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.

GLS 1H2012

I think TC should forget about en bloc for a couple of years - there are no less than 6 GLS sites coming up for sale in the first half of 2012 in our area:


Confirmed List
Residential Sites
1
Upper Serangoon View / Upper Serangoon Road (EC)
Jan-12

HDB
2
Hillview Avenue
URA
3
Fernvale Lane (EC)
Feb-12
HDB
4
Elias Road / Pasir Ris Drive 3
HDB
5
Punggol Central / Edgefield Plains (EC)(3)
HDB
6
Woodlands Avenue 5 / Woodlands Drive 16 (EC)  (3)
Mar-12
HDB
7
Tampines Avenue 9 / Tampines Avenue 7 (EC) (3)
HDB
8
Tampines Avenue 10 / Tampines Avenue 1 (Parcel A) (3)
URA
9
Buangkok Drive / Sengkang Central
Apr-12
URA
10
Sengkang Square / Compassvale Drive
HDB
11
Pasir Ris Drive 3 / Pasir Ris Drive 10 (3)
URA
12
Upper Serangoon Road / Pheng Geck Avenue (Parcel B)
May-12
URA
13
Tanah Merah Kechil Road / Tanah Merah Kechil Link
Jun-12
URA
14
Bright Hill Drive (3)
HDB
Reserve List
Residential Sites
1
Jalan Jurong Kechil
Already Available
URA
2
Bishan Street 14
HDB
3
Stirling Road
Dec-11
URA
4
Boon Lay Way
URA
5
Punggol Way/Punggol Walk (EC) (3)
Feb-12
HDB
6
Tampines Ave 10 (Parcel B) (3)
Mar-12
URA
7
Tiong Bahru Road / Alexandra View (3)
Apr-12
URA
8
Farrer Drive (3)
URA
9
Farrer  Road / Lutheran Road (3)
URA
10
Tiong Bahru Road / Kim Tian Road (3)
May-12
URA
11
Prince Charles Crescent (3)
URA
12
Sengkang West Way (3)
HDB
13
Upper Serangoon Road / Tai Thong Crescent (3)
URA
14
New Upper Changi Road / Bedok Road (3)
Jun-12
URA
15
Dairy Farm Road (3)
URA

6 comments:

  1. It's a double wammy which I believe the government is definitely working hard to keep housing from going further up.
    By the hefty increase in stamp duties, it send signals to the developers that demand will come down. By announcing the GLS, the government is saying the supply will go up. In simple economic terms, price will come down.
    It means, developers, no matter how low the RP for TC en-bloc, if it is not lower than GLS, it is not worth the hassle because prices are coming down.
    This is the desired side effect is to slow or stop en-bloc indirectly. Because more than 500 families looking for homes with cash will spell more headaches for MND.
    Let me give you 2 cents worth. TC enbloc never learn lesson.
    The housing industry is always in a cycle, it goes up and it'll come down and up again.
    Prepare en-bloc when market is down with a positive outlook. It usually is down for 1.5 to 2 years. When the market turns, start getting the signatures for the very positive RP, because the market is hyped up, developers will be more willing to bid higher.
    Don't start the ball when market is up, because just when you are ready, the market turns down... 2 times already!
    But all this is too late... MND will curb housing prices till it's within the comfort level w.r.t. the outlook of the economy.

    ReplyDelete
  2. This is what the Developer's mindset is, they just must make money at everyone's expense:
    http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1170030/1/.html

    I think this is one time MND move that is rightly done; that is without consulting the industry. Because all the Developers want is to make money and didn't consult you or the government.

    ReplyDelete
  3. There is nothing exceptional about TC... The lease is reducing...large condo supply is coming on stream... More GLS is coming on stream.... Gone case.... Another 10 years...

    ReplyDelete
  4. So this is the gem u guys are talking about?? Good to see and feel but unsellable?

    ReplyDelete
  5. @So this is the gem...
    You got the discussion wrong...
    The Discussion is that developers will not buy because of economic uncertainties, Government cooling measures and land sales, etc.
    It is a gem, good to see, feel, to live in. And if you want to sell as a unit, over a million dollars for a more than 20yrs old apartment!

    ReplyDelete
  6. I read this blog for its wealth of information.

    but i have a feeling it is becoming more and more bias.

    This is like TOC or TRE. Might as well call it anti enbloc of Tampines Court.

    For the record, i am neutral on the sales, good price, all the better. bad price? dont sell. thats my take.

    ReplyDelete