27 JULY 2016 - Singapore Exchange...Jul 27, 2016 · 27 JULY 2016 . GROUP’S PROJECT DEVELOPMENT...
Transcript of 27 JULY 2016 - Singapore Exchange...Jul 27, 2016 · 27 JULY 2016 . GROUP’S PROJECT DEVELOPMENT...
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50TH ANNUAL GENERAL MEETING 27 JULY 2016
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GROUP’S PROJECT DEVELOPMENT PLANS
1) Updating of development progress and sales status
2) Looking forward – marketing plans
Landed development projects
Challenging residential market conditions
Condominium apartment projects
Refining marketing plan and strategies
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GROUP’S PROJECT DEVELOPMENT STATUS
Update of development projects under construction
Review of marketing sales status
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AERIAL VIEW
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PHASE 5
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PHASE 6
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PHASE 7
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2 Semi-detached Houses @ Paterson
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2 Semi-detached Houses @ Paterson
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Paterson Collection
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SUMMARY OF SALES & DEVELOPMENT STATUS
For condominium apartments projects
For landed development projects
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CONDOMINIUM APARTMENTS PROJECTS SALES STATUS
Vermont @ Cairnhill Rise
Skyline Residences
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Asia Pacific Property Awards 2015 Residential Development (Singapore)
Singapore Property Awards 2015 FIABCI World Prix d'Excellence
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Singapore Property Awards 2015 FIABCI World Prix d'Excellence
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Property Location No. of Units
Sales Status
Development Status
1) The Vermont Cairnhill Rise 158 100% TOP
CONDOMINIUM APARTMENTS PROJECTS SALES & DEVELOPMENT STATUS
2) Skyline Residences Telok Blangah Road 283 83% TOP
Total 441 89%
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SALES & DEVELOPMENT STATUS FOR LANDED PROJECTS
Luxus Hills Phase 6
Luxus Hills Phase 7
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PHASE 6
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PHASE 7
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Phase Development No. of Units Sales Status Development Progress
Phase 6 36 92% TOP
LANDED PROPERTIES – LUXUS HILLS SALES & DEVELOPMENT STATUS
Phase 7 32 62% 71%
Total 68 78%
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Part 1 : Updating of development progress and sales status in FY 2016
Part 2 : Looking forward – Marketing plans
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LOOKING FORWARD – MARKETING PLANS
1) Focusing on needs of target purchasers for selling remaining unsold apartment units
• Skyline Residences
2) Strengthening Group’s core businesses in developing and offering different types of landed properties
Government cooling measures and challenging residential market Marketing thrusts and strategies
• Luxus Hills at AMK Ave 5: 999 yrs lease conventional housing • Watercove at Sembawang Rd: Freehold cluster housing • Lot 12949A at AMK Ave 5/CTE : A fresh 99-yr lease to be issued by SLA
3) Building our high-end residential projects with development options • St Thomas Walk project and Paterson Collection
Marketing plans are subject to changes depending on market conditions and business environment
Offering 3 different types of landed properties to meet purchasers’ preferences
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PHASE 7
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PHASES 8 & 9
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Watercove
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Luxus Hills
Lot 12949A
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(To Be Issued With Fresh 99-Year Lease)
The Singapore Land Authority (SLA) requires the Group to apply for lifting of the building restriction in the title
Lot 12949A Mk 18 at Ang Mo Kio Avenue 5/Nim Road
To grant lifting of the building restriction, SLA requires the Group to surrender the existing 999-year lease for re-issuance of a fresh 99-year lease without building restriction and to pay differential premium (DP)
An Agriculture land with building restriction in the title
Full compliance with above SLA requirements for URA to grant Planning approval for landed development by: a) proceeding with payment of DP to upgrade the land use b) accepting a fresh 99-year lease title issued by SLA in
order to lift building restriction
Submitted plans to URA to upgrade the land for Residential Development to optimize and unlock potential land value
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St Thomas Walk
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Paterson Collection
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SUMMARY OF MARKETING PLANS
To develop and launch the various development projects in different stages and phases with 3 marketing strategies as outlined
Projects in the pipeline – 3 apartment projects and 3 landed development projects
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St Thomas Walk
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Paterson Collection
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Paterson Collection
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PHASE 7
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PHASE 7
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PHASES 8 & 9
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Lot 12949A MK 18
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Lot 12949A MK 18
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Watercove
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Watercove
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The marketing plans as indicated in the presentation slides may be subject to changes depending on market conditions and the business environment.
Looking forward – our marketing plans to launch the various development projects in different stages and phases with 3 outlined marketing strategies.
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50th Annual General Meeting