CDL tries to con gahmen into reducing it's CEO's ideal:actual bonus-income gap. - Singapore Forums by SGClub.com
Singapore Forums by SGClub.com
Sitemap Contact Us FAQ Singapore Forums by SGClub.com
Home Photos Member List Register Mark Forums Read  
Go Back Home > Lifestyle > Workplace and Business Forum » CDL tries to con gahmen into reducing it's CEO's ideal:actual bonus-income gap.

Why aren't you a member of SGClub.com yet??

» Join 130,000+ other members in chatting.
» Make lots of new friends here.
» Keep up-to-date with current events.
» Participate in Club outings.
» Download lots of Free Stuff!

Registration just takes 2mins and is absolutely free so join our community today!

I Want to Choose my Own Personal Nickname Now!


Reply
 
LinkBack Thread Tools Display Modes
Old 23rd May 2015, 02:07 AM   #1 (permalink)
Addicted SGClubber
BicCherry will become famous soon enough

 
BicCherry's Avatar
 
Posts: 986
Join Date: Mar 2010
Likes: 36
Liked 23 Times in 21 Posts
Gender:

CDL tries to con gahmen into reducing it's CEO's ideal:actual bonus-income gap.

CDL tries to con gahmen into reducing it's CEO's ideal:actual bonus-income gap.

"PROPERTY investment can help fight income inequality as it gives people a viable asset that they can add to their portfolios, said City Developments (CDL) yesterday."
I believe that the only income inequality that CDL is striving to reduce is that between the CEO's ideal bonus and what his actual annual bonus is...
Never read such bull as this... Perhaps as CSR, CDL should give every Singapore resident under the HDB rental scheme a free abode to stay in for the rest of their lives so that every Singaporean/ PR can have a permanent shelter to call home... That dear CDL Executive Chairman Mr Kwek Leng Beng, will instantly reduce income gap between rich and poor in Singapore... u don't agree???!!!

CDL: Property investment can help narrow income gap
Friday, May 15, 2015
Rennie Whang
The Straits Times
PROPERTY investment can help fight income inequality as it gives people a viable asset that they can add to their portfolios, said City Developments (CDL) yesterday.

The firm also said it hoped the Government would tweak some of the property cooling measures that have "stamped out speculation" in the market.

It believes one way to help narrow the income gap "is to enable people to invest in different classes of assets so that they can diversify their investment portfolio - and property should be part of the basket of assets", it said in remarks as part of its first-quarter results.

CDL noted that it has seen "the majority of property buyers follow the 'herd instinct'". When prices fall, they tend to "wait and see", but when there is increased activity and prices start rising, more people are eager to buy. "Quite often, this psychology of property buyers and other factors outweigh the fundamentals of supply and demand projections."

But while statistics provide part of the overall market assessment, "investors must realise that the property market is cyclical in nature", it added. "History has shown that real estate assets in a safe and stable environment like Singapore remain a good investment when viewed with a medium- to long-term perspective."

CDL announced a rise in first-quarter net profit to $123.03 million, a 2.8 per cent increase on a year earlier, thanks to contributions from property development and hotel operations.

Revenue for the three months to March 31 was up 11 per cent to $814.94 million. Turnover from development, including projects such as Coco Palms, D'Nest and Jewel @ Buangkok, rose 16 per cent to $298.57 million.

Despite headwinds in the local residential market, the firm noted, quality projects in good locations will still attract discerning buyers. It will launch two new projects in the second half of this year - The Brownstone, a 638-unit executive condominium in Sembawang, and Gramercy Park, a 174-unit freehold condo in Grange Road.

Revenue from hotel operations rose 6.2 per cent to $375.98 million, thanks to income from new hotels acquired last year and better performance from refurbished outlets. Revenue from rental properties rose 4.3 per cent to $99.19 million while turnover from other sources was up 47.3 per cent to $41.21 million.

Earnings per share was 13.5 cents for the quarter, up from 13.2 cents a year back. Net asset value per share was $9.43 as at March 31, up from $9.25 as at Dec 31. A dividend of 1.93 cents per preference share was declared, to be paid out on June 30.

CDL shares closed up nine cents to $10.19 yesterday.

At a glance
Net profit: $123.03 million (+2.8 per cent)
Revenue: $814.94 million (+11 per cent)
wrennie@sph.com.sg
http://business.asiaone.com/news/cdl...row-income-gap
If these snakes really manage to con PAP gahmen, where the following harebrained MP Lim WK is hopefully a minority, then PAP really has no dignity...
"If the annual salary of the Minister of Information, Communication and Arts is only $500,000, it may pose some problems when he discuss policies with media CEOs who earn millions of dollars because they need not listen to the minister's ideas and proposals. Hence, a reasonable payout will help to maintain a bit of dignity."
- MP Lim Wee Kiak apologises for comments on pay
[IMG URL]

Sponsors:
__________________
"Greater is he who works for the good of all, then he who works for the good of himself only"
BicCherry is online now  
Add to BicCherry's Reputation Reply With Quote
Old 23rd May 2015, 02:18 AM   #2 (permalink)
Addicted SGClubber
BicCherry will become famous soon enough

 
BicCherry's Avatar
 
Posts: 986
Join Date: Mar 2010
Likes: 36
Liked 23 Times in 21 Posts
Gender:

Re: CDL tries to con gahmen into reducing it's CEO's ideal:actual bonus-income gap.

