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"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.

REGENT COURT

Regent Court put up for sale

Regent Court, a freehold residential property at 1091 Serangoon Road, has been put up for sale by tender.
The property has a combined land area of 38,857 square feet and is zoned for high rise residential development of up to 36 storeys.
It has a plot ratio of 2.8, which allows a maximum gross floor area of 108,800 square feet.
No development charge is payable.
According to its marketing agent Cushman & Wakefield, the land can allow the new developer to build some 200 apartment units with average sizes of 500 square feet.
The property is worth in access of S$83 million, translating to a minimum price of S$763 per square foot per plot ratio.
The minimum break even project cost works out to be about S$1,200 psf, said Cushman & Wakefield.
Donald Han, vice chairman of Cushman & Wakefiled said “the Serangoon area has been recognised as a strategic suburban residential area”.
This is due to its proximity to the city centre, as well as HDB upgraders’ interest to own and occupy condominiums.
The area also has potential to become a choice residential cluster, due to its relatively central location and its closeness to the new Nex shopping mall.
Cushman & Wakefield said the connectivity of the Serangoon area will be improved with the completion of the circle line and the Upper Serangoon PIE viaduct.
The tender exercise for Regent Court is expected to close on February 28, 2011.

Source : Channel NewsAsia – 20 Jan 2011

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