Sincerity created the topic: Lian Beng: TOP of 2 industrial/commercial buildings + Prudential tower sale
Just found out that both HEXACUBE and MANDAI FOODLINK have obtained TOP in March and May respectively. So it means for the coming financial results Q4/17 (March to May) , the company will recognised one-off lump sum profit for both since they belongs to industrial and commercial. The profit will be huge!!! Results shd be annouced around 26-28 July.
1) HEXACUBE: 160 Changi, TOP obtained 20th March 2017
2) MANDAI FOODLINK: 5 Mandai Link: TOP obtained 4th May 2017
Singapore&rsquo s industrial property market could bottom out soon as macroeconomic forces gather strength. &ldquo The Purchasing Manager Index has been hovering above 50 since September 2016, which indicates expansion in manufacturing activities, while non-oil domestic exports are generally trending up despite short-term fluctuations,&rdquo says Lee Nai Jia, head of research at Edmund Tie & Co.
Lee was speaking on the industrial property market and outlook on July 1 at T-Space, a new ramp-up industrial development located at Tampines North Drive 1, in the vicinity of IKEA Tampines, Giant hypermarket and Courts Megastore. T-Space developers Lian Beng Group and Oxley Holdings recently released new units on Level 6 for sale. They are also offering star buys. The first batch of  units released has been fully sold, says Andy Tan, associate senior division director at Huttons Asia, one of the marketing agencies for the project, alongside ERA Realty Network and Singapore Realtors Inc (SRI).
Lee notes that the occupancy rates for industrial properties tend to lag the pickup in manufacturing output by about two quarters to a year. However, they have remained fairly stable, along with rents and prices, particularly those for first-storey spaces, where supply is limited. Industrial properties are also not subject to the hefty additional buyer&rsquo s stamp duty, unlike residential properties........