A Minority Owner's chronicled journey through 3 Collective Sale attempts; the last one being successful. TC was a 560 ex-HUDC estate with a thriving community spirit (up until the enblocs that is). I have moved on to a new, 37 unit Freehold estate. Life is quiet now with zero community feeling.
Credo again!Brilliant agent. TC should consider en-bloc again.Ripe time as developers are hungry and we are wiser after the en-bloc debacle. TC resale prices psf is pathetic.TC looks dreadful and dirty and likely prices reflect that. What you guys think?
forget about TC... the value of the land is not high, location not good, lease running out, lease top-up and development charges are relatively high = no potential for enbloc = relatively low current selling price :(
I am a TC owner too and I support enbloc. My unit is a walk up apartment and I see little difference between my unit and the HDB executive apartment nearby. Based on recent land prices paid by developers nearby, we should get at least 1.2 million per unit if enbloc now. i can then buy a resale HDB executive apartment for less than 600k, with the convenience of a lift. For those who are against enbloc, I respect their choice and hope they understand why I would always support enbloc as that is the best choice for me if I had to sell.
if TC achieved 80% the previous time, no reason why you can't get it again. Suggest you feel the ground, elect an entirely new sales comm, go by the book and spirit of the law, get a good MA (eg., savills, credo, provided they are willing to take up the project). No harm giving it a shot.
En-bloc makes sense as we are no better than hdb(actually worse).We were fortunate to go private. En-bloc unlocks the value of the land. $1.2million will send TC into a frenzy.Stopping the en-bloc then would be like stopping the sun from rising. No need to sniff the smell from the rubbish dump anymore.Right blogger?
Credo again!Brilliant agent.
ReplyDeleteTC should consider en-bloc again.Ripe time as developers are hungry and we are wiser after the en-bloc debacle.
TC resale prices psf is pathetic.TC looks dreadful and dirty and likely prices reflect that.
What you guys think?
You will never get the 80%, the near death experience is fresh in everyone's mind.
ReplyDeleteIf you try, you will fail and be barred for 2 years.
forget about TC... the value of the land is not high, location not good, lease running out, lease top-up and development charges are relatively high = no potential for enbloc = relatively low current selling price :(
ReplyDeleteI am a TC owner too and I support enbloc. My unit is a walk up apartment and I see little difference between my unit and the HDB executive apartment nearby. Based on recent land prices paid by developers nearby, we should get at least 1.2 million per unit if enbloc now. i can then buy a resale HDB executive apartment for less than 600k, with the convenience of a lift. For those who are against enbloc, I respect their choice and hope they understand why I would always support enbloc as that is the best choice for me if I had to sell.
ReplyDeleteif TC achieved 80% the previous time, no reason why you can't get it again. Suggest you feel the ground, elect an entirely new sales comm, go by the book and spirit of the law, get a good MA (eg., savills, credo, provided they are willing to take up the project). No harm giving it a shot.
ReplyDeleteEn-bloc makes sense as we are no better than hdb(actually worse).We were fortunate to go private.
ReplyDeleteEn-bloc unlocks the value of the land.
$1.2million will send TC into a frenzy.Stopping the en-bloc then would be like stopping the sun from rising.
No need to sniff the smell from the rubbish dump anymore.Right blogger?
Please retract last comments.Sorry
ReplyDeleteWhich anonymous comment would that be?
ReplyDelete