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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.

Fantastic

This is great... an Anonymous poster found a new website that takes care of all that tedious data collection and presents it in a clear and easy to read way.

Anonymous said...
Useful Website for Property!
Hi,

Sharing this property research website with everyone
http://www.squarefoot.com.sg

It publishes all the caveats, rental data, and makes price comparisons. For example, take a look at The Sail: http://www.squarefoot.com.sg/trends-and-analysis/residential?p=the-sail-marina-bay

If you are looking at a specific unit, you can enter the unit number at the top and it will pull out the data for that unit

It also has caveats for non-residential properties, for example Suntec City: http://www.squarefoot.com.sg/trends-and-analysis/non-residential?p=suntec-city

Just thought you guys might find it useful
The site also has good research articles and reports

Enjoy! 

Thank you Anonymous!

As pointed out by another Anonymous comment: the data for TC seems a bit off

There is no way that 70% of units are owned by Companies in TC.  




The last time I downloaded such data was last year and here it is:

Because TC was privatised in 2002, there is no data on ownership prior to that date.  So I am assuming that because there is missing data on the Realis books- they label them company? The data is only for those units that changed hands since 2002. And since 2002, NO COMPANY has bought a unit.

REPLY FROM SQUAREFOOT ( and I didn't even email them)

Hi!
I am from square foot. Thanks for highlighting the unusually large percentage of company purchases for Tampines Court. I just checked. The caveat for Far East / Frasers 07's en bloc purchase remains in Realis although it didn't succeed, hence the error in breakdown. The breakdown is based on number of units so you can imagine the weight that the failed en bloc transaction carries. I've amended our data. See http://www.squarefoot.com.sg/trends-and-analysis/residential?p=tampines-court
The updated breakdown is Singaporean 207, PR 19, Foreigner 6


Hope you find the website useful! 

Thank you, Sir. Your website is excellent.
However,  your updated TC data is still not quite there...
As I said before, the data only goes as far back as 2002 and only 41% of units are reported in Realis.  207 Singaporean buyers may represent 89.2% out of the 232 in the data....  but there are 560 units in total in TC.

The correct percentages should therefore be:
Singaporean: 36.96%
PR: 3.39%
Foreigner: 1.07%
Unknown: 58.57%

There is not much you can do about that, we are a hybrid HDB/PRIVATE creation, there are only a handful of us ex-HUDC's out there..




4 comments:

  1. Anonymous13 June, 2012

    From the squarefoot website, it is interesting to note that the Buyer profile by status for Tampines Court:

    Singaporeans 26.1%, PR 2.4%, Company 70.7%

    It is extremely high for Company buyers. Does it means that many TC units are owned by Company for investment purpose?

    ReplyDelete
  2. It's wrong.
    The last time I checked there were no units under company ownership. I will check again with Realis when I have the chance.

    ReplyDelete
  3. Hi!
    I am from square foot. Thanks for highlighting the unusually large percentage of company purchases for Tampines Court. I just checked. The caveat for Far East / Frasers 07's en bloc purchase remains in Realis although it didn't succeed, hence the error in breakdown. The breakdown is based on number of units so you can imagine the weight that the failed en bloc transaction carries. I've amended our data. See http://www.squarefoot.com.sg/trends-and-analysis/residential?p=tampines-court
    The updated breakdown is Singaporean 207, PR 19, Foreigner 6
    Hope you find the website useful!

    ReplyDelete
  4. Ah yes, I noticed that, too, that definitely would skew the statistics!

    Still, only 41% of owners are accounted for. There is still that 1985-2002 gap.

    Thanks for the update

    ReplyDelete