TA Corp

TA Corp: will preview its second and latest residential devt, Gambir Ridge, today. The 77 unit freehold devt at 16 & 18 Gambir Walk is located near the Bartley MRT station. Comprising 2 blocks of 5 storey residential units and a basement carpark, the devt will house 1-4 bedroom units with sizes ranging from 614 sf to 1938 sf. Est TOP is by Dec ’15. The stock trades at 3.8x P/E, 0.8x P/B.