Disclaimer






"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.

DEVELOPERS' WINDFALL

THIS IS A VERY OLD POST THAT NEEDS UPDATING. It follows something the MA said today about Developers and their profit margins. I will update the charts below but it will take time, as the computer that stored the charts crashed a long time ago and all data lost.


One way to prove that it is the developers and NOT original owners who are the ones to reap the benefits of a collective sale is to follow the money. Many new developments are coming on line on former en blocked estates so it is only now we are able to take a closer look and put FACTS on the table.

I am looking at the ex-HUDC estates and the new estates rising in their ashes. Also land sales in the area and their emerging condominiums.

Waterfront View and Tampines Court are almost the same size - so what happens over there is a good indication of what will happen to TC should it have a collective sale. Our plot ratio is 10% higher at 2.8 and those who think that is a small matter, well it is not, it translates into many millions more for the developer.

If you have a gold bar to sell, you don't sell it for the price of silver.

TO DATE 
CAVEATS LODGED
( 4 FEB, 2012).


THESE TABLES ARE MY OWN - THEY ARE NOT OFFICIAL IN ANY WAY.    
AS I TYPE IN THE DATA MANUALLY, THERE MAY BE ERRORS. 
MY SOURCES ARE HERE, THERE AND EVERYWHERE, PULLED TOGETHER.


 Waterfront View /  Waterfront Collection
Waterfront Collection has passed the $1.5 Billion mark 
 Gillman Heights / The Interlace

 Amberville / Silversea
 Minton Rise / The Minton
 Farrer Court / D'Leedon

 Tampines Court (Round 1)




 GLS / Waterview
GLS / My Manhattan
GLS / Oasis@Elias                                                                                                                  
GLS / Hedges Park Condominium
GLS / Archipelago
GLS / Seastrand


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