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."

SALE IS NOT CONFIRMED
Drop Down MenusCSS Drop Down MenuPure CSS Dropdown Menu
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.

All HUDCs going Enbloc




My Table

14 comments:

  1. Huge question mark whether the party is over (or coming to an end) given last two poor showings of ex-HUDCs. Lets see how it does for Normanton today (good luck!)

    ReplyDelete
    Replies
    1. Normanton Park is near NUS !!!

      Delete
    2. That sounds like a parade commander ordering developers to line up to bid! =)

      Delete
  2. More and more optimism in the market. Now see who lauch faster as more HUDCs compete against each other and developers can get the pick of the litter

    ReplyDelete
  3. not trying to pour cold water but to face the facts, some of the ex-HUDCs are going to be uphill climb, based on expectations of residents (current market price vs ask price) and massive size of plot.

    currently none of the units are like TC which was at 900k pre-tender. most are $1.2m up. so the only way to sell is for developer to bid higher than the already high expectations.

    ReplyDelete
  4. Larger HUDC can be challenging... http://hudcsingapore.com/hudc/collective-sales-of-large-hudc-projects-to-remain-challenging/

    ReplyDelete
  5. FYI from what I read, Braddell View is last on Developers radar.....poor infracture etc.

    ReplyDelete
  6. Blogger - you really drew the fighter jets and the crashes well!

    ReplyDelete
  7. 918 units in Braddell View - I think the site area looks too small, probably double that of TC.

    ReplyDelete
    Replies
    1. YES, I checked. the size is 1,124,000 sqft ! That's the biggest of them all and probably the last to go.

      Delete
  8. Update on FR: now in private treaty mode until 5th dec. If no buyer found, then redo public tender in Jan 2018.

    And yeah I had read the email sent by JLL. They are now doing the negotiations with those that did not win AP.

    http://www.businesstimes.com.sg/real-estate/florence-regency-seeks-buyer-in-private-after-tender-bidders-wont-raise-offers

    ReplyDelete
    Replies
    1. How come Normanton can get, and FR cant? Is the valuation by FR even accurate in the first place?( all these are just estimates, each valuer can come up with different values)

      Delete
    2. Even if 80% is obtained, any sale below valuation just opens the door for minority to object. That's the problem I think.

      Delete
    3. Object better than not even getting the S and P signed (at least lock the developer up). STB still can mediate, just dont go the high court way

      Delete