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Thread: Banker Wee Cho Yaw buys all 45 unsold units at The Nassim for $411.6m

  1. #6

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    Quote Originally Posted by bargain hunter View Post
    no need. he bought the developer company from capitaland.
    wow like that he can hold on to the 45 units, and sold 1 by 1 when market turns good again?



  2. #7
    Join Date
    Mar 2009
    Posts
    10,643

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    I would guess that he calculated that he would still be able to make another $161m or even much more from selling the units piece by piece at a good price later on.........

    Capitaland needs to generate cash inflow every year to meet dividends payment, so they have to cut short their profits...........

    Quote Originally Posted by bargain hunter View Post
    the wily old fox has bought. normally he would wait for blood but now he let capitaland make $161m off him.



  3. #8

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    Quote Originally Posted by taggy View Post
    wow like that he can hold on to the 45 units, and sold 1 by 1 when market turns good again?
    yes. i think that's the whole idea.



  4. #9

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    Quote Originally Posted by teddybear View Post
    I would guess that he calculated that he would still be able to make another $161m or even much more from selling the units piece by piece at a good price later on.........

    Capitaland needs to generate cash inflow every year to meet dividends payment, so they have to cut short their profits...........
    capitaland also has to save millions in QC penalties which they cannot account to shareholders if they hold on for long term. on the other hand, wee cho yaw's company, being 100% singapore owned can hold for long term.

    the interesting thing is that wee cho yaw's purchase seem to signal that he is positive on freehold CCR.

    combine that with this analysis: https://www.bloomberg.com/news/artic...ree-year-slump

    in particular: "Hong Kong’s November increase in stamp duty to 30 percent for foreigners makes Singapore’s 18 percent rate more attractive to overseas buyers, particularly mainland Chinese who are seeking investments abroad to help shield them from a further weakening of the yuan."

    that may have accounted for the increase in high value purchases spotted in Nov and Dec.



  5. #10
    Join Date
    Aug 2009
    Posts
    2,988

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    ... u know, at his age, still bother about making money ? this one got to take a long time to monetize, by then ..

    maybe he already had some creative schemes behind ... like packaging into some Pty Backed Note and sell to PEs.



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