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Thread: Mont Timah (D21, 99 years LH, Tuan Sing)

  1. #1
    Any complaints please PM me mr funny's Avatar
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    Default Mont Timah (D21, 99 years LH, Tuan Sing)

    http://www.businesstimes.com.sg/sub/...18340,00.html?

    Published October 9, 2009

    Tuan Sing to launch Mont Timah

    By UMA SHANKARI


    TUAN Sing Holdings, which has acquired a 70 per cent stake in Mont Timah, a boutique residential project at Hindhede Drive, said yesterday it will launch the project soon.

    Tuan Sing announced in August that it would buy 70 per cent of the issued share capital of Maylands Investment from Habitat Properties. Maylands' only major asset is the Mont Timah project.

    Habitat Properties would continue to hold 30 per cent of Maylands, Tuan Sing said back then.

    In an update yesterday, Tuan Sing said it has completed the 70 per cent acquisition and will now launch Mont Timah. It did not give a launch date or prices.

    Analysts say the project is in the upper mid-to-mass market range.

    The 99-year leasehold Mont Timah will comprise 32 strata cluster homes and is near Bukit Timah Nature Reserve.

    'The development offers nature lovers a unique opportunity to live within walking distance of the magnificent terrain of the reserve,' Tuan Sing said in a statement.

    Each unit will have its own lift, the company said. The project, designed by Chan Sau Yan & Associates, has been awarded the Green Mark (Gold) Award by the Building and Construction Authority. A temporary occupation permit is expected at end-2011.

    Tuan Sing shares closed unchanged at 17 cents yesterday.


  2. #2

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    Mont Timah?
    Name sounds wierd... like trying a bit too hard to make the development sound chic and yet want to associate with Bukit Timah


  3. #3
    I sell Cheese Pie Geylang OKT's Avatar
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    Instead of always just buying Capland, CityDev and Ho Bee, Tuan Sing is definitely worth a buy at current bargain basement prices


  4. #4
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    Footnote: Investors now seem to be waking up to the idea that Tuan Sing is a laggard play that represents excellent value for money!


  5. #5
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    Mont Timah Cheong Ahhh!!!!


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