ABSD and Developer’s Major Shareholders

These few months, i have been particularly interested in the ABSD and share buyback of the developers, for a couple of reasons.

  1. potentially looking for a good deal for a condo (in a hope of a fire sale, to clear their existing stock. unfortunately, this is an unlikely scenario in 2016. since the amount that they need to pay is probably not a lot, relatively. most of the fees are only due in 2017-18, so there is still plenty of time for the developers to sell their units)
  1. privatisation (from the last figure below. my opinion is that those owners with > 70% stands a high chance of it happening. e.g. HBL, GL, WL

so, any one working with developers got a super duper good deal for condos in the west? drop me an email =)



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