Oct 26, 2017

Cooling measures ahead?


The URA is causing jitters...

Isn't it amazing how the URA, with all it's masterplanning, zoning powers etc has shown such little interest in the enormous private enbloc residential sector up until now. It's been over 20 years since enbloc started (was Shanghai Residences sold in 1995 the first?) but it has taken them this long to train their gaze onto enblocs.





The URA's mission statement:

How can they do long term planning with all this craziness going on under their noses? It probably all boils down to the different roles the URA, SLA, BCA have to play. Whilst URA is in charge of land issues (use, supply, planning... the big picture as it were), the BCA is happily doling out planning permission to demolish and rebuild relatively young buildings left, right and centre. It's very hard, I imagine, to predict, let alone plan private sector land matters when your sister agency is busy allowing them to be torn down at  an alarming speed.  The youngest building to be wasted was Olivia in 2006, the cement had hardly dried on that 4 yr old estate before it was churned through the enbloc mill. By collecting and collating tender bid data, they show themselves to be behind the curve. Has the giant finally woken up to the havoc enbloc is playing on it's long term planning? I don't know how these things work, but it sure looks like there isn't a lot of co-operation between the various authorities- even though they are both under the Ministry of National Development (MND).

Collective Sale marketing agents are now compelled to hand over information on all the bidders and their bid prices - even the failed ones - within 2 working days of the site being awarded, or not, as the case may be. I am not sure what the URA will do with this data - make pretty charts and get a grip on who, what and how many developers/consortiums are hungry for land, I suppose. Poke their noses into the BCA's domain :)

So what reasons do the market watchers give for this curious URA interest: 

1) Tweaking their H12018 GLS programme
2) Gearing up to impose cooling measures

The market will be flooded with new, overpriced and undersized units in the next few years. Thank goodness bay windows are a thing of the past, but I hope they don't remove the balcony bonus. To my western way of thinking, balconies are what makes apartment living bearable.
I could not live without a balcony


63 comments:

  1. Some one alrdy worry government think market too hot,including me.

    news alrdy reported.
    A.Developers worry upturn in Singapore property market may trigger more cooling measures: NUS-Redas survey.


    http://www.straitstimes.com/business/property/developers-more-optimistic-about-property-market-but-fear-more-cooling-measures


    B.
    I quote

    乐观情绪使房价走高 发展商担心有更多降温措施 http://www.zaobao.com/zfinance/real-estate/story20171026-805960?xtor=CS2-6
    ......
    不过,他也表示,若乐观情绪促使房价走高,发展商担心政府可能会采取更多轮的降温措施......

    ReplyDelete
  2. Better get our money & run. Wait for another round of cooling measure & buy cheap. Really stupid to waste money & time to object when sure to lose.

    ReplyDelete
  3. The objectors are given too much privelages. No need to pay any fee for objection and mediation is secretive. Turn out if the objections are groundless, the rest have to suffer the anxiety, stress & lost of time to purchase replacement home earlier for nothing.

    ReplyDelete
    Replies
    1. The majority are expropriating their homes, that is a far greater 'privilege' and one they should handle with a little bit more magnanimity.

      Delete
    2. You missed the point. The majority are not against objections by minority but they should not take advantage of the privelege by submitting objections which has no valid ground causing suffering to both majority & minority SPs by the unnecessary delay. Don't tell me you are happy if the case drag on and causing u to miss buying yr target dream home or paying more for it ? Don't support for the sake of supporting objectors just because they are the same camp as you. You need to level headed and objective in yr support. I think the objectors should seek legal advice before submitting their objections so it will be more objective and good for everyone including themselves to avoid paying high legal fee. Might as well save up the money for other useful purpose.

      Delete
    3. The blogger is totally deluded to equate an enbloc to expropriating minorities homes. Look up the dictionary if you don't know what expropriating is.

      She loves to pit the majority with the minority thinking that she champions the views of the minority. In the end, she is running this blog entirely for self serving ends.

      Delete
    4. Hmm, I heard the term used by out lawyer in rd 1 at the STB and thought it memorable at the time. I still do as even if the minority owner refuses to sign or hand over documents, the Law (Gov) will step in and take away his proprietary rights, he is dispossessed of his property - compensation regardless. I'd ask him if the term he used was indeed correct - but he's a big wig now, a senior counsel, so I'll stick with the memory.

