supports over 55,000 jobs in Singapore, including through the thriving iOS app economy," Apple said in the release.
Apple buys UE BizHub Central in Ang Mo Kio for S$55m
MON, APR 11, 2022 - 5:50 AM UPDATED MON, APR 11, 2022 - 5:50 AM
KALPANA [email protected]@KalpanaBT
The property is a high-specification facility with about 388,000 sq ft GFA on a site with 22 years of lease left. PHOTO: GOOGLE MAPS
Singapore
TECH giant Apple has bought UE BizHub Central at 12 Ang Mo Kio Street 64 for S$55 million from United Engineers, part of Yanlord Land Group.
This is a part 4-storey, part-7 storey high-specification facility with about 388,000 sq ft gross floor area (GFA) on a site of some 259,150 sq ft with 22 years' balance lease. The reversionary owner of the site is JTC Corporation.
Apple has been leasing a few floors in the building, amounting to 30 per cent of the GFA, from United Engineers and as part of its lease agreement is said to have right of first refusal to purchase the property - which Apple has exercised. JLL had previously marketed UE BizHub Central for sale.
Apple declined to comment.
United Engineers bought the property in 2010 from Motorola.
UE BizHub Central is just across the road from Apple' s own built-to-suit facility at 7 Ang Mo Kio Street 64, on a site with a balance lease term of 24 years.
The Cupertino, California-headquarted tech giant expanded to the next-door UE BizHub Central in 2012 to cope with its growing business activities in Singapore.
Market watchers say that following its acquisition of this property, Apple can cater to its near-term expansion plans in Singapore by taking over the rest of the space in UE BizHub Central which is currently occupied by vendor United Engineers and its units.
United Engineers can easily relocate to one of its other buildings in Singapore, say observers.
On the UE BizHub Central site, there is also potential for Apple to build a new block on a chunk of this site which is currently a surface car park.
Under the Urban Redevelopment Authority' s Master Plan 2019, the site is zoned for Business 1 use with 2.5 plot ratio, which means it can have a maximum GFA of close to 648,000 sq ft this is some 67 per cent more than the existing GFA.
The acquisition of UE BizHub Central was made by Singapore-incorporated Apple South Asia, the same entity that owns the 7 Ang Mo Kio Street 64 property.
Apple also has a presence in the one-north area, where it has leased part of the 18-storey Innovis at 2 Fusionopolis Way from JTC. Within its premises at this building, Apple has its own kitchen/F& B facilities whipping up meals for staff and guests, and a large, well-equipped gym.
Industry sources say Innovis is where Apple' s corporate functions such as regional management and sales and marketing are housed.
Engineering-related functions including product design and research and development are predominantly done in the Ang Mo Kio premises.
Apple also has retail stores at Marina Bay Sands, along Orchard Road and at Jewel Changi Airport.
Singapore is Apple' s base for Asia-Pacific operations, according to a news release that Apple issued last July to mark its 40th anniversary here.
" Singapore is home to more than 3,500 Apple team members representing over 50 nationalities, and the company supports over 55,000 jobs in Singapore, including through the thriving iOS app economy," Apple said in the release.
See Talked bond price for any indication? Tks
lifeisgood ( Date: 09-Apr-2022 11:55) Posted:
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Dont watch youtube
go see the chart of Poly real estate and Gemdale
and go see Yanlord bond prices.
go see the chart of Poly real estate and Gemdale
and go see Yanlord bond prices.
valuefinder ( Date: 09-Apr-2022 11:12) Posted:
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saw many Utubes about China property ,all very negative , but YL still holding up .
Probably pushed down to collect dividend at lower price. XD in May
XiaoFeiXia ( Date: 09-Apr-2022 07:27) Posted:
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Yesterday......afternoon, sudden drop in price with volume.
Any indication it has peak?
Any indication it has peak?
Yanlord so far boss never buy back any shares (since like 12 months ago). Would it be a privatisation candidate?
Yanlord is developing many recurring income streams from hotels and commercial properties.
it would go the way of Ho Bee after they sold most of their residential properties.
Expect a bumper profit for FY 2022 and hopefully a huge special dividend.
it would go the way of Ho Bee after they sold most of their residential properties.
Expect a bumper profit for FY 2022 and hopefully a huge special dividend.
Observers ( Date: 07-Apr-2022 17:31) Posted:
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Maybe they also want to do like YZJ, accumulate gao gao then give one time big one shock and awe dividend(in-specie)?
ysh2006 ( Date: 06-Apr-2022 14:54) Posted:
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Hello FY 2022 not over yet!
ysh2006 ( Date: 06-Apr-2022 14:54) Posted:
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So good why dividend still the same as last Yr 6.8c...? ISDN also reported good result share price the same too!!
From the just released Annual Report, this is huge:
As at December 31, 2021, the Group together with its joint ventures and associates recorded an
accumulated property contracted pre-sales of RMB98.219 billion on a total GFA of 2.9 million sqm,
which are pending recognition in the first half of financial year ending December 31, 2022
As at December 31, 2021, the Group together with its joint ventures and associates recorded an
accumulated property contracted pre-sales of RMB98.219 billion on a total GFA of 2.9 million sqm,
which are pending recognition in the first half of financial year ending December 31, 2022
Still no reports whasoever. Looks like insiders taking the opportunity to accumulate.
Today already April 4th, but still no updates on March pre-sales (probably later today I suspect), no Annual report, no updates on Moody' s and S& P ratings affirmations. So something might be cooking...
Wonder why no announcement by the Company in SGX website
lifeisgood ( Date: 01-Apr-2022 14:10) Posted:
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S& P Global has just updated Yanlord credit rating.
No change. Remain Stable.
Thats very good news for this Company, meaning it can refinance its 2023 notes due at a good rate.
https://cbonds.com/company/13430/...
No change. Remain Stable.
Thats very good news for this Company, meaning it can refinance its 2023 notes due at a good rate.
https://cbonds.com/company/13430/...
Next week Yanlord will announce the pre-sales figures for March 2022. Probably weak due to the slump in the overall China property market sentiment.
Plus the Covid-19 outbreak. Which means less buyers coming out to look at properties.
Plus the Covid-19 outbreak. Which means less buyers coming out to look at properties.
China actually has the most number of billionaires and millionaires in the whole world...