Post Reply
361-380 of 522
estimated is 2.02 before steam lose abit.. 2.1 is not impossible within the this week.
On uptrend... but keep a close watch on this one. May do an about turn anytime.
Cheers ! Reaching $2.00 very soon.....
Guess it is going to cheong like mad
------------
20/12/2006 12:37 DJ MARKET TALK: UIC +2.6%; UIC Building Put Up For Sale
Back
DJ MARKET TALK: UIC +2.6%; UIC Building Put Up For Sale
0437 GMT [Dow Jones] United Industrial Corp (U06.SG) +2.6% at multiyear high of S$1.95 after UIC Building at Shenton Way is put up for collective sale; sale agent CB Richard Ellis says owners hoping to get more than S$830 million or S$1,150 psf ppr. Office complex can be redeveloped into 50-storey residential project. UIC reportedly owns about 78% of building, with rest owned by individual proprietors. Stock may find resistance at S$2, where offers most substantial.(FKH)
------------------------
=DJ UPDATE: UIC Sale May Squeeze Singapore Office Supply
By Aaron Back & Kevin Lim
Of DOW JONES NEWSWIRES
SINGAPORE (Dow Jones)--The owners of UIC Building, a large office complex in Singapore's central business district, have put the building up for sale for redevelopment into apartments, in a move that could further exacerbate a shortage of prime office space.
CB Richard Ellis, which is handling the sale, said Wednesday that the building's proprietors are hoping to achieve in excess of S$830 million, or approximately S$1,150 per square foot per plot ratio.
The proposed sale of the building, located on Shenton Way, comes as office occupancy in the central business district is close to 100%. Prime rents have risen around 50% this year.
The development charge and lease top-up premiums payable are estimated at S$44.2 million and S$160 million, respectively, CB Richard Ellis said in a statement.
Based on the asking price, each subsidiary proprietor of UIC Building will get about S$2,000 per square foot of existing space.
"This is the largest collective sale ever launched. It is also the first major commercial collective sale (in Singapore)," said CBRE's executive director for investment properties, Jeremy Lake.
UIC Building, the owners of which include United Industrial Corp. Ltd. (U06.SG), is a 40-story office building with a total built up area - including car park space - of almost 550,000 square feet.
According to CBRE, UIC Building, which was completed in the early 1970s, can be redeveloped into a 50-story apartment building that will offer residents sea views.
CBRE said expression of interests for the UIC Building have to be submitted by Feb. 8, 2007.
MA (moving averages )is yesterdays news...
All good property snapped up readily ... but this counter is not just about property... there are other bullish areas here... :)
UIC sold 1009 residence units this year at the value of 1.2 billion dollar.(published in Zaobao 20.12.06)
Regency @ Tiong Bahru, Grand Duchese at Six Avenue and One Amber almost all sold out.
but trade with cautious. MA30 crossed MA50 but on downtrend.
I also vested more yesterday and this morning. ( $1.90 yesterday and $1.92 today )
Vested more last week at 1.86......:-)
UIC good boy... (good buy)... :)
Volume quite low, same goes to wing tai
Yes you are right.Uptrending and breaking new high all the way.
Still on uptrend
Anyway, just like Gent. Ind., today this one behaved very well throughout the day... and remained unruffled in the face of a storm all around it. A good boy, this one... :)
It actually attempted a "cheong" in early trading but pulled back when the broad market fell later... otherwise, this one is would already be cruising like like SIA...
Today this one won't "cheong" due to market sentiment... wait till the when the sun rises...
losing steam is ok. in such a condition, dun go in the red is good areadi. as long it close abv 1.9 today. it will be a good support and entry point..
Losing steam...............