I have no idea what is happening in the market - there is no doubt collective sales are back in favour and there are very hungry developers forming consortiums with deep pockets on the prowl. I may be a fervent minority owner but even I can't deny that the market is hot at the moment. Note, the last 3 HUDC collective sales have all been over $700 psf ppr.
- ShunfuVille - May 2016 - $747 psf ppr
- Raintree Gardens - Oct 2016 - $797 psf ppr
- Rio Casa - May 2017 - $706 psf ppr
Error fixed
You see, RLV's matter in this Game of Enblocs, where is ours?
My June 2016 Armchair RLV was $637 psf ppr (RP: $952M) and it looks like it should be well within reach in the present crazed market.
I have no further qualms about the RP for the moment - but will stay on the SC/MA's tail should the market go up any further. One thing for sure - there is no going back from the present RP to a lower figure. Those who sign now have the power to hold the line.
I think the sqm to sqft conversion for Rio casa in your Excel sheet is wrong.
ReplyDeletePhew! Thanks for that alert- I have amended the chart.
DeleteLet's all let bygone be bygone and focus in getting the 80% and the good money we all deserve to get. We must get this round through and not risk the golden opportunity. With the money we get, we can all start life afresh and surely able to get a better a replacement units than the one we are staying now. Divide we will fall Unit and we will win !
ReplyDeleteI think the SC is currently way too small and will need people with deep experience if we get past the 80% mark.
ReplyDeleteI do not speak for all SPs, but I can safely say that all SPs will be better off if you would join the SC if it goes to the next stage - Not because you have been particularly kind to the SC/MA, but because if you are resigned to the fact that TC will go enbloc, why not join the Dark Side and make the effort count. It will also be an eye opener for you to see how the "Dark Side" works. And because as Luke said of his father, "I see good in him".
Not a chance. Besides, no one can 'join' the sale committee without being elected at the EOGM.
DeleteNo need to be so yaya papaya lah. At today's bulllish market. Money speaks loudest. Morever yr information is not all that accurate. If SPs don't want to come to yr blog, it's a dead zone & you can talk to yourself. If you welcome contributors let them speak what they want pro or anti enbloc so long as no vulgarity & baseless allegation. If you want to curb freedom of speech please close yr blog. TC facebook are much better than yours. At least it's more versatile and responsive. Not happy with what I said? Don't upload lah.
ReplyDeleteGarbage comments may be to you but not others. A demoractic person will listen to both side of the coins even though even though you feel it's garbage. No need to say for 'trial purpose' Just switch off for good. Your self centred and narrow minded thinking do more damage to the enbloc than good. I am speaking the truth and what I want even if u consider it as garbage !
ReplyDeleteI believe the main issue here is insufficient communication.
ReplyDeleteRio Casa RP was based on an RLV done by Knight Frank. Deemed fair by SC, with strong support from SPs, they achieved 80% within 3 weeks. A record time.
ReplyDeleteAmong condos referenced was Kingsford Waterbay (0.4 km from Rio Casa as the crow flies, TOP 4Q 2018) Both are riverfront sites. Rio Casa located in a mature estate is slightly better off in terms of proximity to MRT, Town Center, neighbourhood shops and established schools (CHIJ)
Strong buyer interest, site inspection soon after 80% breached even before tender opened. Offer price exceeded SC expectations.
To what extent buyers assumption of a smooth, quick approval at the STB due keen support by SPs of Rio Casa a factor in developers interest or even in the generous offer price is hard to say.
It just takes 1 SP to spoil the party, and the developer can't control that risk.
DeleteRe open your blog and move forward
ReplyDeleteI have been to the park connector opposite Rio Casa areas several times. Frankly, the "river" is just a wide canal. The distance to Hougang Mall/MRT is still quite a distance away. The land opposite is reserved for industrial park. It may not be an apple to apple comparison, but TC location is no way inferior to Rio Casa. Hence I believe the interest in TC will be as strong, if not stronger than Rio Casa. Good luck to all!
ReplyDeleteImagine holding key to treasure but refused to unlock treasure even til death or give to children.
ReplyDeleteAs we get older, risk of big illness become larger , more cash in hand is always good. Do not regret when hit with cancer and regret then not unlocking great value in Tampines court !
Cats cannot take care of you then !!!
For every opportunity we don’t seize, there’s a potential regret we do seize.
ReplyDeleteI saw that trying something that felt scary might feel like a risk, but the equal and opposite risk was not trying that thing, never knowing if I might have loved doing it