Sing Holdings

Sing Holdings: To acquire all strata lots from 2-8 Robin Robin Rd at $52.0m. Purchase is subject to approval by authorities and co obtaining a qualifying certificate. The acquired property together with 1,3,10-12 Robin Rd will have a total GFA of 12.6k sqm including a 10% balcony area. The total purchase price for all the site will be $176.3m. The parcel will allow more flexibility in design and layout. Co expects to fund this through internal funds and borrowings. Co is trading at approx 0.74x P/B.