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On Sep 7 I asked if I should sell or await for possible enbloc sale to happen.

Now Neptune Court, 1636 sq.ft unit last sold price was S$1.15M (up from S$1M). Do you think I should sell if I can get some buyer/speculator willing to pay S$1.2M or wait?
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4 Answers

Kelvin Chng 庄锦辉
Hi Onghs,

I personally feel that if you can get a buyer/speculator to buy your property at 1.2M, it will be a very good deal. Reason being is for Neptune Court to go en bloc, each resident needs to fork out around $190,000 and the en bloc value may just be around 1.4. Therefore, the potential upside gain is only around 100k but owners are taking a huge risk if the project eventually can't en bloc.

Hope that helps.

Cheers

Kelvin
Huttons
 81381050 
chngkenghooi@hotmail.com Read More
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  • OH
    No, S$190K was old story, the latest is about S$52K for privatisation.

    FYI, around mid 2007 during the signatures collection, the enbloc sale price tag was S$2.4M for the 1636sq.ft unit.

    Yes I can wait but if the price is attractive I will sell and move on.
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