Stellar@Tampines Drives Soon Hock Enterprise’s Stock Higher: Award-Winning Industrial Project Surges to 71% Pre-Sales, S\$326.5m GDV Signals Strong Investor Confidence

Key Highlights for Investors

• Strong Pre-Sales Momentum: Soon Hock Enterprise has pre-sold 222 out of 311 available units (approx. 71%) in its new nine-storey industrial development, Stellar@Tampines, as of 31 October 2025. This marks a significant increase from 168 units pre-sold just six weeks earlier, as of 15 September 2025. Options to purchase (OTP) have also been issued for an additional 24 units, with a structured three-week exercise period for buyers.
• Award-Winning Development: Stellar@Tampines was recently named Top Industrial Development at the EdgeProp Singapore Excellence Awards 2025, a prestigious accolade that recognises innovation, sustainability, and adaptability in property development. This is only the second time an industrial project has received this award in Singapore, underscoring the project’s market leadership and design excellence.
• Major Project Value: The project carries an estimated Gross Development Value (GDV) of S\$326.5 million, as disclosed in the Company’s prospectus. The total saleable area is 49,558 square metres, offering substantial revenue visibility for the Group.
• Development Timeline and Milestones: Partial Temporary Occupancy Permit (TOP) is targeted by end of 2025, with full TOP expected by March 2026. This provides clear visibility for revenue recognition and cash flow for Soon Hock Enterprise in the near term.
• Market Relevance and Design Excellence: Stellar@Tampines is a modern B2 industrial development, combining architectural sophistication with practical, future-oriented designs. The development is expected to attract businesses looking to modernise and optimise operations, supporting tenant retention and long-term capital appreciation.
• Company Track Record: Soon Hock Enterprise has managed projects with a cumulative GDV of over S\$1.0 billion, evidencing a robust management team and successful execution history. The Company also invests in properties for recurring income, diversifying its revenue streams.

Price-Sensitive Information and Potential Impact on Share Value

• Rapid Sales Uptake: The substantial increase in pre-sold units in a short timeframe signals strong market demand and investor confidence in the Group’s ability to deliver high-value projects. This momentum may have a positive impact on share price as it demonstrates both immediate sales success and long-term value creation.
• Award Recognition: Winning a major industry award enhances the Company’s brand equity and market positioning, which could attract more buyers and investors, supporting share price appreciation.
• Clear Development Milestones: The announcement of definitive TOP timelines reduces execution risk and boosts investor confidence in project delivery, potentially driving share price higher as revenue and profit recognition becomes imminent.
• Potential for Capital Appreciation: The Group’s user-centric and forward-thinking development strategy positions its assets for stronger tenant retention, reduced vacancy, and greater potential for value uplift, directly benefiting shareholders.

Management Commentary

Executive Director and CEO, Mr. Walter Tan Min Loon, stated, “The continued strong pre-sales performance demonstrates the market’s confidence in Stellar@Tampines’ flexible layouts, functional design, and future-ready features, which are all hallmarks of a property developed by Soon Hock Enterprise. Along with the recent EdgeProp recognition, it reflects Soon Hock Enterprise’s commitment to developing industrial spaces that are adaptable, practical, and capable of supporting business growth and innovation. Our core design philosophy, which is combining flexibility, thoughtful design, and long-term value, continues to effectively meet the evolving needs of businesses seeking to modernise and optimise their operations.”

About Soon Hock Enterprise Holding Limited

Soon Hock Enterprise Holding Limited is a well-established real estate developer in Singapore, with expertise in both industrial property development and investment. The Group has a proven track record of executing and monetising projects, guided by a user-centric and forward-thinking design philosophy. Its site selection framework aims to preserve long-term capital value while ensuring strong tenant retention and low vacancy risk, positioning its assets for sustainable capital appreciation.

Investor Takeaways

The combination of vigorous pre-sales, major industry recognition, significant GDV, and a proven management track record makes this development a potential catalyst for Soon Hock Enterprise’s share price. The positive sales momentum and prestigious award are likely to enhance investor sentiment, while the transparent project milestones offer clear visibility for future earnings and cash flows.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult with professional advisors before making investment decisions.

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