Asked by Anonymous
I am looking to buy a property in D9, looking at developments which have attempted but failed to en bloc. Anyone with experience looking at these developments?
380 views
4 Answers
Hi there sir ,
Thank you for your query.
Perhaps you could contact me to share more on your requirements (type) and finances on hand for me to propose a customised list of developments and exact unit types for your perusal. Will be glad to offer my insights in this regards and chart out a financial report & transaction caveat / capital appreciation report for your understanding. Thank you !
Please visit my website : www.kumarrai.com for all the up to date awards, testimonials and accolades. Thank you very much!
D Kumar
+65 96659926
ERA Associate Division Director
#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7
ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2017
ERA Multi-Million Dollar Club Award
2014-2017 ERA Asia-Pacific Business Conference Elite Award
P Group
Overall Top 100 achievers 2014-2017 Read More
Thank you for your query.
Perhaps you could contact me to share more on your requirements (type) and finances on hand for me to propose a customised list of developments and exact unit types for your perusal. Will be glad to offer my insights in this regards and chart out a financial report & transaction caveat / capital appreciation report for your understanding. Thank you !
Please visit my website : www.kumarrai.com for all the up to date awards, testimonials and accolades. Thank you very much!
D Kumar
+65 96659926
ERA Associate Division Director
#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7
ERA 2015 Q1 Top Achievers (Top1%)
ERA Top Achievers 2013-2017
ERA Multi-Million Dollar Club Award
2014-2017 ERA Asia-Pacific Business Conference Elite Award
P Group
Overall Top 100 achievers 2014-2017 Read More
1
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Lee Chong HanRepliedI have added the parameters per your request.
Good evening Sir/ Mdm,
Care to share more about your intention behind getting failed en bloc projects?
You are looking to be one of the owners in next round of en bloc (if any) or will wish to stay in the project that wont en bloc (long term own stay)?
Usually once en bloc failed, project will need to wait another 2 years to go for another round of en bloc if within 2 years, they need to obtain 50% signatures instead of 20% required to start en bloc process again. You must not suffer any loss if not en bloc will not proceed (due to seller's stamp duty within 3 years).
Perhaps you can share more with me so I will be in a better position to advise you further.
"Your Freehold Ally, Leasehold Tactician"
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd
(M): +65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor
Accolades:
Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)
Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:
http://bit.ly/yt_proptrack Read More
Care to share more about your intention behind getting failed en bloc projects?
You are looking to be one of the owners in next round of en bloc (if any) or will wish to stay in the project that wont en bloc (long term own stay)?
Usually once en bloc failed, project will need to wait another 2 years to go for another round of en bloc if within 2 years, they need to obtain 50% signatures instead of 20% required to start en bloc process again. You must not suffer any loss if not en bloc will not proceed (due to seller's stamp duty within 3 years).
Perhaps you can share more with me so I will be in a better position to advise you further.
"Your Freehold Ally, Leasehold Tactician"
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd
(M): +65 9111 5171
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor
Accolades:
Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)
Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:
http://bit.ly/yt_proptrack Read More
1
Hi,
In my opinion, you should not look for such properties at the moment.
Mainly because of the current enbloc fever, sellers of such units would definitely price their units higher than the actual valuation. Should you purchase such a unit today and it got enbloc within the next few months, you will be forced to incur a hefty 12% SSD. This is on top of the BSD and ABSD that you pay.
Whether you make a profit or not depends on how bullish the Developer bid is. You could make a loss if you had purchased it high, or the Developers bid is not to your expectations. Even if all stars aligned, and you manage to make a profit in this case, the profits would not be fantastic as well.
Hence, I feel it is not worth going for such properties at this current moment in time. The risk is too high, and the rewards are simply not attractive enough.
Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you and your partner in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More
In my opinion, you should not look for such properties at the moment.
Mainly because of the current enbloc fever, sellers of such units would definitely price their units higher than the actual valuation. Should you purchase such a unit today and it got enbloc within the next few months, you will be forced to incur a hefty 12% SSD. This is on top of the BSD and ABSD that you pay.
Whether you make a profit or not depends on how bullish the Developer bid is. You could make a loss if you had purchased it high, or the Developers bid is not to your expectations. Even if all stars aligned, and you manage to make a profit in this case, the profits would not be fantastic as well.
Hence, I feel it is not worth going for such properties at this current moment in time. The risk is too high, and the rewards are simply not attractive enough.
Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you and your partner in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More