How KSH Holdings is milking benefits from its 13 property projects

6 of these were 80% sold.

According to UOB Kay Hian, through its investment in associates, KSH has interest in 13 property development projects, with stakes varying from 25% to 45%.

UOB Kay Hian noted that six of these projects, that were fully launched, have been more than 80% sold. Sales in the two recent launches NEWest and KAP have also been brisk, with more than 50% of the units sold since its launch in May.

Here's more:

For FY13, profit contribution from only three projects (Cityscape, The Boutiq and Rezi 26) has already amounted to S$16.6m (S$0.04/share). With additional profits from other development projects like The Palacio and Sky Green expected to be recognised going forward, we expect KSH to enjoy strong earnings growth.