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."
Drop Down MenusCSS Drop Down MenuPure CSS Dropdown Menu
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.



3 comments:

  1. HDB receives 7 bids for Punggol Central mixed site (CNA)

    SINGAPORE : Joint tenderers Emerald Star and FC Retail Trustee have submitted the highest bid of S$1.021 billion for a mixed commercial and residential site at Punggol Central/Punggol Walk.

    The Housing and Development Board (HDB) received a total of seven bids at the close of its tender on Tuesday.

    The 29,999 square metre site is being offered for sale on a 99-year lease.

    It has a maximum gross floor area of 125,997 square metres, which can yield an estimated 685 dwelling units.

    The top bid of S$1.021 billion for the land parcel translates to about S$8,103 per square metre per gross floor area.

    The next highest bid of S$849.8 million came from the Punggol Retail Development and Qingdao Construction joint venture, followed by a S$786 million joint bid by Keppel Land Realty and K-Commercial Management.

    The lowest bid of S$250 million was submitted by Mezzo Development.

    The land parcel was launched for public tender on November 30 last year.

    HDB said it would evaluate the bids and announce the final tender results at a later date.

    Analysts said the site's proximity to the Punggol MRT station was among its main draws.

    - We have proximity to 2 MRTs and one more by 2015! - This is why we are GEM.

    ReplyDelete
  2. yes, you have proximity to 2 mrts, well and good. 2 mrt is better than one... the price should double.

    but i think they are just on top of the mrt and probably accessible by elevator.

    ReplyDelete
  3. Going by what you said, it should triple, one more MRT coming up, which is not the case, though I wish..
    TC is a GEM because of proximity to many other amenities within walking distance.
    The point is to put all these plus points together in a sale that is worthy of the estate.

    ReplyDelete