Heeton & KSH & Tee Intl to launch luxury residential dev The Boutiq at Killiney Rd today with stakes 45%, 35% and 20% respectively. The development is approx 40k sq ft and has seen take up of 75% of its phase one launch of 52 units at $2,350 psf. A total of 130 units with ranging from 506 – 2853 sq ft are expected to be launched from this development...
Recently the consortium has also acquired Macpherson Green at $105m and Camay Court for $30.5m in March.
Currently, Heeton trades at P/B of 0.5x,
KSH at 0.7x P/B and
Tee Intl at 1.6x P/B with 5.1x current P/E.
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