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.

Psf ppr Vs Psf of new units

Let us do a quick comparison between the cost of land to the developer (the price paid psf ppr) and the sale price of new launches (psf) on the SAME piece of land. 

Let us take the newest developments in our area... the Santorini and Q Bay. Hidious developments, to be sure, along Tampines Ave 10. mostly comprising of shoe box units, but that is irrelevant.

First the map:

Q Bay was bought  in May 2012 at a cost of $418 psfppr.
Santorini was bought in Jul 2013 at a cost of $562 psfppr.

According to the URA website the most recent sale price psf is as follows:


So, you see, you NEVER have to worry about the developers ability to profit from their adventures... they always find a way. 


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