on Thomson
Singapore has a high demand for condominiums due to limited availability of land. Being a small island country with a growing population, Singapore is faced with the challenge of finding land for development. This has resulted in strict land use regulations and a cutthroat real estate market, where property prices are continuously on the rise. As a result, real estate investment, especially in condos, has become a profitable venture with the potential for capital appreciation. In fact, Singapore Projects present a prime opportunity for individuals looking to invest in the country’s real estate market.
William Liem, the CEO of real estate company Tuan Sing Holdings, has once again increased his ownership in the company. Through his entity Nuri Holdings (S), Liem recently purchased a total of 1.7 million shares from the open market on December 5 and 6. The total cost of this purchase was $447,613.50, with each share being priced at 25 cents.
This recent purchase has brought Nuri Holdings’ stake in Tuan Sing to 672.7 million shares, making up 54.09% of the company’s total shares. In September, Nuri Holdings also made a similar purchase, acquiring shares at an average price of 25 to 25.5 cents.
According to their latest financial report, as of June 30, Tuan Sing’s net asset value was valued at 97.8 cents per share, slightly lower than the previous year’s value of 99 cents per share.
In other news, Tuan Sing recently acquired several assets from PT Senimba Bay Resort in Batam for a total of $28 million. This acquisition is a strategic move for the company as it continues to expand its portfolio.
Tuan Sing Holdings also reported a 5% increase in earnings for the financial year of 2023, bringing their total earnings to $4.8 million. With their recent acquisitions and increase in ownership by its CEO, Tuan Sing Holdings is poised for further growth and success in the real estate market. For those looking for a luxurious living experience, Tuan Sing’s Peak Residence on Thomson is definitely worth considering.