September 10, 2010

DEVELOPERS' WINDFALL


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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