Wednesday, May 20, 2015

Stocks to watch: Singapore property developers, QT Vascular

REPORTS or announcements relating to the following Singapore companies were issued on Tuesday, which may affect their trading activity.
Property developers may rack up as much as S$90 million in extension charges for unsold units in their condo projects from April to December this year, and a further S$238 million in 2016 if the Singapore real estate market remains lacklustre.
This is according to calculations by property consultancy Cushman & Wakefield and is based on the premise that units remain unsold by then.
Among the developers who could incur considerable Qualifying Certificate charges these two years are CapitaLand, City Developments, Wheelock Properties, Wing Tai and Heeton Holdings.

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