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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.

Eunosville (EX-HUDC) sold for $765 million

This is unbelievable. What a quantum jump from the expected sale price and the actual.  There may have been 7 bidders (comment below)

So, the last 4 ex-HUDCs have been sold in the $700-$900 psfppr range

  • ShunfuVille - May 2016 - $747 psf ppr
  • Raintree Gardens - Oct 2016 - $797 psf ppr
  • Rio Casa - May 2017 - $706 psf ppr
  • Eunosville - May 2017 - $909 psf ppr

This makes my Armchair Valuation of $952m ($637 psfppr) look pretty puny.



Updated my ex-HUDC enbloc Chart:



8 comments:

  1. Anonymous01 June, 2017

    7 bidder

    ReplyDelete
  2. Anonymous01 June, 2017

    80% has been reached. We are catching the wave, and this one is a tsunami!

    ReplyDelete
  3. Anonymous01 June, 2017

    It's done.Crossed 80%.

    ReplyDelete
  4. Please be gracious and move on and stop look for fault lines snd pin holes to plug.
    Life is unpredictable and too short.
    Sitting on a rocking chair ond sow bitterness get you to nowhere.
    Use you time and talent elsewhere.

    ReplyDelete
    Replies
    1. Anonymous02 June, 2017

      Aiyah, it's her blog. She can say what she want. Doesn't really affect any SPs much. We still achieved more than 80% inspite of her bitterness of moaning & groaning. When people say anything she don't like leh she gets angry & threaten to close her blog & open again & yet she preached freedom of speech. Difficult to understand her character really.

      Delete
    2. Anonymous02 June, 2017

      Totally agreed.

      Successful people know how to grabbed golden opportunity especially when dropped from the sky to move on, instead rejecting them to stay in same comfort zone.

      Somemore life span is increasing with advancement in medical and living standard, longer life span could mean more chances to be hit with expensive illness.

      *********

      '1 in 2 people will develop cancer in their lifetime'

      Written by Honor Whiteman
      Published: Wed 4 Feb 2015

      "Cancer is primarily a disease of old age, with more than 60% of all cases diagnosed in people aged over 65," notes Prof. Sasieni. "If people live long enough then most will get cancer at some point."

      Source :
      http://www.medicalnewstoday.com/articles/288916.php

      Delete
  5. Anonymous01 June, 2017

    We shall get more, with Eunos as benchmark.

    ReplyDelete
  6. Anonymous02 June, 2017

    Market will dictate the eventual price.

    ReplyDelete