The Straits Times, Published on May 21, 2015
Property investment won't narrow income gap
I WAS surprised to read that real estate developer City Developments (CDL) suggested that property investment could help fight income inequality ("CDL: Property investment can help narrow income gap"; last Thursday).
It seems that CDL, like most developers, is hoping that the Government will tweak its property cooling measures to boost sales and raise its profits.
When Singapore's private and public property prices rose from 2005 to 2012, CDL made record good profits for its directors.
CDL should have paid out at least 75 per cent of its net profit as dividends to its shareholders.
The increase in property prices was largely due to our increased population, low interest rates, and the lack of government measures to curb foreigners, permanent residents (PRs) and even locals from buying multiple properties in land-scarce Singapore.
The Government must continue to ensure that foreigners and PRs cannot purchase freehold or 999-year leasehold landed properties, and also continue to place a tax on foreigners, PRs and corporate private and industrial property buyers.
HDB upgraders contributed to the increase in private property purchases last month, but the more worrying sign is Singaporeans and PRs buying smaller condominium units simply because they look "affordable".
If you are lucky enough to find a tenant, the gross yield is no more than 2.75 per cent a year. With increased housing loan interest rates, maintenance fees, sinking funds and 10 per cent rental property tax; it would make better sense to buy other financial products for better yield, or to keep your Central Provident Fund money for a guaranteed 4 per cent annual return.
The Government must also keep watch on developers or housing agents (both local and foreign) marketing overseas projects here.
Many Singaporeans suffered in their property investments during the worldwide recession in 1985, the Asian financial crisis in 1997 and the Lehman financial crisis in 2008; some even went bankrupt.
The Government's emphasis on better education and lifelong learning is the key to better jobs and opportunities, which are the best ways to fight income inequality.
Statutory boards, multinational companies, along with small and medium-sized enterprises, must play their part in training Singaporeans and in giving them a chance to rise to senior management positions.

David Goh Chee Hoe
http://www.straitstimes.com/premium/...e-gap-20150521

__________________
"Greater is he who works for the good of all, then he who works for the good of himself only"
BicCherry is online now   Add to BicCherry's Reputation Reply With Quote
Reply

Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Civil Service bonus to be linked to socio-economic progress of average and lower-income citizens *StarDust* Workplace and Business Forum 1 8th April 2013 07:05 PM
Apple CEO's pay takes big hit vs. record 2011 package EightyOne International & Singapore News 1 28th December 2012 06:06 PM
Ex-M1 CEO's son fined christmas_ International & Singapore News 20 20th September 2009 07:55 PM
Apple CEO's health at risk? richardsng_era International & Singapore News 0 4th October 2008 07:14 PM
Workers eligible for Workfare Bonus 2007 can declare income from Feb 1 violette International & Singapore News 19 31st January 2007 12:26 PM

» Sponsors
Watch Free Movies Online
Celebrity Gossip
Food Delivery

» Facebook Fans
» What's Going On?
Title, Username, & Date
Increased GST needed to support rising expenditures
Inspirational Songs
Aoki Hagane no Arpeggio: Ars Nova
Post anything random on this thread.
Windows 10 - Modern Setup Host Has Stopped - Help Needed
More than 75 per cent of Singaporeans support Hong Kong protests: Survey
Stamford Catering's food hygiene grade cut to 'C' after 52 people fall ill
Several Myanmar nationals arrested for supporting armed violence, will be deported: MHA
Ler Teck Siang allegedly advertised drug injection services on Grindr with profile name...
2 batches of Crottin De Pays goat cheese recalled: Singapore Food Agency
A2 App Performance microSD Review
Singapore bans bottled water from Malaysia's Malee Mineral Water after bacteria found
Your Bones Are Getting Weaker, Here's How to Keep Them Healthy
Police warn of fake police officer who tries to get ATM card details through video call...
HSA warns against using 4 skin creams for diaper rash, eczema after baby hospitalised
5 things you should know about food poisoning
How to Answer The 64 Toughest Interview Questions
Completed Reservist Cycle and Get A Damn Watch
eoqrbjcz
is $40 expensive for hair and makeup by a professional at my place?
Featured Photos
by marisoljames322
· · ·
Member Galleries
20359 photos
13619 comments
by marisoljames322
· · ·
Member Galleries
20359 photos
13619 comments
by pdsubbu
· · ·
Member Galleries
20359 photos
13619 comments
by Vikas Dhar
· · ·
Photography
35 photos
36 comments
by aaudreygan
· · ·
Guy Photos
1581 photos
946 comments
by aaudreygan
· · ·
Girl Photos
4352 photos
26065 comments
by a8paris
· · ·
Guy Photos
1581 photos
946 comments
by a8paris
· · ·
Guy Photos
1581 photos
946 comments
by aaricia
· · ·
Girl Photos
4352 photos
26065 comments
by aaricia
· · ·
Girl Photos
4352 photos
26065 comments

 

All times are GMT +8. The time now is 11:57 AM.


Powered by vBulletin
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Copyright© 2004-2013 SGClub.com. All rights reserved.