Investing in Hiap Hoe – Turkey, Strike, Spare or "Long Gao"?
By Valuestocks.sg • January 1, 2014
HLTiong here. Hiap Hoe is a reader request. The following post is written by TCK, who is my guest blogger (special interest in property-related counters) and previously blogged about TSH Corp. Over to you TCK.TCK here. A typical Singaporean, I have my fair share of interest in property and property-related counters. Hiap Hoe is an interesting counter, and I will proceed to share with you why.Business:Hiap Hoe is a niche premium integrated property developer, engaged in the development of luxury and mid-tier residential and hotel-cum commercial property. Let’s look into the 2 major engines of growth for Hiap Hoe:1.1) Residential propertyHiap Hoe has a number of residential properties that are wholly owned or jointly developed with sister company - Superbowl.
Source: Company presentations
As evident from the above, Hiap Hoe (“HH”) enjoyed relatively low land costs compared to average selling price for ......
