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ExpatSingapore Message Board 13 February 2012, 22:27:33 pm *
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Author Topic: En Bloc-Complete the list  (Read 308033 times)
LPLV
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« Reply #1245 on: 02 August 2007, 11:50:46 am »

as owner of LP/LV units, i am very happy with my property...a bit aged, but great place..the sea and lagoon view is breath taking...to me better than costa del so...if got enbloc, i will cash out happily...if no enbloc, i stay on happily on two pieces of good properties..
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« Reply #1245 on: 02 August 2007, 11:50:46 am »



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1 cent
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« Reply #1246 on: 02 August 2007, 12:07:38 pm »

If you did not pay "astronomic" price for it, that's O.k (nice place to stay). Just for those "enbloc hopeful" who pay TOP $$$ (with huge premiums) thinking of making big $$$$ and buy into the enbloc hype are the one who suffers. Sweet dream becomes nightmare when enbloc is not materialised. Think before you leap. All investments come with risks but please do your calculations (calculated risk) and make sure you can "stomach" the "unthinkable".     
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LP/LV
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« Reply #1247 on: 02 August 2007, 12:23:16 pm »

i believe LP/LV owners who bought in the past at around 0.5m mark are in very good shape...market is demanding at above 1.3m for your once nobody wanted property...i will wait for enbloc if no cash needs...because you have a fat cushion...for those who buy now at 1.3-1.4m level, i think they are not stupid...it is calculated risk...chances for enbloc is there...see who laugh in the end, whether the investors now or the naysayers who have no ownerships there...
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No worry la
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« Reply #1248 on: 02 August 2007, 12:26:46 pm »

singapore is an island
whole island surronded by sea
so many sea front properties
punggol, jurong, tuas, sembawang...
even inland has reservoirs
macritchie, bedok, pierce ...

so how to have developers pay high prices?


East coast is traditional best choice for sea view. Not all sea view are born equal.
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common sense
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« Reply #1249 on: 02 August 2007, 12:32:11 pm »

singapore is an island
whole island surronded by sea
so many sea front properties
punggol, jurong, tuas, sembawang...
even inland has reservoirs
macritchie, bedok, pierce ...

so how to have developers pay high prices?


You may as well ask since singapore has so much land ang mo kio, tuas, jurong, east west....then why developers pay 2,000 psf in orchard but 200 psf in tuas



 
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toh
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« Reply #1250 on: 02 August 2007, 12:48:36 pm »

How interesting.

Is anyone here attending the 12 Aug BP meeting? I'll be travelling but would love an update.

Am wish to attend... but don't know can or not cause only end Oct than will be officialy the ownership... Can I Huh
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RH
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« Reply #1251 on: 02 August 2007, 13:06:13 pm »

From now on enbloc or no enbloc, property prices will never be the same again. With IR, F1 and 6.5 million pop target, with new plans for vibrant Singapore, with limited land space, with new thinking and globalisation mindset, with education hub, with financial hub, with big dreams, it will not be the same again. The other scenarios - a big earthquake, a giant tsunami, a world war, a major health epidemic and the rise of an unfeeling, uncompromising, godless people all bent on economic progression and nothing else and that cud spell the end for our city state.
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cmdsea
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« Reply #1252 on: 02 August 2007, 13:19:28 pm »

a big earthquake, a giant tsunami, a world war, a major health epidemic .... All scary but improbable...

On the other hand a 30-40ft rise in sea levels due to global warming and vanishing ice caps is much more likely and conceivably in the lifetime of anyone reading these posts. A small announcement in the newspaper a few months ago that the Govt has quietly set up a JV research lab with a specialist dutch dyke builder shows that its being taken seriously.! But for all the people harping on here about sea views and ambience, get ready for a 40ft piled sea wall to go all around the coast at some stage in the future..

P.S: If you have a holiday home in Florida or the Gulf Coast now is the time to sell it.!
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toh
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« Reply #1253 on: 02 August 2007, 13:19:49 pm »

As for en-bloc fever, my view is that it will go on for many years as long as economy is good.. is just only Gov does not want this market turn into bubble (If a pcs of wood is burning to fast, the fire will end early, the Gov have to pour some water in to slow it down and to let it burn longer..).
Good points for En-bloc are;
1) Create more buying power (now is hot, so the master has to slow it down)
2) Create more job
3) Good for construction sector
4) Create new infrastructure and buildings and new look for our new vibrant city.. etc.
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cmdsea
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« Reply #1254 on: 02 August 2007, 13:33:00 pm »

Bad points for en-bloc are:

1) Artificially raises prices for all home owners
2) Displaces people who may have no desire to sell or move
3) Creates noise and disruption for 2 or 3 years while in progress
4) De-stablilises the rental market
5) Replaces low density housing with high density
6)Morally wrong & environmentally unfriendly to demolish and then replace what is otherwise perfectly good housing
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Better luck next time
Guest
« Reply #1255 on: 02 August 2007, 13:49:34 pm »

This thread has deteriorated into an endless barrage of local hopefuls spouting their hype.

Notice how the tone is becoming more and more desperate, as the odds of them holding the bag (read: hopelessly overpaid hunk of bricks in the sticks) is going up with each passing day.

Face it guys, you got greedy, you gambled... and lost.
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Bayshore Parker
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« Reply #1256 on: 02 August 2007, 14:14:23 pm »

To Bayshore Pearl and Bayshore Diamond:  Not able to attend on 12 August so if you would please update on the forum that would be great.
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bad luck
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« Reply #1257 on: 02 August 2007, 15:11:53 pm »

bought two 2bdrm units at BP at $820k and $825k
got 6 weeks more to exercise.
don't know what to do now?
keep or sell?
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enblocked
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« Reply #1258 on: 02 August 2007, 16:58:42 pm »

about $780k
verbal only

thanks. that's not too bad...

mkt is pretty sideways now, i feel. in June and July there was a big spike which the powers that be obviously noted as well. that edge is slightly off now, and i think the govt will from time to time talk the mkt out of such spike.

i think u might need to hold a while to catch the next wave.
 







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Dr. Phil
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« Reply #1259 on: 02 August 2007, 17:22:21 pm »

Wave height is decreasing. Agents are whistling. The next significant wave will be in about 8-10 years.
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