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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.

DC Rates Sept 2011

September Revision of Development Charge rates: URA Media Release
Tampines Court is Sector 98, Use Group B2: DC Rate: $3150

In the light of the change in DC rate, the marketing agent should resubmit their calculations for the Differential Premium and Lease Top-up for owners to view.

The change should not reflect in a lower reserve price as they have already lopped off 10% efficiency in their calculations and they should not use this change as an excuse to lower the RP even further. 

2 comments:

  1. Developer would know how to pass the increase DC rate to buyers. It's not our problem.

    Try to reduce RP at our expense, we don't sell. Period.

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  2. we are sel;ling the land and i believe 1.8 to 2mil is a real fair price... anything less is a sell out as we are selling the land and that is worth more then the apartments. Please do not be fooled by the agents as I know how they work being in the former group..

    ReplyDelete