Fragrance Group - The Hillford Singapore's first retirement village was sold out on its first day of sale

The Hillford condo is a new exciting condominium by Fragrance Group and World Class Land. The Hillford condo is located along Jalan Jurong Kechil of Singapore With expected completion in mid 2016, it comprises of 280 residential units and 20 commercial units. The Hillford residents will be able to access within a short drive to Bukit Timah Shopping Center, Beauty World Plaza and Bukit Timah Plaza which is a short distance away for some family fun and gatherings. A healthy fun-filled lifestyle awaits you.

http://www.floraville.org/2013/11/the-hillford-new-condominium-by-world.html


A condominium touted as Singapore's first retirement village was sold out on its first day of sale.
Despite concerns about The Hillford's shorter 60-year lease, buyers - both young and old - snapped up all 281 apartments.
By 9am on Friday, The Hillford showflat at Upper Bukit Timah was already crowded with some 1,000 prospective buyers.
Within the first one-and-a-half hours, more than 80 units were already sold. That is 30 per cent of what is available.
The project has been marketed as a "retirement resort" for active seniors with elderly-friendly facilities and commercial space set aside for health care and elder care.
But with the condo located near the upcoming Beauty World MRT station in Bukit Timah, seniors were not the only ones interested.
This is despite the smaller flats and shorter 60-year lease. Private properties in Singapore usually have a 99-year lease or are freehold.
Analysts said The Hillford's popularity shows people are receptive to properties with a shorter lease.
Chris Koh, director of Chris International, said: "For many, at the end of the day it's the price. If it's affordable, and the quantum is low, you can see they're willing to buy."
But there are concerns that the facilities for the elderly may not materialise if there are too many young buyers.
A lot will depend on the property's management body, which will be made up of residents, said Mr Koh.
He said: "They must remember the essence of this village. It's for the elderly, for retirement, and they should not just change it overnight to cater to the youngsters who live in the project."
Christine Li, head of research and consultancy at OrangeTee, said: "In order to make this retirement concept more meaningful, there could be some restrictions, such as the age of the buyer, as well as some resale restrictions."
Sales figures are still being worked out, but the developer World Class Land said it expects a "substantial proportion" of buyers to be over 50 years old. 
http://www.channelnewsasia.com/news/singapore/buyers-snap-up-retirement/957928.html

Dividend Payout Ratio vs Dividend Coverage Ratio vs Dividend Cash Flow Coverage Ratio

Dividend Payout Ratio







Dividend Payout ratio basically refers to the percentage of the earnings used to pay out Dividends. Ideally, Dividend Payout Ratio should not be too high, as a rule of thumb it should not exceed 85% for most Companies. The reason is that if most of the Earnings are paid out as Dividends, there would be little Retained Earnings left to support business growth. However, there are exceptions to these. Certain Stocks likes Real Estate Investment Trusts (REITS) and Business Trusts typically have Payout Ratios in excess of 90% or even 100%. REITs are required by law to Dividend out 90% of the Earnings to gain favourable tax treatment. Some Companies also have a very high Payout Ratio because they have high Depreciation and Amortization, which is non cash item. To see how sustainable the Dividends are, one would have to look at the Dividend Cash Flow Cover Ratio below.


Dividend Coverage Ratio



Dividend Coverage ratio is the inverse of the Dividend Payout ratio. It refers how many times the Earnings can cover the Dividends paid. Ideally, the higher the Coverage Ratio, the better it is. If Dividend Coverage is 2, it means that the Earnings can cover the Dividends twice and minor fluctuations to the Company’s Earnings should not affect Dividends paid out. One should avoid stocks which have Dividend Coverage below 1, it means that the Company does not have enough profits to cover the Dividends for the year and are paying out from Retained Earnings!


Dividend Cash Flow Coverage Ratio

Free Cash Flow = Operating Cash Flow – Capital Expenditures

 

As one may have heard, Cash Flow is King. It’s the same when looking at Dividend stability. If the Company is not generating enough Free Cash Flow to cover the Dividends, the Dividends are in danger of being cut, regardless how much Earnings the Company has. Instead of using Operating Cash Flow to calculate the Dividend Cash Flow Coverage Ratio, we prefer to use Free Cash Flow as it is more conservative and takes into account the need for Capital Expenditures.

http://www.investinpassiveincome.com/how-to-pick-a-top-dividend-company-for-income-part-3-determining-stability-of-dividends/

Dividend Payout Ratio

Definition of 'Dividend Payout Ratio'

The percentage of earnings paid to shareholders in dividends.

Calculated as:

   

Remember:

- A reduction in dividends paid is looked poorly upon by investors, and the stock price usually depreciates as investors seek other dividend-paying stocks.

- A stable dividend payout ratio indicates a solid dividend policy by the company's board of directors.

