SingHaiyi Group

DBS keeps Suntec REIT at 'buy' on securing UBS as sole tenant for 9 Penang Road
SINGAPORE (Apr 18): DBS Group Research continues to rate Suntec REIT a “buy” with a target price of $2.12. This came on the back of the REIT (30%) along with its JV partners – SingHaiYi Group (35%) and Haiyi Holdings (35%) – securing UBS as a sole tenant for 9 Penang Road. Haiyi Holdings is a private vehicle of Gordon and Celine Tang who own a majority stake in SingHaiyi Group. UBS ...
SingHaiyi 3Q earnings more than double to $4 mil on projects with higher margins
SINGAPORE (Feb 1): Property group SingHaiyi reported 3Q19 earnings more than doubled to $4 million from a year ago as cost of sales fell more than revenue. This brings earnings for 1H19 ended Dec to $13 million, 54% lower than a year ago.   Revenue for 3Q19 came in at $15.8 million from a year ago, a decrease of 62% mainly due to the decrease of revenue recognised for the group’s ...
SingHaiyi reports 71% fall in 4Q18 earnings to $6.5 mil on lower other income
SINGAPORE (May 24): SingHaiyi Group, diversified real estate company, reported a 70.7% fall in 4Q18 earnings of $6.5 million from a year ago on lower other income. For the full FY18, earnings came in 3.7% higher to $32.3 million. In 4Q18, revenue soared to $27.5 million compared to $8.2 million a year ago, arising mainly from the revenue recognised for the group’s completed EC and private ...
SingHaiyi posts 12.8% increase in 3Q earnings to $1.4 mil even as revenue trebles
SINGAPORE (Feb 7): Property developer SingHaiyi Group saw its earnings grow 12.8% to $1.4 million for the 3Q ended December, from $1.2 million a year ago. Group revenue more than trebled to $41.7 million in 3Q18, from $12.0 million a year ago. This was mainly due to revenue recognised for the group’s completed executive condominium (EC) project, The Vales. Property development income ...
CIMB thinks these 5 small developers with exposure to Gaobeidian are 'beautiful'
SINGAPORE (Jan 18): CIMB likes five unrated developers with market caps ranging from $140-$470 million and property development activities in Singapore and China, in the Gaobeidian area. See: KSH, Lian Beng, Heeton, Oxley shares on a tear after site of China’s latest SEZ revealed See: KSH sets its sights on Gaobeidian bonanza See: Lian Beng posts 71% fall in 9M earnings to $21 mil on ...
SingHaiyi scoops up Park West condo in en bloc sale for $841 mil
SINGAPORE (Jan 11): SingHaiyi Group’s joint-venture firm, SingHaiyi Gold, is acquiring Park West condominium along Jalan Lempeng in Clementi in a collective purchase at a price of $840.9 million. Owners of the property accepted SingHaiyi’s bid on Thursday, the group says in a filing to SGX. This is Park West’s third collective sale attempt, after an earlier attempt in 2007 attempt ...
SingHaiyi undertakes rights issue to raise $143 mil in net proceeds
SINGAPORE (Dec 27): SingHaiyi Group is selling up to 1.435 billion new shares at 10 cents each. The issue price of 10 cents represents a discount of 11.8% to the theoretical ex-rights price of 11.3 cents each, says the property group in a Tuesday night filing. As at 10.50am, shares in SingHaiyi are trading at 12 cents. The rights issue is to raise proceeds to pursue property investments ...
SingHaiyi in bulk sale of commercial condominium development in California for $128.3 mil
SINGAPORE (Dec 19): Mainboard-listed real estate company SingHaiyi Group has entered into a purchase and sale agreement and initial escrow instructions for the bulk sale of its entire Vietnam Town Phase II units in San Jose, California for US$95.3 million ($128.3 million). The Vietnam Town commercial condominium development project comprises nine blocks of commercial condominium units and a ...
SingHaiyi submits winning bid of $81.1 mil in en bloc purchase of How Sun Park
SINGAPORE (Nov 28): SingHaiyi Group has emerged as the winning buyer in the collective purchase for the property at How Sun Park, a freehold property with a site area of 5,104.3 sqm. The winning bid of $81.1 million was submitted by SingHaiyi Huajiang Amber, a subsidiary of SingHaiyi, was duly accepted by the owners of the property on Tuesday. SingHaiyi Huajiang Amber is a 50-50 joint ...
SingHaiyi submits $271 mil winning bid for Sun Rosier condo
SINGAPORE (Sept 22): SingHaiyi Group has submitted the winning bid of $271 million for the collective purchase of the property known as Sun Rosier at 5A How Sun Drive. The property is freehold with a site area of 13,568 sqm. No development charge and differential premium is payable for the redevelopment of the site to a gross plot ratio of 1.4. SingHaiyi says the land site, located in an ...