CapitaLand Again?!

dotaro SG

Wednesday December 14, 1:21 PM
Singapore CapitaLand, Sun Hung Kai gets prime site

SINGAPORE, Dec 14 (Reuters) - Singapore's Urban Redevelopment Authority said on Wednesday it has awarded a prime Orchard Road site to a group led by CapitaLand Ltd which submitted the top bid of S$1.38 billion.
A URA press statement said Capitaland Retail Singapore Investments, a unit of CapitaLand, and Gresward Pte Ltd, a unit of Hong Kong developer Sun Hung Kai Developers planned a commercial development with an underground shopping mall at the site.

The 99-year leasehold site, located above the Orchard Road subway station, attracted eight bids when the tender closed on December 8.

Once again, to the surprise of none, CapitaLand wins a bid to a prime land again! How can the others compete? In our local heartland estates of course!

Heard that CapitaLand bidding for one of the sites for the development of our Integrated Resort?

Incredulous! Where's the competition? Evil or Very Mad

shade343 SG

Are you a noob or what?

Obviously the highest bidder gets awarded the land.

Sheesh... Rolling Eyes

dotaro SG

Highest bidder with the highest financial might which no one else can compete with, wins the bid.

Who can compete with Capitaland? Rolling Eyes

SnowFlag SG

btw, does anyone know what is Capitaland’s connection with the Lee family?

shade343 SG

I last check the annual report. Nobody from the Lee family seats on the Board of Directors.

Rolling Eyes

And Temasek Holdings only owns 45% of the Company and have and extra deemed interest of 1% in the company through their partial share holdings in the DBS group.

shade343 SG

Hongkong Land, Cheung Kong Holdings, MCL Land, City Developments, Far East Group, Jardine C&C and Wing Tai Holdings.

So many property developers. Its just a matter if they want or dont want.

Rolling Eyes

SnowFlag SG

That makes Temasek Holdings a major shareholder liao Mr. Green

dragg SG

CDL!!!

SnowFlag SG

wat it means? Mr. Green

dragg SG

city development limited, another property giant in singapore, owned by kwek leng beng.

SnowFlag SG

hmmm.....how is CDL related to this thread?

shade343 SG

Because got some stupid people ask "who can challange Capitaland"?

Laughing

dotaro SG

I remember some shopping malls were previously owned by CDL, but eventually lost out the malls to CapitaLand.

CDL did not have the financial backing as of CapitaLand, or probably lack of good management, in the end, one by one, their malls or prime office space kena taken over.

I was informed by Mr. Rolling Eyes that none of the Lee family sits in the board.
I'm quite surprised.

I was also enlightened by Mr. that Temasek holds 45% stakein CapitaLand. Woah.
If that is not called Majority Influence, I dun noe what is.

Next piece of land for CapitaLand, Integrated Resort, Marina Bay.
Kindest bidders, pls show yourself to the exit.

shade343 SG

CDL is fucking rich. Kindly read their Annual report. If a comapany lacks good management, is the fault of Capitaland? And a majority of CDL assets are not shopping malls. They have never been a shopping mall specialist. Their area of focus is more on residential, carparks and office properties rather than shopping malls.

Perhaps the government should sue you for suggesting that the property scene in Singapore is being monopolised by Government linked companies.

dotaro SG

Why so pek chek and fret up Mr. Rolling Eyes ?

I think our Government is wise enough to save their time and effort from sueing forumites.

Admittedly, I do not read annual reports of our property big wigs in S'pore.
If according to their annual reports, they are rich, fine.

But they still lost their malls.

Maybe they feel it's better to save their resources rather than competing head-on with CapitaLand.

By the way, it would be wise for Mr. Rolling Eyes to go back studying or stare at nearby swimming pool hoping for free show, dun you think?

shade343 SG

What irks me is ignorant people like you who make baseless insinuations. Like you already said, you dont even bother to read company annual reports, yet you still make claims like:

Oh, and btw, highest bidder may not neccesarily mean the company with the highest financial might.

I

dotaro SG

I guess it is my ignorance that I dun read annual reports when I can spend more time studying.

But I must agree with Mr. Rolling Eyes on your last argument!

redstone SG

Capital is govt-linked what... Laughing

Capital, along with CDL, are one of the largest commercial property owner/developers in the city area. Mad

ndsef SG

Capital Land is the biggest in Singapore period... Dun forget they merge DBS Land and Pidemco Land into Capital Land hor..

yappiegummie SG

You know, i know.