Manila, Philippines
geri@investmoney.com.ph

Tag: PSE: SMPH

lamudi affordable housing fair

Lamudi Affordable Housing Fair July 2019

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Lamudi is bringing its Lamudi Affordable Housing Fair to the Glorietta Activity Center this July 20 to 21, 2019.

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SMDC Grace Residences Lily Turnover Updates

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We are not irate or complaining. Impatiently excited yes. A few days or weeks delay is bearable, since we’ve been waiting for 4 years now, but with the right amount of pressure, hopefully the wait until 31Jan2017 won’t be necessary.

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Au-Ghost Month for PSEi?

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Every year, market participants see August as ghost month, and this year, according to Chinese Lunar calendars, it will be from Aug 3 to 31. During this period, believers do not make any major investments, transactions or agreements as the period is well, inauspicious.

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SMDC Grace Residences Updates: Tower 1 Turnover and Site Pictures

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The agent assigned onsite, named Gerald, was kind enough to give us a tour of the Orchid tower to see what it looks like, as well as some amenities so below are some more pictures. When asked if Tower 2 – Lily is within schedule of 4Q2016 turn-over, he said that it might be safe to expect it by Jan2017. Sigh.

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SMDC Grace Residences: Updated Countdown to Turnover

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This is just our own unofficial countdown. If you ask SMDC peeps, they are not yet willing to commit to a turnover date but based on our request of DP extension to SMDC (from Dec2015 to Dec2016 in lieu of delayed turnover, a request which they granted), it seems that Dec2016 / 4Q2016 is indeed a more plausible turn-over timetable.

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SMDC Grace Residences: Parking Slots

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I was surprised to learn that the cost per parking slot now starts at PHP750K, exclusive of 12% VAT and 6.5% other charges. So all in all, it’s at least PHP888,750. Crazy. I wonder how much the rival developer’s parking slot costs now, three years since. I just hope this means the property valuation of the actual condo unit has already appreciated too.

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SMDC Grace Residences Updates: Construction Site Pictures

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Based from the sales agent manning the Grace Residences showroom on-site, expected turn-over of Orchid Tower is 1H16 while Lily Tower is towards end of 2016. That means timelines have moved around 6 months later compared to initial timelines provided 2 years ago.

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Juan Liners: Ayala Lucky in PPPs? SM Ignored? More MPIC Challenges

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For other juicy corporate updates, aside from Biz Buzz, you might want to try Cocktales of Interaksyon and Business Incidental of Malaya.

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Truly Rich Club Stock Tip: LaFarge Republic Inc & Unexpected Dividend

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At market price of 11.60 per share, the Php0.45 dividend is already a 3.88% return (not yet net of tax). So what? Well this is among the biggest dividends I’ve received percent wise. The usual I get is 1% to 2% of stock price.

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SM Consolidates Real Estate Companies: SMDC etc Merges into New SM Prime

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I hope this synergy proves beneficial to the shareholders of the companies involved. Personal disclosure is that I have both SMPH and SMDC shares.

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