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.

Popping up like mushrooms


The following posts are old posts. I will update REPLACEMENT COST when I have done some research on the matter.



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New condominiums and executive condminiums are popping up like mushrooms in  outer Tampines / Pasir Ris / Bedok Reservoir area.



Tampines Court and it's prime location in TC: walking distance to 3 shopping centres, 4xFairprice, Cold Storage,  food centres, wet market, PIE, Safra, CC, MRT, even a butterfly park, you name it, we got it. Everything you need at your doorstep. 

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As units get smaller, the psf gets higher. What will the price be like in 2 years time for new units in this area? We can't even afford a full sized unit at today's price. And yes, I expect nothing less than a new unit for all this collective sale trouble, and no, Pasir Ris is not equivalent to Tampines and is just too far flung for comfort so why would you swop what you have for there? Next stop Batam.  The Flora Drive area is a nighmare for traffic plus the fact that it has no shops nearby. It's also in a hole.
The secondary market will not be lower than today's launch price - so even at this point in the game, we know we are being outpriced in the still rising market.

If the market keeps rising - then the RP should rise in tandem.

2 comments:

  1. Your location of The Palette is out of the way. It is at junction of Pasir Ris Dr 1 and Dr 8.

    ReplyDelete