Home Capital Broker's Calls

Successful Sentosa relaunches is the best catalyst for deeply discounted Ho Bee

PC Lee
PC Lee4/30/2018 01:20 PM GMT+08  • 3 min read
Successful Sentosa relaunches is the best catalyst for deeply discounted Ho Bee
SINGAPORE (Apr 30): Phillip Securities is staying positive with Ho Bee Land given the property group is planning to relaunch its Sentosa properties with a total 151 unsold units at the Turqoise and Seascape expected to be put on sale this year.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Apr 30): Phillip Securities is staying positive with Ho Bee Land given the property group is planning to relaunch its Sentosa properties with a total 151 unsold units at the Turqoise and Seascape expected to be put on sale this year.

The research house notes there was an increase in secondary transacted volumes of Sentosa condos in 1Q18 of 17 units, the highest since 2012 although transacted prices are still languishing around $1,600 psf.

See also: Ho Bee Land reports 12.3% fall in 1Q earnings to $49.4 mil on absence of one-off gain

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now