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Thread: Shelford Suites (D11, Freehold, CDL)

  1. #91
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    May 2008
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    Quote Originally Posted by Am I wrong?
    Dear Bargain Hunter,
    I got my facts from Straits Times story published on 4 Jun 2008. It is clearly stated that '...Thakral is a unit of listed Hong Leong Asia, itself a company in the Hong Leong stable.' See below. Is ST wrong then?



    Source : Straits Times - 4 Jun 2008

    "THE son of property tycoon and City Developments executive chairman Kwek Leng Beng has quit as chief operating officer of Thakral Corporation.

    Mr Sherman Kwek, 32, who was appointed in June 2006, ran the day-to-day operations of the property firm and set its strategic direction.

    It was announced yesterday that he would be resigning ‘to pursue other business interests’. His last day will be on Sept 1.

    Thakral is a unit of listed Hong Leong Asia, itself a company in the Hong Leong stable. Hong Leong Asia triggered a mandatory general offer for Thakral after it converted its bonds into shares.

    Mr Kwek’s departure raised speculation that he could be taking a more high-profile role at some of the larger Hong Leong companies, such as City Developments, Singapore’s No. 2 property developer.

    It is also possible, however, that he is planning to spend more time on the business of listed HL Global Enterprises, the former LKN-Primefield, where he is already a director.

    HL Global operates hotels and also has property interests in Singapore, Malaysia and China. Its market capitalisation is about $150 million.

    Mr Kwek could be tasked with growing this company to be a key part of the Hong Leong Group."
    Yes you have. A "unit" does not equate a wholly owned 100% subsidiary. From Thakral's annual report, you can see that Hong Leong Holdings only owns 34.42% of the publicly listed Thakral.

  2. #92
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    The Straits Times is clearly not wrong to refer to Thakral as a unit of Hong Leong asia. A mandatory takeover offer was also triggered because HL Asia converted the bonds into a stake and crossed the regulatory 30% mark. It was clearly not the intention of Hong Leong to privatise Thakral and make it a 100% subsidiary as it did not offer a price higher than their conversion price (which was lower than the market price prevailing then). HL Asia subsequently got few acceptances and ended up with a 34.42% stake.

  3. #93
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    i heard prices drop few mths after launched... i sold to one indonesian, n nw price drop. haiz, wat to do..

  4. #94
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    Default Shelford Suites

    Check out all info could be found here http://assetomgt.com/realty/property...lford%20Suites

  5. #95
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    Nov 2008
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    Default Shelford Suites photos

    Project Name-Shelford Suites
    Developer-City Developments Ltd
    Property Type-Condominium
    Tenure - Freehold
    Total Units - 77
    Completion Date - est 30jun 2011
    District - 11











    more from:
    http://www.virtualhomes.sg/shelfordsuites

  6. #96
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    Notice there is a relaunch of unsold units of this project. What do you guys think will be a reasonable psf at this time for this development?

  7. #97
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    teddybear is offline Global recession is coming....
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    Won't buy this project, almost 70% units all direct West-East facing! Will be hotter than hell in already hot Singapore!

    Quote Originally Posted by moneyspinner
    Notice there is a relaunch of unsold units of this project. What do you guys think will be a reasonable psf at this time for this development?

  8. #98
    Join Date
    Jun 2009
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    location is in one of my target areas but this project is a bit small. went to its showroom during earlier launch, don't like its' long shape design, no window at bathroom (can't remember 1 or 2 of them), unless at corner.

    See more and more such design nowadays, any one has experience with no-window toilet? a problem or not?

    Understand new launch price is 1500+psf, a bit too much imo. --one of reasons we turned to VIVA: Same price for more convenient location and much bigger land size/facilities.

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