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.

In the News




 
 

Note how the prices of non-landed private residental properties (condos) still continue to rise in the OCR (outside central region... us)
"Prices in Outside Central Region however increased by 1.2%, compared to the 0.6% increase in the previous quarter"

4 comments:

  1. Anonymous31 July, 2012

    Just looking at two seemingly contradictory property news, "Home prices at record high" and "Residential en-bloc market on the decline" goes to show you ONE thing, the DEVELOPERS never lose.
    In the report about en-bloc, you'll find the developers are still interested if the price is low. Yet the home (although flat) is at record high. So who benefits?
    When you put the RP low, not many residents are interested because housing is at record high. When you put the RP high, no developer wants the en-bloc, they go for GLS.
    Stalemate. Time to stop wasting time and money on this badly timed en-bloc.

    ReplyDelete
  2. HDB resale hits $1 million and our en-bloc is not much more. Meaning after you en-bloc, you can't purchase private property. And even after you downgrade to buy a HDB resale, there will be no more cash after you return all the interest back to CPF.
    Forget the en-bloc.

    ReplyDelete
  3. And that $1million dollar HDB is in Queenstown.
    http://news.insing.com/tabloid/flat-queenstown-sold-1million/id-9f5e3f00

    So if you think TC's en-bloc RP can get you anything 2 years later, that is IF en-bloc happens, you are just simply fooling yourself.

    ReplyDelete
  4. Folks can say all they want about the Developers won't bid so high... etc, hence TC en-bloc has to be reasonable to Developers... blah.. blah.. blah..
    Read this...
    http://www.straitstimes.com/breaking-news/singapore/story/516m-bid-redhill-site-stuns-market-watchers-20120921

    ReplyDelete