Singapore - En Bloc

[kennynah]

these owners looking for enbloc do not have to sell... if they have paid up for their property.... no pressure whatsoever... they can wait...

i really dont see how this measure is any significantly effective in curbing price rise...

have to ask malboro if he was drunk when he enacted this ruling....or sleep walking...

[behappyalways]

these owners looking for enbloc do not have to sell... if they have paid up for their property.... no pressure whatsoever... they can wait...

i really dont see how this measure is any significantly effective in curbing price rise...

have to ask malboro if he was drunk when he enacted this ruling....or sleep walking...

Indicative price $110m, selling price $101m.....The ruling is helping the developers....although those developers may not lower their selling price. In Bartley Terrace, the initial asking price was $48m as stated in The Straits Times but final selling price was $40m


http://sg.news.yahoo.com/pg/20110128/tb ... 1e0e1.html

http://www.todayonline.com/Business/Pro ... 40-million

[behappyalways]

Quite Informative

http://www.propertyguru.com.sg/real-estate-video/584

http://www.propertyguru.com.sg/real-estate-video/585

http://www.propertyguru.com.sg/real-estate-video/586

[LenaHuat]

Read the statistics about supply up to 2014 in the TODAY. I think en blocs above $100m stand little chance of being pulled off. The developers are merely putting on a brave face.

[LenaHuat]

I'm really tickled by this LianHeZaoBao's report on the Tulip Garden en-bloc tender results:-

二度登场集体出售、要价至少6亿5000万元的金香园（Tulip Garden）上周招标截止时吃了“零蛋”，一份标书都没有收到。

据本报了解，这个位于花拉路上的集体出售永久地契私宅，是三年来首个要价超过5亿元的项目，不过本月20日招标截止时获得如此惨淡的反应，似乎显示政府本月13日宣布的新一轮降温措施已对本地房市产生冲击。

据可靠消息来源，金香园尽管没收到标书，但仍有三名有兴趣的买家要求更多时间，为该房地产项目估价，因此可能还有一线希望。

Tulip Gardens is re-trying an en bloc sale for the 3rd time. Slashed their asking price from $650m to $600m.
Those greedy owners are still hibernating in their little corner. Developers already smell blood. It will flop again, IMHO.

[iam802]

I assume that will easily work out to about $1150psf??

[kennynah]

so can we infer that developers are not so bullish about the future of property prices?

[LenaHuat]

Laguna's en bloc attempt has obviously failed.
All these large en blocs (like Tulip Gardens, Hawaii Towers etc )will fail. Let's see how long these greedy owners can hold on to their ageing properties. Their properties are all in their 30s. They will inevitably come into the market again, but at much lower prices (easily -15% IMHO).

[Chinaman]

Hehe, if FH no time limit leh.....frankly, at current stage it's extremely difficult to spot a potential en-bloc project ahead of those a few hundred full-time aggressive agents...they will offer high reserve prices and their package term is ' 'deal no closed no commission', you dun have to pay even to valuation and legal fee they absorb it.

If you r wearing their shoe, say en-bloc closed at $1,200 PSF, do you think nowadays can you buy a good location FH condo at this price of $1,200 PSF, hehe DBSS already shouting at $700 PSF...Frankly, if i own a FH ppty i am not so keen to go for en-bloc...which i did being in the sale committee , but joined hand with Fxx not supportive...once cannot achieve 80% cannot go thru, bar for next 2 yrs.

btw, i have loss track these few en-bloc projects, what is their reserve price....I remembered Pearl Bank apt reserved price was $1,450 PSF.

Frankly, back in 2005 if you spotted 1 or 2 en-bloc units you millionaire liao, u need to have cash & luck.

[LenaHuat]

Hi Chinaman
This is what Rumsfeld would term "The Unknown Known" The future will prove us right or wrong.
It is anyone's guess.