      There are thousands of properties on the market, if I miss one then there will surely be another one , maybe even a better one, down the line. I don't stress over such things, I just don't have that kind of kiasu mentality. There are plenty of fish in the sea - and as someone once wisely joked; 'there's no use crying over fish'.

      These 4 objectors will not go to high court, and we can all wait an extra month or two for the sales proceeds. The sky won't fall in (or maybe it will) but whatever house you end up buying, it will be exactly where it should be. Because that is how life goes.

      This blog started as 'an anti-enbloc blog' 10 years ago , then changed to ' Enbloc-anti-enbloc and beyond' as more pro-enblockers took an interest in it. Now it is simply 'Enbloc Rd 3' and the pro-enbloc (majority) heavily outweigh the anti-enbloc (minority) in the comment section.

      So be it. Healthy discourse may descend into fisticuffs at times, but sanity always reigns in the end.

      I hope.

      Delete
    5. Blooger, you may not be stressed but to the eldery folks and the sick, it is really stressful not knowing what will happen from now on when there is an objection or how long the enbloc is going to drag on. You have changed your blog from anti-enbloc to whatever. The fact is you are still anti-enbloc. You did not object this round because you know that's little chance to win and are happy to see others do it. Win or lose you are still a winner because you don't folk out a single cent nor face any legal liability as a bystander.

      Delete
    6. There are many facets to an enbloc, The 'elderly and sick' card is played too often as a trump card for the majority when it can equally be applied to the minority. The stressed minority are seldom mentioned - just yesterday I was talking to one on the phone who had been brought to view a maisonette in Tampines by her son - yes, an elderly retired lady with a very sick, semi-mobile husband - and she was so depressed she has refused to view any more units until after Christmas. Stress is not a prerogative of one side or the other.

      I am Minority because I have 2 golden rules: 1) never join the CSC and 2) never sign the CSA. I didn't object because there is no clear case. The only sticking point is the 1.55 plot ratio - and not doing due diligence on the baseline plot ratio is probably why we are getting 600+psfppr instead of 700+ psfppr like every other HUDC enbloc this year.

      But, so be it. it's a miracle we got what we got given the rubbish we were dished out up to the last month.
      We all have enough to move on - 2 months delay is nothing, the sale will go through.

      Delete
    7. I am in the minority. My wife and I are in the so called 'sick and elderly'. We did not sign because we (a) do not want to move as moving out is very stressful for us. What with the hassle of looking for an alternative place with all the conveniences our present location has, the doctor who is treating us is just a walk away. (b) We do not think that it is right for anyone to be deprived of their homes and happiness because we think we can get more money from the sale of our place. We will never sign for any enbloc process no matter what the price.Just as the blogger has said, We too did not object because we do not see a clear case for doing so.

      Delete
    8. Sooner or later TC will go enbloc again, if not round 4, maybe round 5 or 6. You can't avoid the inevitable. By then you will be even more sick & eldery. Isn't it better to move out now when you are still stronger & settle down in a newer place & retired. Just my opinion ?

      Delete
    9. I think it was mentioned in this blog before that there was an eldery folk who stay in 4th flr of apartment block which does not have any lift. It is a real struggle to climb the stairs up & down 4 level everyday. Enbloc is actually good for them. You cannot forever stay in yr comfort zone because of the inconvenience of moving out now. Must plan ahead when you grow even older & sickly.

      Delete
    10. Moving should be at your own convenience- not the convenience of others.

      Delete
    11. Moving house is not inconvenient for young people but for the eldery & sick and as they grow older become even more incovenient. Face it, TC will go enbloc again, like it or nor, so you can't avoid moving out. Better for them to move to lower floor of hdb flat where there are lift on every level not like our 4 flr apartment unit with no lift. Or if they can afford it buy a landed house  with granny room or newer condo strata titled terrace house.

      Face it blogger only have her own interest at heart and nvr think for the elderly & sick.

