Well, at least until October 2023. But first, let me state that this post is not exactly a discussion on APAC Realty. I don’t own APAC Realty’s shares, I traded it twice, and was fortunate to walk away with a mere couple of grand in profits, but that’s about it. This is specifically, a discussion of APAC’s recent acquisition of Hersing Centre. (And the numbers behind it) On the 10th Sept 2018, APAC completed the acquisition of Hersing Centre, situated in Toa Payoh, and renamed it ERA Centre. The plan is to use ERA Centre as the headquarters, while simultaneously generating rental income from leasing out the retail units. “The Property is a leasehold commercial property with a site area of approximately 1,392.4 square metres and a gross floor area of 4,121.4 sq

Singapore’s real estate market was erratic in 2018. Initial optimism in the first half of the year sent private property prices up nearly 10%, with en-bloc fever hitting the country. However, in a shock turn of events, the announcement of additional property cooling measures in July 2018 by the Singapore government killed the optimism. Unsurprisingly, investors reacted by selling down the two publicly-listed real estate brokerage firms, PropNex Ltd (SGX: OYY) and APAC Realty Ltd (SGX: CLN). These two companies now trade some 33% and 65% below their respective highs. However, in my view, the steep sell-down seems harsh, considering the dominant market positions of the companies and long-term resilience of Singapore’s real estate market. Additionally, some analysts still expect

The Straits Times Index (SGX: ^STI) has rallied 2.1% as of the time of writing today. The spike comes after US President Donald Trump and Chinese President Xi Jinping agreed to a truce on the trade war over dinner on Saturday after the G20 summit. If you are wondering what stocks you should consider for your portfolio amid the rally, you have to look no further. Using data from S&P Global Market Intelligence and the Magic Formula investing strategy developed by investor Joel Greenblatt, I found some of the best Singapore-listed stocks for December that could go on to do well. The basic premise of the Magic Formula is to find the 30 best shares in the market as ranked by their cheapness and their quality, and to hold on to that basket shares for a year before repeating the ranking proc