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.
When you read this, you'll get an impression that the developers still wants land in their bank: 15 bids for tender at Upper Serangoon Road - http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1146462/1/.html
And so we see the prices of property ain't coming down, even in this uncertain economy! Private home sales up 17% in July By Linette Lim | Posted: 15 August 2011 1503 hrs http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1147107/1/.html Quotes: "Although sales are expected to slow, analysts said home buyers waiting for prices to come down will be disappointed.
They expect foreign investors to swoop in, given the extremely low interest rates and the volatility in the global stock markets.
Colin Tan, head of research and consultancy at Chesterton Suntec International, said: "Even if prices were to come down, it may not come down - the downside is limited - because out of this chaos, Singapore has emerged as one of the few economies that still has a triple A rating. And our exchange rate is still very strong and the dollar is still appreciating, so in that sense, we are becoming more and more attractive to foreign investors."
About the Serangoon land sale, quote from Channel News Asia: "with 15 bidders for the Upper Serangoon Road site, analysts said there is no lack of hunger from developers for well-located projects, particularly near transport hubs."
NOTE "Particularly new TRANSPORT HUBS" - Tampines Court will have access to 3 MRT Stations!!!!
When you read this, you'll get an impression that the developers still wants land in their bank:
ReplyDelete15 bids for tender at Upper Serangoon Road -
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1146462/1/.html
And so we see the prices of property ain't coming down, even in this uncertain economy!
ReplyDeletePrivate home sales up 17% in July
By Linette Lim | Posted: 15 August 2011 1503 hrs
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1147107/1/.html
Quotes:
"Although sales are expected to slow, analysts said home buyers waiting for prices to come down will be disappointed.
They expect foreign investors to swoop in, given the extremely low interest rates and the volatility in the global stock markets.
Colin Tan, head of research and consultancy at Chesterton Suntec International, said: "Even if prices were to come down, it may not come down - the downside is limited - because out of this chaos, Singapore has emerged as one of the few economies that still has a triple A rating. And our exchange rate is still very strong and the dollar is still appreciating, so in that sense, we are becoming more and more attractive to foreign investors."
About the Serangoon land sale, quote from Channel News Asia:
ReplyDelete"with 15 bidders for the Upper Serangoon Road site, analysts said there is no lack of hunger from developers for well-located projects, particularly near transport hubs."
NOTE "Particularly new TRANSPORT HUBS" - Tampines Court will have access to 3 MRT Stations!!!!