      Delete
    12. Anonymous 3.2- "The majority are not against objections by minority" ? Ha ha haaa.. Words mean one thing but the behaviour proves otherwise. Many majority are assuming that the objectors are objecting for the sake of objecting, that they are not level headed, that they are irrational etc. But the fact is that the legal process allows objectors to voice their grievances. It is not for the majority play judge and jury as to whether these grievances are valid or not. Many majority here simply dont respect/accept the legal process, though they may claim otherwise, which shows that they are indeed against objections.

      Delete
    13. Anonymous 3.3- You say the blogger is pitting the majority against the minority? That is simply an opinion and not an absolute fact. In my opinion, i think that you are just unhappy with the blogger coz she is not afraid to stand up as a minority to people like you, despite being cursed and condemned.

      Delete
    14. Itshometome 3.6- Thank you for pointing out something that is long overlooked/ignored. People here have been using the "sick and the eldery" too often as a veil to cover their own agendas. That is not to say that there are no sick and elderly and that they should be ignored, but it is highly unbelievable that there are so many "saints" and "angels" in TC who are pushing for the enbloc SORELY for altruistic purposes.

      Delete
    15. Anonymous 3.11- If the reason for you supporting the enbloc is sorely because moving out is inevitable, than why are you still here? You should have taken the initiative to move out first. Why wait for an en bloc to decide to move ? Not to mention an enbloc of approximately 1.7m and not lower.

      Delete
    16. Don't use the name of minority in vain. Minority don't need the blogger or anyone to stand up for them. Now you are using the elderly & sick in vain. Really cowardly and sickening to use others to fulfull yr own agenda ! Face it, you ate losing support for yr anti-enbloc agenda and are desperate ! Lol.

      Delete
    17. You said : "you are just unhappy with the blogger coz she is not afraid to stand up as a minority to people like you " - you are really confused man ! Minority are not necessary objectors and don't need you or anyone to stand up for them. In fact your 'standing up for them' may be a liability to those minority who also want the enbloc to go through quickly. Face it - anti enblocer you lose this round ! Haha !

      Delete
    18. Who tell you the reason to support enbloc is because "moving out is inevitable". ? Either yr comprehension of english or listening skill is atrocious or you are really desperate in yr argument & like to put words in other's mouth. You argue like a small kid.

      Delete
    19. I don't think minority need blogger or anyone's support. They are also not objectors. They can think & decide independently. So please don't involve them in yr childish quarrels & cover yr own agendas.

      Delete
    20. Anonymous 3.16- read anonymous 3.8 and 3.11 and use what little analytical skills that you have. Also, by making unprovoked personal attacks, you show yourself to be more childish than me.

      Delete
    21. Aiyah. 3.8, 3.11 all same person lah. Ownself support ownself. Lol

      Delete
    22. What unprovoked personal attack? Who are you really ? Anonymous is your real name ? Actually for all you know, Anonymous could be the blogger herself because she always complain people post personal attack on her. This is a TCSS site for peole to come here & pass time. No matter how smart you think you are, none of the posts here can break or make the enbloc deal. Don't think too highly of yourself.

      Delete
    23. Anonymous 3.22- No one is saying that the posts here can break or make the enbloc deal. Thanks for pointing out the rather obvious though. "Think too highly of myself" ? I would have to consult you first on the ways of arrogance, since you are obviously more experienced in that kind of behaviour.

      Delete
    24. Anonymous 3.16- I dont think i have ever used the sick and elderly in vain in any of my comments. As a matter of fact, I criticised people for using the sick and elderly as a veil in 3.14. Please LEARN TO READ.

      Delete
    25. anonymous 3.17- Since you say that the minority do not need anyone to stand up for them, then your comment similarly does not represent the minority and means even less than mine. Ha ha!

      Delete
  4. who know the grounds of objection? pl share here.
    If not, do not say grounds are invalid, or sure lose in HC.

    ReplyDelete
    Replies
    1. No one suffer any financial lost, already good ground that objection is a waste of time. Not done in good faith. Really? How so? Why don't ask the lawyer if this ground is valid before objecting.

      Delete
  5. Yes i agree. Dont trust this blogger. No wonder she kena cursed

    ReplyDelete
    Replies
    1. She started this blog and posts irresponsibly.

