"I am a BLOGGER NOT an expert. This is a BLOG not a 'go-to' website for official information. I represent no one's view save my own. I have neither legal nor financial training, nor do I have anything to do with the real estate industry. My understanding of the Collective Sale Process is from a layman's position only. My calculations, computations and tables are homespun and may contain errors. Please note that nothing in this blog constitutes any legal or financial advice to anyone reading it. You should refer to your lawyer, CSC or financial adviser for expert advice before making any decision. This disclaimer is applicable to every post and comment on the blog. Read at your own risk."
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There is one thing worse than an Enbloc ----- and that is an Enbloc done badly. Since the majority have the necessary mandate to sell, then they owe it to all SPs to make a success of it. Minority SPs can only watch and wait, if they sell then lets pray it's at a price we can move on with, if they don't sell, then we are happy to stay for a few more years.


It's time for another hiatus.

I hope there are no more flyers which require 'hanging out', no more 'dirty linen' to air, I did not create these masterpieces and all 'team' errors up to now have been entirely of their own making.
Putting them together and chronicling their path has brought out the comedic side to our collective sale. It is indeed a laughing matter, and only a 'laughing stock' if outsiders actually care. 

But Outsiders? Really? Who would google Tampines Court except those who know the place. It is a unique name hence the reason why it is top in search.

Relax, our funny estate is not on the world radar.

But nothing much will happen now anyhow until the meeting on July 1st and the Tender on July 4th (Independence day in the US). 

So, time to hit the snooze button.

My Armchair Residual Land Valuation (REVISED)

Please note, I am not in any way shape or form connected to the real estate industry. My calculations are based on looking at RLV's done by various marketing agents in Round 1 and Round 2 as well as the URA website. There is no golden standard or set way of doing this calculation unfortunately. 

  21 JUNE 2017
In the light of the recent sales of 3 ex-HUDC with psfppr's over $700 - I believe my Tampines Court calculation should increase it's present $637 to at least $684 psfppr . I have done this by increasing the average selling price psf of new units in the new development form $1200 to $1250. A very modest and reasonable increase seeing as these units will only come on line in 3-5 years


Serangoon Ville Enbloc