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.

TC CHART


What can be deduced from the above chart?
  • There was an unprecedented avalanche of units put up for sale post en bloc in 2009 - 2010. 
  • A large supply would normally depress the market price but even so, TC worked against this trend and saw a 63% increase since the pre-en bloc high of $520k in Oct 2006.
  • With supply now showing signs of tapering off; the price should rise even further. 
  • 2010 is not over, and perhaps the $900k threshold will be reached by New Year.
  • TC is not losing value as it ages as there are mitigating influences which push the price upward, namely: size, location, low maintenance fee, convenience and environment and, even though I hate to say it, that elusory 'en bloc potential'.

1 comment:

  1. Market Value is often determined by the sentiment. If there people who feels good about the economy, or their home, they can push up the price envelope. Soon you get the ripple effect, done at the right time, others will soon follow and prices will go upwards. Look at the housing, the prices is still going up though slower, but still up!
    The other direction is true. If someone is desperate and sells low, buyers will wait for the next desperate seller.
    The key then is NOT to put yourself in a position where you are desperate where you are forced to short sell.
    If you desperate to sell, don't drag others down via en-bloc.

    ReplyDelete