      What is totally irresponsible is scattering falsehoods and fake news in between truths. Her constant changing of the blog titles reflect how she quickly hides what she had written with the benefit of hindsight.

      She is asking for it. In fact, she is begging for all these curses. She is on her own little crusade in her little dream.

      Delete
    2. objectors and her may getting 83%+ (460+ units) of TC SP family cursed.

      Delete
    3. You all should form a group and open your own blog where you can gripe away to your hearts content. Honestly, I don't know why I even open the mail sometimes! I am not doing this for your benefit or anyone elses. Yes, I frequently update, delete, add, switch around, improve, modify and rephrase. Even my icon gets a revamp when I feel like it.
      So what. It's just a blog not a newspaper.

      Delete
    4. 17% are minority. They are not objectors. Just they are not signing for whatever reason & we respect that. Most are also reasonable & responsible. They don't waste people's time if there are no valid reason to object.

      Delete
    5. Then you should not use the name Tampines Court Enbloc. It is not exclusive name for your use or yr whining about TC. Any negative things you write will have impact or misrepresent TC now and in future. Morever your blog is on top of search engine and public will definitely read every negative substance you post concerning TC. That's how TNP got their source of info on drama & upheavel on TC Enbloc.

      Delete
    6. Anonymous 5.4- Just because most of the minority do not object explicitly does not mean that they approve of the enbloc either. Even if they wanted to object on grounds that YOU THINK are not valid, they are not wrong in doing so as they are still following the legal process. I think many are just paying lip service about respecting the minority. If say in an imaginary situation, it is required to obtain 100% agreement to close the sales, i doubt the many will still "respect" the minority's decision.

      Delete
    7. Don't be a hypocrite! You accuse people of not respesting the minority. You are worst, in the pretext of respecting the minority, you are actually using them to further yr personal agenda.

      Delete
  6. The blogger will never admit she is wrong. Period! Blessed are those owners who are not her neighboirs when she buy another condo.

    ReplyDelete
    Replies
    1. She did 1 thing right because of she not objecting in STB for no ground,
      But still encourage others people to do so... it's disgusting!

      Delete
    2. I neither encourage nor discourage. the LTSA is there for all. I simply state my position and my reasons for not objecting, when asked. If 4 people are aggrieved enough to go to STB then who are we to cast stones, it is their right and their business.

      I sincerely hope they won't take it to High Court as it will surely end in tears. There is no 'point of law' to challenge nor obvious bad faith. The costs alone would be monstrous.


      Delete
  7. If not wrong blogger did mention 60 days max with or without objections. I am sorry if you didn't mentioned probably objectors tot is 60 days max.

    ReplyDelete
    Replies
    1. Yes, I missed the detail that it was 60 days from first mediation (LTSA PtVA)- the mantra up to now has always been 'up to 60 days or more if it goes to high court' - even Huttons Timeline gives that impression. I predict the mediation won't take that long perhaps a day if they see them all as a group, perhaps a couple of weeks if they see them individually. We shall wait an see.

      Delete
  8. This comment has been removed by the author.

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  9. Time out no points making accusations what done is done so just wait out. Stay cool wait for the payments she mentioned no high court case.

    ReplyDelete
  10. Nice balcony! U have to buy a ground floor condo or one that have roof top space for your gardening.

    ReplyDelete
    Replies
    1. Yep, searching high and low. The gardener is my husband, I just like to look out onto green.

      Delete
  11. Edelweiss park condo 1.6m 2600sq ft with roof garden freehold is a bit way out but for that price

    ReplyDelete
    Replies
    1. If it came with a car & a maid, I might consider it. It's on my shortlist of 42 properties.🤔

      Delete
    2. Dream on ! The problem with you is your self centred character. Always want to take but not willing to give just like the way u protest against enbloc but not willing to object & rather have others do it because u know u have no chance to win.

      Delete
    3. Since you are so confident that the objection will not be successful why don't you place 1% option fee like one of the SP did ?

      Delete
    4. Confident but not certain. Prudence over risk. Even 1% is a lot of money.

      and to a snide Anonymous comment (unpublished) who thought my 'if it came with a car & a maid' was for real... understand that I use 'tongue in cheek' statements occasionally. In other words, it's a joke.

