I am a shop owner at Upper Serangoon Shopping Centre. I own a few units in the development. There is a buyer going around asking some of us owners to sell. From my research the last time the enbloc price which was offered was about $1,800 per square foot per plot ratio. If the plot ratio is 2.4, does it mean that the price offered was the square feet of my unit multiplied by $4320?
In this current market does it make sense to hold out for an even higher enbloc price? Upper Serangoon Shopping Centre is a FREEHOLD white site and it has good catchment areas. The Minton just obtained it's T.O.P. and I believe mixed development is the way to go. I look at Kensington at Jalan Lokam. The prices are really high for commercial.
What is the asking price I should set for my unit at Upper Serangoon Shopping Centre? I don't mind selling it if there is a reasonable price but the price should also take into consideration that the development has good potential.