Tuan Sing Holdings is proud to announce its new condominium at Sembawang that total to 130 units Kandis Residence which will be launched this quarter.
The property advancing Sembawang Road and Jalan Kandis showcases units of one bedroom to three bedrooms with a bonus of a study.
The completion of acquiring a freehold site over Jalan Remaja happened last June according to Tuan Sing. It envisions to convert it to a condominium having 100 units with high hopes of launching it 2018, around the second quarter.
It is been a claim that this is some kind of disclosing the 64 percent decrease in earnings for the second quarter which reaches as high as S$1.8 million.
The returns for over three months until June 30 dropped as low as 21 percent progressing to S$84.1 million.
The net revenue decreases as high as 51 percent to S$7.2 million while a decline of 25 percent of profit to S$158.9 million over the first half of the year.
The reason for these was due to the reduction in marketing sales of that residential property.
While the three luxurious development property namely, Cluny Park Residence, Sennett Residence and Seletar Park Residence reached its completion and successfully sold out during earlier quarters, property returns over first half of the year depreciated by 55 percent to as high as S$48.7 million, and the revenue from tax over half to S$5.4 million from the amount of S$13 million for same period year back.
Hotels investments documented a profit of A$55 million for the first half of the year alone, making a slight compared to the previous. The gross income from hotels dropped a little by three percent to around A$11.1 million since both Hyatt Regency of Perth and Grand Hyatt of Melbourne marked a joined 2.7 percent reduction of profit for every available unit regardless having the higher rate of occupancy.
Quarterly earnings per quota deteriorated from 0.4 cents to 0.1cent, comparing it to the net asset per share which dropped approximately 77 cents. This also is closely comparable to December 31, 2016, figure which was 77.7 cents.
In addition to the residential property goals, the group considers the idea of Sime Darby Centre reposition, which was acquired in June with all its array of amenities that will answer the needs and dreams of the occupant community in the area.
The development of the high-end, 18 Robinson or previously called as Robinson Towers seamlessly advancing and anticipated for its completion on or before 2018, which is thought of as a source of stable and secure income of the group
Tuan Sing quota resulted in half a cent only which means higher at thirty-three cents. The result was revealed only after the market declared closed.
Don’t be left out, grab your share of the residential unit ,Kandis Residence. An investment worth every inch of your hard work. Guaranteed no room for regret upon acquiring this property.
Kandis Residence is the latest residential development under the reputable developer Tuan Sing Holdings Limited. It can easily be located, right at district 27, Jalan Kandis, Singapore.
Kandis Residence makes life easier to all of us because it’s location yields an easy and quick access to Sembawang Bus Interchange and Sembawang MRT Station, and year2019, another MRT station that is expected to operate and this is the Canberra MRT Station which will take the route to North-South line.
