William Liem, CEO of real estate firm Tuan Sing Holdings, has once again increased his stake in the company.On Dec 5 and 6, Liem purchased a total of 1.7 million shares through an entity called Nuri Holdings (S). The 545,300 shares bought on Dec 5 were acquired from the open market for a total of $136,325.00, or 25 cents per share. The following day, another 1.2 million shares were bought for around 25.9 cents each, amounting to $311,288.50. This has brought Nuri Holdings’ total stake in Tuan Sing to 54.09%, or 672.7 million shares.AdvertisementAdvertisementThis is not the first time that Nuri Holdings has been used to purchase shares of Tuan Sing. In September, the Liem family bought shares at an average price of 25 cents to 25.5 cents each.Upon these recent purchases, Tuan Sing’s net asset value per share as of June 30 this year stands at 97.8 cents, a slight decline from 99 cents at the end of December 2023.However, this has not dampened the company’s overall performance as it was recently reported to have acquired several assets from PT Senimba Bay Resort in Batam for $28 million. Additionally, Tuan Sing Holdings’ FY2023 earnings have also seen an increase of 5% to $4.8 million.For those seeking a luxurious lifestyle, the newly acquired Fraser Residence River Promenade by Tuan Sing is definitely worth considering. With the increased stake of William Liem in the company, the future looks bright for Tuan Sing Holdings.
Securing financing is a crucial element when it comes to investing in a Singapore Condo. Singapore has a variety of mortgage choices available, but it is vital to understand the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the loan amount that a borrower can obtain, taking into account their income and current debt commitments. It is crucial for investors to have a thorough understanding of the TDSR and consult with financial advisors or mortgage brokers to make well-informed decisions about their financing options. By doing so, investors can avoid over-leveraging and ensure a successful investment in a Singapore Condo.