Heeton / KSH / Tee Int’l

Heeton / KSH / Tee Int’l: Unique Realty, a consortium comprising Heeton, KSH, Tee Int’l and Zap Piling has soft launched its latest residential devt, Sky Green, to strong response. The 176 unit freehold devt has sold ~80% before its official launch, which is slated for next wkend. The units were sold at an ASP of $1,502 psf, with buyers mainly Singaporeans. Sky Green, which occupies 71.3k sf at the start of MacPherson Road, comprises two 16-storey blocks holding 172 one-to-four bedroom apts ranging from 441 – 1496 sf, and 4 penthouses ranging from 2207 – 2906 sf. The project is expected to receive TOP by 2016. Heeton trades at 4.5x P/E, 0.5x P/B. KSH trades at 6.1x P/E, 0.9x P/B. Tee Int’l trades at 7.5x P/E, 1.6x P/B.