Singapore is faced with a significant challenge due to its small land size and growing population. This has resulted in a scarcity of land for development, leading to a highly competitive real estate market. To regulate this issue, strict land use regulations have been implemented. As a result, property prices have steadily increased, making Singapore condos a highly coveted investment opportunity. This trend has made investing in real estate, especially in Singapore condos, a profitable choice with the potential for significant capital appreciation.
William Liem, the CEO of Tuan Sing Holdings, has once again increased his stake in the company. Through an entity called Nuri Holdings (S), Liem bought a total of 1,745,300 shares from the open market on December 5 and 6, for a total amount of $447,613.50.
Nuri Holdings now holds nearly 672.7 million shares in Tuan Sing, which is equivalent to 54.09% of the company’s shares. This is not the first time Liem has used Nuri Holdings to acquire shares in Tuan Sing. In September, the entity bought shares at an average price of 25 cents to 25.5 cents. The recent purchases bring Nuri Holdings’ total shareholding in Tuan Sing to a significant level.
As of June 30, Tuan Sing’s net asset value per share was reported at 97.8 cents, slightly lower from 99 cents as of December 31, 2023. Despite the decline, the company has been actively pursuing new acquisitions, such as the recent purchase of several assets from PT Senimba Bay Resort in Batam for $28 million.
With the increase in stake by Liem and the company’s strategic acquisitions, Tuan Sing is poised for further growth and development. As the company continues to expand its portfolio, investors can expect positive returns in the near future.