 

The payout ratio provides an idea of how well earnings support the dividend payments. More mature companies tend to have a higher payout ratio.

 

http://www.investopedia.com/terms/d/dividendpayoutratio.asp

 

Dividend Coverage Ratio

Dividend Coverage Ratio states the number of times an organization is capable of paying dividends to shareholders from the profits earned during an accounting period.



Dividend cover in respect of ordinary share capital may be calculated as follows:

Dividend Cover Ratio	=	Profit after tax - Dividend paid on Irredeemable Preference Shares
		Dividend paid to Ordinary Shareholders

Dividend Coverage Ratio indicates the capacity of an organization to pay dividends out of profit attributable to the share holders. A dividend cover of 3 implies that a company has sufficient earnings to pay dividends amounting to 3 times of the present dividend payout during the period. When calculating dividend coverage for ordinary share capital, it is necessary to deduct any dividend paid on irredeemable preference shares from the net profit earned during the accounting period in order to arrive at the earnings attributable to ordinary share holders. Dividend on redeemable preference shares is already deducted from the income statement as interest expense (finance cost) and hence no further adjustment is required in its respect in the dividend cover calculation.

http://accounting-simplified.com/financial/ratio-analysis/dividend-coverage.html

Koh Wee Meng - Founder, Executive Chairman and CEO of Singapore-listed Fragrance Group

Koh Wee Meng is a Singaporean property tycoon who has a net worth of $1.4 billion.

Koh Wee Meng broke off family's jewelry retailer Aspial in the 1990′s to make his fortune in real estate.

 He is the Founder, Executive Chairman and CEO of Singapore-listed Fragrance Group, a company that mostly buys and sells affordable residential properties and operates a budget hotel. It was in April 2012, when Koh spun off Fragrance's hotel arm into Global Premium Hotels, listing the budget hotel chain, while he is now expanding it into commercial real estate.

 In addition to his property business, Koh is an avid vintage car collector. As such, he made headlines back in 2008 for suing a Rolls-Royce dealer in Singapore for allegedly selling him a defective Phantom car.

http://www.celebritynetworth.com/richest-businessmen/richest-billionaires/koh-wee-meng-net-worth/

Ronald D. Widdows - Chairman of the World Shipping Council - CEO Rickmers Holding and Rickmers-Linie

Ron D Widdows joined Rickmers Group as Chief Executive Officer of Rickmers Holding and Rickmers-Linie in April 2012.

He has over 40 years' experience in the shipping industry, the last 31 years of which were with APL and Neptune Orient Lines Ltd where he held the position of Group President and CEO.

Mr. Widdows is currently the chairman of the World Shipping Council, which is based in Washington DC, and is on the Advisory Boards of the US Merchant Marine Academy in Kings Point NY and the International Transport Forum, based in Europe. He is a past chariman of the Transpacific Stabilization Agreement.

http://www.worldshipping.org/about-the-council/board-members/ronald-d-widdows

Edmund Cheng Wai Wing - Chairman of the Board of Directors of Mapletree Investments Pte Ltd

Mr Edmund Cheng is the Chairman of the Board of Directors of Mapletree Investments Pte Ltd (MIPL). He is also the Chairman of its Executive Resource and Compensation Committee and Investment Committee.

Mr Cheng is concurrently the Deputy Chairman of Wing Tai Holdings Limited, Chairman of SATS Ltd (both listed on the Singapore Exchange) and Executive Director of Wing Tai Malaysia Berhad (a company listed on Bursa Malaysia).

Apart from his wealth of experience as a property developer, Mr Cheng is actively involved in the public and private sectors. He is the immediate past Chairman of the National Arts Council where he was involved in national efforts to promote and develop an arts landscape that will enhance vibrancy in the economy and society (2005 – 2013). Mr Cheng previously served as Chairman of the Singapore Tourism Board (1993 – 2001), The Old Parliament House Limited (2002 – 2006), The Esplanade Co. Ltd (2003 – 2005), and as Founding Chairman of Design Singapore Council (2003 – 2008) and a member on the Board of Trustees of Nanyang Technological University (2007 – 2012). He also served on the Boards of the Urban Redevelopment Authority (1991 – 1994), the Construction Industry Development Board (1992 – 1994) and Singapore Airlines Limited (1996 – 2004). A past President of the Real Estate Developers’ Association of Singapore (REDAS), Mr Cheng remains a member of its Presidential Council.

Mr Cheng was awarded The Public Service Star (BAR) in 2010 and The Public Service Star (BBM) in 1999 by the Singapore Government for his significant contributions. He also received the Outstanding Contribution to Tourism Award from the President of Singapore in 2002. In 2009, he was conferred “Officier de l’Ordre des Arts et des Lettres” by the Government of the Republic of France.

http://www.mapletree.com.sg/Our-Company/Leadership/BOD.aspx