      Delete
    5. Not certain? Then you should support the 4 to object and share their legal cost. The fact is you want a win-win situation for yourself and at the same time still have the anti-enbloc mindset attacking the majority. Whichever ever way the wind blows, you will not suffer any loss unlike the majority and minority who will have to pay legal fee depending on the court decision.

      By the way, why "unpublish the snide Anonymous remark ? Did he or she use vulgarities?  More like he or she hit the nail & makes you look bad isn't? 


      Delete
    6. There are factors outside the merits or demerits of a collective sale which are not under the purview of an objection. There could be technical hiccups which can cause the sale to collapse. These are beyond anyone's control. There is no certainty the deal is done until Sim Lian has cleared all the 'URA/SLA/BCA/LTA whatever' approvals and the STB have given the stamp of approval. That is all I meant.

      Does 11.2 make me look bad?
      I don't think so. It's a rather run-of-the-mill personal attack that I get every single day. Tiresome really- and he didn't get the fact that it wasn't a sincere wish. No matter what I say, there is always someone out there with a similar knee jerk type pointed remark which adds nothing to the discussion but rancour.

      Delete
    7. itshometome 11.4- "understand that i use "tongue in cheek statements occasionally. In other words, its a joke". For your well being, i dont think you should even bother. The residents here couldnt catch a joke even if it slapped them in the face.

      Delete
  12. i had wanted to remain as an observer until payment day when i saw the comment "moving out is stressful", Gosh! this is warped thinking..what can be more stressful than living in an estate that is super ripe for enbloc, like what some people rightly observed, if not round 3, definitely round 4 or even 5 etc. What is more stressful than not being able to carry extensive repair or renovation or make long term plans for the house knowing that enbloc will come anytime soon? there is a time and season for everything,..one must know when is the right time to do the right thing...not supporting the enbloc when the estate is already more than 30 years is in my opinion doing the right thing at the wrong time. tc patriot.

    ReplyDelete
    Replies
    1. Moving out & moving on is part & parcel of life if u want to stay in condo with enbloc potential. Blogger is just using this as an excuse to support her agenda.

      Delete
  13. How many enblocs can you find 100% without objectors and can skip STB? Only Nanak Mansions in recent history, and that is because they are owned by 1 single family. I think STB application is likely for most enblocs out there, it is very common for the 2 months delay. Blogger has stated her position not to object so she is not encouraging objectors to object, so dont find reasons to blame, this blog is meant to be a place for factual reasoning. Dont be surprised even Amber Park or Normanton, will have objectors even with the sky high bids they got

    ReplyDelete
    Replies
    1. True, and I know of one 100% collective sale who went to the STB anyway. The STB was surprised and asked them why? They answered they wanted to be doubly sure. Palm Beach Garden sold Mar 2007

      Delete
    2. Lol that is quite strange. They probably wanted to play safe. How come Farrer court's STB process was so smooth though, they did not really have alot of objections?

      Delete
    3. Click on Farrer Court in the right-hand column under ENBLOCS.

      Farrer Court owners got over $2m each - 10 years ago, so that would probably be equivalent to $3m now. There were 2 OBJECTORS out of 618 owners. Both withdrew their objections after STB mediation.

      Delete
  14. Pearlbank Apt enbloc tender will push government one step closer to more cooling measure..

    ReplyDelete
  15. hi blogger.
    this should be posted here.my apology.


    three GLS are to be closed on the same day is a cooling measure lah.

    http://www.straitstimes.com/business/property/plum-bukit-timah-plot-up-for-sale


    URA spokeman said,
    i quote from.zaobao,
    市建局在2013年首次宣布让多个地段同一天截止竞标,当时它强调,这样有助于缓解发展商竞标地段的热度,从而控制未来发展项目的售价。它昨天答复《联合早报》询问时重申这一立场。

    2013年和2014年间,市建局曾五次推行多地段同时截止竞标的做法。受访分析师指出,近期不断走高的地价引发政府警惕,令当局决心及早出手,防止私宅房价随地价水涨船高。

    时隔三年政府再尝试为标地热降温 三私宅地段投标同日截止 http://www.zaobao.com/zfinance/real-estate/story20171101-807475?xtor=CS2-6

    ReplyDelete