Monday, Dec 5 and Tuesday, Dec 6 saw William Liem, CEO of Tuan Sing Holdings, increasing his company’s stake by purchasing a total of 1,745,300 shares through his entity Nuri Holdings (S). With these latest purchases, Liem’s stake in Tuan Sing now stands at 672.7 million shares, or 54.09% of the company’s total shares.As reported on Sept 10 and 11, the Liems had also bought shares through Nuri Holdings, paying an average of 25 cents to 25.5 cents per share. And with Tuan Sing’s net asset value at 97.8 cents per share as of June 30, it’s clear that the Liem family sees great value and potential in the company’s future growth.AdvertisementIn fact, Tuan Sing has recently announced its acquisition of several assets from PT Senimba Bay Resort in Batam for $28 million, as well as the purchase of Fraser Residence River Promenade for $140.9 million. These strategic moves are expected to boost the company’s earnings, which have already seen a 5% increase to $4.8 million in FY2023.Step into the high life at Peak ResidenceWith a strong leadership and a series of smart investments, it’s clear that Tuan Sing is set for even greater success in the future. As the company continues to expand its portfolio and explore new opportunities, investors can be confident in its growth potential and long-term stability.
When it comes to real estate investing, one important aspect to consider is location. This is especially true in the context of Singapore. Condominiums located in central areas or near essential amenities such as schools, shopping malls, and public transportation hubs have a higher potential for appreciation in value. Prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values. The presence of reputable schools and educational institutions in these areas also adds to the desirability of condos, making them a valuable investment option for families. Hence, it is no surprise that Singapore Condo properties are highly sought after in these prime locations.