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.
And yes, wait till you read this! TC's en-bloc RP is nothing compared to what's coming up!!!! http://sg.news.yahoo.com/more-million-dollar-flat-prices-expected-045139298--sector.html
Do yo know that Shunfu HUDC is just a short walk from Marymount MRT?Same for those 1m HDB flats in Bishan and Mei Ling St. Let see if TC can fetch 1.2m in the open market after the failed 2nd enbloc attempt.
Then explain this Record en-bloc sale at Toh Tuck, far away land, no MRT: http://sg.news.yahoo.com/green-lodge-sold-en-bloc-191-888m-040004094--sector.html
Green Lodge is a FREEHOLD property at Bukit Timah near to the Beauty World MRT station to be completed in 2015! That is why TC residents do not understand that ours is a leasehold. With developer now need to pay more development charges, you want to compare us with Green Lodge?
Before PM Lee say we can have 6 million people, the HDB resale price already went up by 2% to a record high! Now that it is made known that we will have 6 million plus people from 5+, we will need housing for a million people in land scarce Singapore. It must mean that prices of homes will go UP. It means that if you en-bloc with this love RP, 2 years later, not only you'll have to downgrade, you'll be in debt again. Read: http://www.channelnewsasia.com/stories/singaporelocalnews/view/1228920/1/.html
Singapore home prices may shoot up further http://sg.news.yahoo.com/singapore-home-prices-may-shoot-further-052950218--sector.html Moving forward, Savills is "cautiously optimistic that property prices may be poised to trend higher, possibly rising up to 10 percent in the coming months", buoyed by low interest rates and increased capital flows following QE3.
With the en bloc sale destined to fail & with the new govt capping on home loan, expect TC price to correct. Patiently looking to buy a 1700 sf @ $850k
If demand for new homes continues... then prices will continue to go up. http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1231384/1/.html
And yes, wait till you read this!
ReplyDeleteTC's en-bloc RP is nothing compared to what's coming up!!!!
http://sg.news.yahoo.com/more-million-dollar-flat-prices-expected-045139298--sector.html
Do yo know that Shunfu HUDC is just a short walk from Marymount MRT?Same for those 1m HDB flats in Bishan and Mei Ling St. Let see if TC can fetch 1.2m in the open market after the failed 2nd enbloc attempt.
ReplyDeleteThen explain this Record en-bloc sale at Toh Tuck, far away land, no MRT:
ReplyDeletehttp://sg.news.yahoo.com/green-lodge-sold-en-bloc-191-888m-040004094--sector.html
Green Lodge is a FREEHOLD property at Bukit Timah near to the Beauty World MRT station to be completed in 2015! That is why TC residents do not understand that ours is a leasehold. With developer now need to pay more development charges, you want to compare us with Green Lodge?
ReplyDeletehttp://www.straitstimes.com/breaking-news/singapore/story/220-apartments-snapped-bedok-south-project-preview-20120921
ReplyDeleteAt today's housing, "a 1,152 sq ft three-bedder for $1.37 million, or $1,188 psf"
What can you get from en-bloc proceeds after 2 years? Not forgetting, legal fees, returning CPF interests and minimum sum, etc.
PM Lee says about 6 million people is the estimate for Singapore population..
ReplyDeleteSo more housing needed, limited land and homes... prices will go up.
Before PM Lee say we can have 6 million people, the HDB resale price already went up by 2% to a record high! Now that it is made known that we will have 6 million plus people from 5+, we will need housing for a million people in land scarce Singapore. It must mean that prices of homes will go UP. It means that if you en-bloc with this love RP, 2 years later, not only you'll have to downgrade, you'll be in debt again.
ReplyDeleteRead:
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1228920/1/.html
Singapore home prices may shoot up further
ReplyDeletehttp://sg.news.yahoo.com/singapore-home-prices-may-shoot-further-052950218--sector.html
Moving forward, Savills is "cautiously optimistic that property prices may be poised to trend higher, possibly rising up to 10 percent in the coming months", buoyed by low interest rates and increased capital flows following QE3.
With the en bloc sale destined to fail & with the new govt capping on home loan, expect TC price to correct. Patiently looking to buy a 1700 sf @ $850k
ReplyDeleteIf demand for new homes continues... then prices will continue to go up.
ReplyDeletehttp://www.channelnewsasia.com/stories/singaporebusinessnews/view/1231384/1/.html