Latest news with #WingTaiHoldings'
Business Times
14-07-2025
- Business
- Business Times
Two River Valley area projects – River Green and Promenade Peak – begin previews this week
[SINGAPORE] Two new condominium projects in the River Valley enclave, Wing Tai's River Green and Allgreen Properties' Promenade Peak, will start previews this week. The two are the first launches coming out of a cluster of four government land sale sites tendered in the area. Prices at River Green will start from S$2,846 per square foot (psf). Located near Great World MRT and linked to the station, the 99-year leasehold condo has 524 units in a 36-storey block. Pricing for the prime District 9 condo will start from S$1.2 million for a 420 sq ft one-bedroom unit. Two-bedders, sized from 527 sq ft, will go from S$1.5 million, while three-bedders (786 to 883 sq ft) are priced from S$2.25 million. The largest units, with four-bedrooms, will start from S$2.8 million for a 980 sq ft unit. The project has 105 one-bedroom, 280 two-bedroom, 104 three-bedroom and 35 four-bedroom units. Edmund Cheng, Wing Tai Holdings' deputy chairman, said: 'We are confident that River Green will meet the evolving expectations of today's homebuyers, offering not just homes of exceptional quality, but a lifestyle that's both dynamic and holistic for years to come.' The project will be the first residential development in Singapore to achieve the Building and Construction Authority (BCA) Green Mark Platinum (Super Low Energy) certification. When asked about pricing strategy as several other launches in the River Valley area hit the market at the same time, Stacey Ow Yeong, Wing Tai Property Management's head of marketing, said: 'I think it's important for the buyers to see what they want. All of us have our own unique selling points. For us, we sell full connectivity. We sell flexible living. We sell functional, efficient and compact layouts, leading to very affordable prices.' A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up Market watchers noted that River Green's pricing, on a total quantum level, is a shade below selling prices of Toa Payoh project The Orie. The Rest of Central Region (RCR) condo, with prices starting at S$1.28 million for one-bedders, sold 86 per cent of its 777 units at an average of S$2,704 psf in January. River Green starts booking sales on Aug 2. Wing Tai Holdings acquired the 9,291 sq m site that River Green sits on for S$464 million (S$1,325 psf ppr) in a state land tender in June 2024. A month later, Allgreen bid S$730.09 million (S$1,304 psf ppr) for the 9,286 sq m Zion Road site where Promenade Peak is coming up. Just across the Singapore River, Promenade Peak will also start booking sales on Aug 2, at prices around S$3,000 psf, according to market sources. The project, with a District 3 address, has 596 units in a 63-storey block. It will be the world's tallest prefabricated prefinished volumetric construction (PPVC) residential building, and will feature the highest infinity pool in Singapore. The unit mix will include 80 one-bedroom units sized at 527 sq ft; 320 two-bedroom units sized between 657 and 797 sq ft; 118 three-bedroom units sized between 1,033 and 1,195 sq ft; 57 four-bedroom units sized between 1,421 and 1,582 sq ft; and 19 five-bedroom units spanning 1,884 sq ft each. There are also two 4,144 sq ft penthouses on the 63rd floor. Next to the Allgreen development, City Developments Ltd (CDL) and Mitsui Fudosan are building Zyon Grand, a mixed-use integrated development directly connected to Havelock MRT station. The project will comprise two 62-storey residential towers with 706 condo units, a 36-storey tower with 376 serviced apartments and a retail podium. It is expected to be launched in the fourth quarter. CDL and Mitsui Fudosan acquired the site in April 2024 for slightly over S$1.1 billion (S$1,202 psf ppr). A fourth condo is being developed by GuocoLand, on a River Valley Green site acquired at a February tender for S$627.8 million (S$1,420 psf ppr). A fifth site is available under the GLS reserve list. Altogether, the five sites could bring 3,080 new homes into the area, said Christine Sun, chief researcher and strategist of Realion Group. Nearby at Robertson Quay, Frasers Property and Sekisui House will book sales for The Robertson Opus this Saturday (Jul 19) with prices starting from S$3,150 psf. The 999-year mixed-use development comprising 348 homes is a redevelopment of Fraser Place Robertson Walk and its adjoining commercial area, Robertson Walk. 'Given the steeper competition, most developers will likely price their projects sensitively to attract consumers,' Sun said.
Yahoo
18-03-2025
- Business
- Yahoo
Wing Tai Holdings Limited's (SGX:W05) largest shareholders are private companies with 51% ownership, individual investors own 30%
Wing Tai Holdings' significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public 52% of the business is held by the top 3 shareholders 12% of Wing Tai Holdings is held by insiders If you want to know who really controls Wing Tai Holdings Limited (SGX:W05), then you'll have to look at the makeup of its share registry. With 51% stake, private companies possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk). Meanwhile, individual investors make up 30% of the company's shareholders. In the chart below, we zoom in on the different ownership groups of Wing Tai Holdings. View our latest analysis for Wing Tai Holdings Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that Wing Tai Holdings does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Wing Tai Holdings' historic earnings and revenue below, but keep in mind there's always more to the story. We note that hedge funds don't have a meaningful investment in Wing Tai Holdings. The company's largest shareholder is Wing Tai Asia Holdings Ltd, with ownership of 29%. With 12% and 11% of the shares outstanding respectively, Empire Gate Holdings Ltd. and Wai Keung Cheng are the second and third largest shareholders. Wai Keung Cheng, who is the third-largest shareholder, also happens to hold the title of Chairman of the Board. After doing some more digging, we found that the top 3 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. It seems insiders own a significant proportion of Wing Tai Holdings Limited. Insiders have a S$108m stake in this S$893m business. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling. With a 30% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Wing Tai Holdings. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. It seems that Private Companies own 51%, of the Wing Tai Holdings stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. For example, we've discovered 1 warning sign for Wing Tai Holdings that you should be aware of before investing here. If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, backed by strong financial data. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
