Investing in a condo requires careful consideration of financing options. Fortunately, Singapore offers a variety of mortgage choices. However, it is crucial to understand and take into account the Total Debt Servicing Ratio (TDSR) framework, which restricts the amount of loan that a borrower can take based on their income and current debt commitments. To make informed decisions about financing and avoid excessive borrowing, it is advisable to seek advice from financial advisors or mortgage brokers. In addition, keeping an eye out for New Condo Launches can also provide investors with potential opportunities.
Tuan Sing Holdings’ CEO, William Liem, has once again increased his stake in the company. Through his entity Nuri Holdings (S), Liem purchased a total of 1.7 million shares on Dec 5 and 6. The shares were bought from the open market for a total of $447,613.50, at an average price of 25.6 cents each.
This purchase brings Nuri Holdings’ total stake in Tuan Sing to 672.7 million shares, which is equivalent to 54.09%. This is not the first time that Liem has increased his stake in the company through Nuri Holdings. In September, he purchased shares at an average price of 25 cents to 25.5 cents each.
At the end of the 2023 fiscal year, Tuan Sing’s net asset value was reported at 97.8 cents per share, which was a slight decrease from its value of 99 cents in the previous fiscal year.
Tuan Sing Holdings, a leading real estate firm, has been making headlines recently. In addition to Liem’s share purchases, the company has also been involved in several acquisitions. In November, Tuan Sing announced its plans to acquire several assets from PT Senimba Bay Resort in Batam for $28 million. This acquisition is seen as a strategic move to expand the company’s portfolio and increase its presence in the real estate market.
Furthermore, Tuan Sing has also made an impressive purchase of the Fraser Residence River Promenade for $140.9 million in October. This luxurious property, located in the prime district of Robertson Quay, is expected to bring in strong rental income for the company.
Despite the challenges faced by the real estate industry, Tuan Sing’s CEO remains optimistic about the company’s future. The company reported a 5% increase in earnings in the 2023 fiscal year, reaching $4.8 million. With its strong financial position and strategic acquisitions, Tuan Sing is well-positioned to continue its growth and success in the luxury real estate market.