Peter Lim's Rowsley creates money out of thin air, despite Lee Kuan Yew's warning
These two stories make the point that Rowsley's value is predicated on proprietary rights that are far from secure, and that the share price of yet another SGX counter rises despite obvious concerns about itts underlying value. What makes this interesting is that the warning has come, in part, from none other than Lee Kuan Yew GCMG: How Singapore Billionaire Peter Lim Makes Money From Thin Air Not a single brick has been laid and the ground has yet to be broken on Singapore billionaire Peter Lim ’s real estate venture in Malaysia’s Iskandar project. But it has already added around $95 million to his net worth on the basis of 29.9% shareholding of his investment vehicle Rowsley. Shares of the company are up around 370% since the real estate venture was announced. http://www.forbes.com/sites/neerjajetley/2013/09/02/how-singapore-billionaire-peter-lim-makes-money-from-thin-air/ Singapore’s Lee Kuan Yew sounds a warning on Iskandar In his book "One Man's View Of The Worl...