Wing Tai

THE LEVEL GROUND

Insiders should join the back instead of the front of the queue at new condo launches

Support building a ‘we first’ society by giving third parties a fairer shake to secure choice units

Of the 524 units in Wing Tai's River Green residential development launched in August, 88% have been sold. The property developer has narrowed its loss per share for the half year.

Wing Tai narrows H2 net loss to S$71.1 million

Revenue for the half year climbs 64.4 per cent on higher contributions from its development properties in Singapore, Malaysia

A model of River Green, the condominium for which Kelvin Chang and Carol Cheng were granted options to purchase units.

Children of Wing Tai chairman granted options to buy four River Green units for S$7.9 million

Neither was given discounts; sale has been reviewed by the board, audit and risk committee

Around 98% of buyers at River Green condo were Singaporeans and permanent residents, says developer Wing Tai.

Over 900 private homes sold at 3 new launches; River Green leads with 88% sold at S$3,130 psf on average

Promenade Peak moves 54% of units, while Canberra Crescent Residences sells 40%

Central Crossing will be situated at Hong Kong’s cultural and lifestyle hub and connected to its key business and financial institutions.

Wing Tai Properties unveils Hong Kong CBD mixed-use development joint venture with CSI Properties

It will house a 28-storey office tower with some 10,600 sq ft of gross floor area and a luxury international hotel tower

The canvas for this piece of community art is located along Kim Seng Linear Park, in the River Valley area.
TAKING HEART

Pathlight students’ art brightens up Wing Tai’s upcoming condo development site

The construction hoardings for River Green will put on show 30 artworks portraying the Singapore River

The exterior of Amara hotel, part of the hotel and property group, which is headed for delisting with the privatisation offer going through.

Consortium’s privatisation offer for Amara closes with 97.74% valid acceptances

The offeror, a consortium led by Hwa Hong, will compulsorily acquire all remaining shares and delist the company

The flagship Amara Singapore in Tanjong Pagar is part of the hotel group's portfolio. The offer values Amara at S$514.6 million.

Amara, Ban Leong pick IFAs for privatisation offers

Amara picks W Capital Markets to advise on offer from Hwa Hong-led consortium; Ban Leong appoints Asian Corporate Advisors

Mergers might help mid-sized local-listed property groups such as Wing Tai achieve better trading liquidity.
THE LEVEL GROUND

Wing Tai’s Amara foray will not help to address its underperformance

Merging with the hotel and property group trumps buying it via a consortium; other key issues need addressing