RE: [Chuan Park Enbloc Update-:343] Abridged summary of ChuanParkResidents@googlegroups.com - 1 update in 1 topic
DEVASHISH DUTTA
If the land is prime land, which it is without any doubt, with potential of increase in plot area ratio, the value will not drop with decreasing lease period. We have about 35% of the lease gone, 65% lease period still intact. Do not make this an aging estate waiting to die an untimely death at 35 yrs age. Infuse life into the estate. For heaven’s sake do up this place.
From: ChuanPark...@googlegroups.com [mailto:ChuanPark...@googlegroups.com]
Sent: Wednesday, 16 November 2016 4:15 PM
To: Abridged recipients <ChuanPark...@googlegroups.com>
Subject: [Chuan Park Enbloc Update-:343] Abridged summary of ChuanPark...@googlegroups.com - 1 update in 1 topic
· Spread the en bloc message - 1 Update
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olivermak2307 <oliver...@gmail.com>: Nov 15 03:37AM -0800
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DEVASHISH DUTTA
See the pricing and sizes of apartments of a 99 yr lease apt block (TOP 4Q 2017) near Redhill MRT:
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Pricing 1 bedroom at 30th from S$973k 3 bedroom + Utility at 20th from S$1.840m |
Unit Types:
- 1 Bedroom : 474 & 506 sqft (87 units)
- 2 Bedroom : 657 & 678 sqft (114 units)
- 3 Bedroom : 883 - 926 sqft (150 units)
- 3 Bedrooms + Utility : 1023 & 1044 (78 units)
How do you expect owners to sell Chuan Park apt and buy another one at around S$1800 psf?
Beh Jane
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Oliver Mak
The lesser the lease life left, the more the developer will have to top up the lease.
Developer too need to pay development charges to government to increase plot ratio
All these costs will undoubtedly be in the mind of the prospective developers
A lesser lease life would also mean any prospective individual buyer would have problem getting a decent loan amount from the bank .
How many buyers can come up with cash to purchase a condo with limited or no financing from the bank is any body guess
This means a shortening lease will bring about a shrinking pool of prospective individual buyers.
These will not be lost on the developers and they will press down on the offer price
Worst case but possible scenario is there is no enbloc and the government takes back the land when the lease is up
Not sure how many of us will wish to pass out the en bloc opportunity and test out the probabilty of the above scenario
If the land is prime land, which it is without any doubt, with potential of increase in plot area ratio, the value will not drop with decreasing lease period. We have about 35% of the lease gone, 65% lease period still intact. Do not make this an aging estate waiting to die an untimely death at 35 yrs age. Infuse life into the estate. For heaven’s sake do up this place.
Sent: Wednesday, 16 November 2016 4:15 PM
To: Abridged recipients <ChuanParkResidents@googlegroups.com>
Subject: [Chuan Park Enbloc Update-:343] Abridged summary of ChuanParkResidents@googlegroups.com - 1 update in 1 topic
· Spread the en bloc message - 1 Update
olivermak2307 <oliver...@gmail.com>: Nov 15 03:37AM -0800
Hi All
Just wondering how far off are we from the required 30%
Thiru is right.A 99 years property is unlike fine wine, as the years advances, the value will drop . Time is not on our side
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wendebar
----Original Message----
From : ChuanPark...@googlegroups.com
Date : 14/11/2016 - 16:18 GMT+8
To : ChuanPark...@googlegroups.com
Subject : [Chuan Park Enbloc Update-:342] Abridged summary of ChuanPark...@googlegroups.com - 1 update in 1 topic
From: ChuanPark...@googlegroups.com [mailto:ChuanPark...@googlegroups.com]
Sent: Wednesday, 2 November, 2016 1:46 AM
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alanbek
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wendebar <wend...@singnet.com.sg>: Nov 26 12:47AM +0800
Guys, it's time to let the old dame go. A resounding yes from me. Tks for reviving.
Rgds, Woon/Lieu
----Original Message----
From : ChuanPark...@googlegroups.com
Date : 14/11/2016 - 16:18 ...more