William Liem, the CEO of real estate firm Tuan Sing Holdings, has once again increased his ownership in the company. Through an entity called Nuri Holdings (S), Liem purchased 545,300 shares from the open market on December 5 for a total of $136,325.00, or 25 cents per share. The very next day, Nuri Holdings purchased an additional 1.2 million shares for $311,288.50, or around 25.9 cents per share. With these recent purchases, Nuri Holdings now holds approximately 672.7 million shares in Tuan Sing, representing a 54.09% stake. This follows their previous buying activity on September 10 and 11, where they acquired shares at an average price between 25 cents and 25.5 cents per share. As of June 30, Tuan Sing’s net asset value per share was 97.8 cents, a decrease from 99 cents reported on December 31, 2023.
Investing in a condo in Singapore can prove to be a lucrative decision due to its potential for capital appreciation. The country’s advantageous position as a global business hub, along with its robust economy, leads to a constant demand for real estate. This has resulted in a consistent growth in property prices over the years, with prime locations witnessing a significant increase. With the right timing and a long-term investment approach, investors can reap substantial capital gains from their condo purchases in Singapore. Furthermore, with the emergence of new condo launches, there are even more opportunities for investors to capitalize on the potential for capital appreciation in Singapore’s real estate market.