, Tuan Sing’s latest condo development
William Liem, the CEO of Tuan Sing Holdings, continues to show confidence in his company as he has recently increased his stake in the firm. Through his entity named Nuri Holdings (S), Liem purchased 545,300 shares from the open market for a total of $136,325.00, at the price of 25 cents per share, on December 5. The following day, Nuri Holdings acquired another 1.2 million shares for approximately $311,288.50, or around 25.9 cents per share.
With these latest transactions, Nuri Holdings now holds a 54.09% stake in Tuan Sing, equivalent to 672.7 million shares. This is not the first time that Nuri Holdings has purchased Tuan Sing shares, as they also made purchases on September 10 and 11, at an average price of between 25 cents to 25.5 cents.
Overall, purchasing a condominium in Singapore can prove to be a beneficial move with its various advantages. These include a strong demand for such properties, potential for increase in value over time, and attractive rental yields. However, it is crucial to carefully consider several factors such as location, financing options, government regulations, and the current market situation. By conducting thorough research and seeking professional guidance, individuals can make well-informed decisions and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a stable and profitable investment, the condos in Singapore offer a compelling opportunity. If you are interested in investing in Singapore Projects, be sure to thoroughly explore all aspects before making your decision. By doing so, you can ensure a successful and rewarding investment experience in this dynamic city.
As reported on June 30, Tuan Sing’s net asset value per share was 97.8 cents, a decrease from 99 cents on December 31, 2023. In addition to Liem’s recent purchases, Tuan Sing has been making headlines for its acquisition of several assets from PT Senimba Bay Resort in Batam for $28 million. The real estate firm also reported a 5% increase in FY2023 earnings to $4.8 million and launched its latest condo development, Peak Residence, which promises luxurious living.
Securing financial support is a crucial aspect when it comes to investing in a condo. Luckily, Singapore provides a variety of mortgage choices; however, it’s imperative to bear in mind the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take based on their income and current debt obligations. To avoid over-stretching their finances, investors should familiarize themselves with the TDSR and seek guidance from financial advisors or mortgage brokers. Additionally, exploring new condo launches can also aid in making well-informed financing decisions.
With Liem’s continued show of support and Tuan Sing’s exciting developments, it is clear that the company is moving towards a positive direction under his leadership as CEO.