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| Deferred Payment Scheme |
03 November 2007
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The deferred payment scheme(DPS)is withdrawn and the government promises more measures if necessary to cool the market.
So far it had made some impact and most developers are watching the market very closely. |
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| New rules for enbloc |
22 September 2007
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New rules were passed regulating enbloc sales.
Associates should read up the rules before advising their clients. |
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| HDB UNSOLD FLATS |
09 August 2007
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The 3rd release was made in August.
Ads were immediately put in CATS to sell to the public.
All the units belong to the EA model and EIP applies. |
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| Enbloc Track Records |
09 August 2007
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Loyang Lodge
Located off Jalan Loyang Besar D 18
Residential PR 1.4 Height 5 storeys
43,649 sq ft GFA 61,108 sqft
Value $14.8M
Elegance View
Total Units 24 units (11 sold to a developer)
RH selling the remaining 13 units at $15.6 million , reflecting $366 psf ppr
Option delivered to prospective purchaser on private treaty.
Promises Garden
55, Jalan Lim Tai See off Sixth Avenue
Pending change of plot ratio from 3 storeylanded to plot ratio of 1.6.
Land area : 60,429 sq ft
Value : Approx $60 million upwards
Wai Wing Mansions
Balestier Road/Shan Road
Site area : 9,719 sq ft
Plot Ratio: 3
Zoned: Commercial & Residential
Value : $20 million
Waldorf Apartments
235, Balestier Road
Site Area 11,348 sqft
13 storey apartments with 16 units
Tender pending
Price: $18 million reserve price
Holland Courts
Site Area 35,000 sqft
Plot ratio 1.4
5 storey
Pending CSA
Price: $18 million reserve price
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| Enbloc Track Records |
09 August 2007
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Balestier Court
Residential Site located in D12
Balestier Rd
100% consensus 10,429 sq ft
PR 2.8/36 storeys
Sold at $13.8 m
Concorde Residences
Residential site located in D11
Thomson Road
site 35,000 sq ft
PR 2.8/ 36 storeys
Sold at $51 million
Bright Building
Residential Site
located in D12
Site area12,227sq ft
PR 2.8/36 storeys
Price $17.3 million
Paterson Lodge
Exchange Programme (1st in this current boom in Orchard Road vicinity)
20 units based on Exchange Programme
Site area : approx 14,000 sq ft
Breakeven at $900 psf ppr (breakeven $35 m.)
Current value $130 million (reflecting approx $2,800 psf selling price
Ruby Plaza
Located in Balestier Road, District 12
Mixed use, commercial & residential
Plot ratio 3 with high rise potential
Status: Pending change of use to Hotel with 422 rooms.
Price : $69 million
24 Cheong Chin Nam Road
Commercial Site
Site area 11,947 sqft Commercial Zone
Plot ratio 1.4 height restriction 5 storeys
Status: Sold
Total Price $12 million
Merlin Mansion
Residential site
D15 (East Coast Rd)
Site area 36,174sq ft
PR 1.4
5 storeys
Price $25.5M($530ppr)
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| DC Revision |
21 July 2007
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The DC revision was carried out recently.
Check the URA website before advising your client.
The DP charges will also be similarly affected. |
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| Average HDB Flat Rental |
21 July 2007
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HDB has published the average rental from April to Jun 2007 on its website.
Newspaper has also printed rentals of such HDB flats at various estates.
You may used them as a guide when advising your clients. |
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| Resale HDB Flats |
29 May 2007
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| For buyers using total CPF/cash to buy their flats they should produce their CPF statements and letter to use cash before they exercise their options |
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| Investment Sales |
08 May 2007
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Congratulations to Daniel Ng for closing the 3 en bloc sales.
RH has also strengthened its investment sales portfolio and now working on more than $300,000,000.00 worth of projects.
2 new members have been added to the existing team. |
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| Stamp Duties |
25 March 2007
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| With the recent announcement on the stamp duties please remember to remind purchasers that stamp duty is payable within 14 days of the Acceptance of Option. |
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