Singapore Exchange-listed Alset International announced that an indirect subsidiary has procured an initial supply of Tesla PV Solar Panels, Powerwalls and EV Chargers to be installed at single-family homes.

BlackOak HoustonBlack Oak project in Houston.
The homes are being developed by its indirect subsidiary, Alset EHome Inc. a US-based property developer, which is a subsidiary of Alset EHome International Inc.

The Tesla products will be installed in 20 brand new homes at the Northpark Community in Porter, Texas.

Alset has 10 more homes under contract in the same community scheduled for closing at the end of this month.

Alset plans to acquire an additional 70 units in the Houston area, targeting a total of 100 so-called Ehome deliveries in 2021.


SG-listed Alset was known as Singapore eDevelopment until last year. Alset is Tesla spelt in reverse.

Alset stock  

6.2 c

52-week range

5.2 – 13.8 cts

Market cap

S$182 m

PE 

1.5

Dividend yield 

--

1-year return

12.5%

Shares outstanding

2.93 b

Source: Yahoo!

In addition, as homes in the first phase of one of Alset’s flagship developments, Alset at Black Oak, are nearly sold out, development on future phases is progressing well.

Alset strives to build a sustainable energy community with Ehomes featuring Tesla Solar PV Roof Panels, Tesla Powerwall and EV Chargers.

A total of 650 homes are planned at this development, located in Magnolia, Texas, north of Houston.

The community will integrate a clean energy ecosystem encompassing housing, transport, and electricity; it will include an amenity center featuring organic, modular/vertical vegetable farming, a café, visitor residences, infant/childcare clubs, and social events venue.

Future homes will be built with energy efficient platforms supporting clean, sterilized airflow and advanced communication systems.

Aligning with the vision of building a community founded on a sustainable carbon footprint, each Alset Ehome will come with a Tesla vehicle to promote the use of electric vehicles for a sustainable lifestyle.

Charley MacKenzie, the US CEO of Alset Ehome, Inc., commented: “We are delivering what we believe will be the model housing ecosystem of the future. As more people look to make sustainable choices in their selection of homes, we are keen on making the transition for our customers the easiest it can be. This will also help accelerate the world’s transition to sustainable energy.”

ChanHengFai SeD“Our plan is to develop over 5,000 intelligently designed Ehomes in the next 3-5 years. We are excited to develop the communities of the future in close collaboration with Tesla. Tesla’s products are not only technologically superior but also aesthetically pleasing. In addition to our rollout in the US, we plan to expand our concept on a global scale.”

-- Chan Heng Fai,
Chairman and CEO of Alset EHome International Inc.


Share Prices

Counter NameLastChange
AEM Holdings4.030-0.100
Avi-Tech Electronics0.2850.005
Broadway Ind0.137-0.001
China Sunsine0.455-0.010
DISA0.003-
Food Empire0.510-
Fortress Minerals0.310-0.030
Geo Energy Res0.365-0.005
Golden Energy0.795-0.015
GSS Energy0.050-
InnoTek0.435-
ISDN Holdings0.440-0.015
ISOTeam0.104-
IX Biopharma0.135-0.004
Jiutian Chemical0.079-
KSH Holdings0.340-0.005
Leader Env0.0500.001
Medtecs Intl0.110-0.004
Meta Health0.029-
Moya Asia0.088-0.001
Nordic Group0.495-0.010
Oxley Holdings0.158-0.002
REX International0.225-0.005
Riverstone0.545-0.010
Sinostar PEC0.180-0.010
Southern Alliance Mining0.630-
Straco Corp.0.410-
Sunpower Group0.285-0.005
The Trendlines0.085-0.004
Totm Technologies0.124-0.002
UG Healthcare0.179-0.001
Uni-Asia Group0.890-0.030
Wilmar Intl3.880-
Yangzijiang Shipbldg1.050-0.030

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 387 guests and no members online