Asked by Anonymous
Should I buy Spring Grove now? Will it be en bloc'ed in the next 5-10 years?
2956 views
6 Answers
Hi,
This is a million-dollar question. Nobody can predict the future, and I believe no agent will be able to guarantee you that a particular condo is going to be encbloc in the future.
Whether or not should you purchase Spring Grove depends on what is your objectives. Are you looking to buy for own stay? Or are you just betting on enbloc? And also why Spring Grove? I believe you must have your own reasons as to which only this is shortlisted.
I am experienced and well-versed in private resale transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.
Should you need require 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 in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More
This is a million-dollar question. Nobody can predict the future, and I believe no agent will be able to guarantee you that a particular condo is going to be encbloc in the future.
Whether or not should you purchase Spring Grove depends on what is your objectives. Are you looking to buy for own stay? Or are you just betting on enbloc? And also why Spring Grove? I believe you must have your own reasons as to which only this is shortlisted.
I am experienced and well-versed in private resale transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.
Should you need require 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 in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More
Good afternoon!
This is something that no one will be able to guarantee. All we can do is to do analysis and tell you if there might be high chances of Enbloc, but there is still always a level of risk as Enbloc might not go through. There are many developments I have done analysis on and felt might go through Enbloc, and they have whereas a few of them have not.
The most important question is: If you purchase Spring Grove and it does not go through Enbloc, will you be fine with it?
As I do not have your contact details, kindly contact me directly by email at bhavina7777@gmail.com or call/text/whatsapp me at 91708295 , as we are not notified when you reply here. Let's discuss further! I look forward to hearing from you!
Bhavina Kaur
M: +65 91708295
E: bhavina7777@gmail.com
W: investbuysellrent.com
F: facebook.com/investbuysellrent
Whatsapp: https://wa.me/6591708295 Read More
This is something that no one will be able to guarantee. All we can do is to do analysis and tell you if there might be high chances of Enbloc, but there is still always a level of risk as Enbloc might not go through. There are many developments I have done analysis on and felt might go through Enbloc, and they have whereas a few of them have not.
The most important question is: If you purchase Spring Grove and it does not go through Enbloc, will you be fine with it?
As I do not have your contact details, kindly contact me directly by email at bhavina7777@gmail.com or call/text/whatsapp me at 91708295 , as we are not notified when you reply here. Let's discuss further! I look forward to hearing from you!
Bhavina Kaur
M: +65 91708295
E: bhavina7777@gmail.com
W: investbuysellrent.com
F: facebook.com/investbuysellrent
Whatsapp: https://wa.me/6591708295 Read More
Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead.
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
Regards
Aaron Chong
9730 8455
aaronchong2774@yahoo.com.sg Read More
Dear sir/madam,
Spring Grove is a 99years leasehold project in district 10 with its lease commencing from 1991, with an approximate 71 years balance in the lease tenure. There is a total of 325 units in this project with a plot ratio of 2.1, which means this development can go as high as 24 storey subject to the authorities approval.
If you have come across business times report on 9th December 2019, it is reported that there is currently a supply glut of homes which will take years to clear, and with a list of land sales coming up in 2020, developers will definitely take a cautious approach when it comes to collective sale, given that they have an additional 5% non-remissible stamp duty to pay after the last round of cooling measures introduced back in July 2018.
The city-state had an overhang of 31,948 units as of Sept 30, according to the Urban Redevelopment Authority. Sales have averaged about 2,500 homes per quarter this year, and at that rate it will take almost four years to clear the backlog, according to Christine Li, head of research for Singapore and Southeast Asia at Cushman & Wakefield Plc.
A collective sale will take multiple parties involvement to materialise. I am certain that there will be a good number of Spring Grove home owners eyeing a collective sale effort, but at the same time, and even if 80% of the home owners agree to put up the project for collective sale, the collective sale effort will still require a developer willing to match the expected price in order for the effort to be successful. I am not so optimistic if we are looking at the 5 years horizon to be honest based on the current numbers.
Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888 [mob] +65 81577565 [LDA] +65 92787772
www.geryllim.com
-----
Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore
Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
My self introductory video on https://www.youtube.com/watch?v=uZ6REQfdGSw
-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More
Spring Grove is a 99years leasehold project in district 10 with its lease commencing from 1991, with an approximate 71 years balance in the lease tenure. There is a total of 325 units in this project with a plot ratio of 2.1, which means this development can go as high as 24 storey subject to the authorities approval.
If you have come across business times report on 9th December 2019, it is reported that there is currently a supply glut of homes which will take years to clear, and with a list of land sales coming up in 2020, developers will definitely take a cautious approach when it comes to collective sale, given that they have an additional 5% non-remissible stamp duty to pay after the last round of cooling measures introduced back in July 2018.
The city-state had an overhang of 31,948 units as of Sept 30, according to the Urban Redevelopment Authority. Sales have averaged about 2,500 homes per quarter this year, and at that rate it will take almost four years to clear the backlog, according to Christine Li, head of research for Singapore and Southeast Asia at Cushman & Wakefield Plc.
A collective sale will take multiple parties involvement to materialise. I am certain that there will be a good number of Spring Grove home owners eyeing a collective sale effort, but at the same time, and even if 80% of the home owners agree to put up the project for collective sale, the collective sale effort will still require a developer willing to match the expected price in order for the effort to be successful. I am not so optimistic if we are looking at the 5 years horizon to be honest based on the current numbers.
Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888 [mob] +65 81577565 [LDA] +65 92787772
www.geryllim.com
-----
Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore
Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
My self introductory video on https://www.youtube.com/watch?v=uZ6REQfdGSw
-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More
2
Good afternoon,
Spring Grove is an unique condo development in the sense that it is a leasehold development that sits on freehold land owned by the US government. It had previously went for an en bloc attempt but didn't go through.
More details @ https://www.todayonline.com/singapore/residents-leasehold-properties-sitting-freehold-land-face-extra-poser-seeking-collective
With the recent cooling measures imposing higher land acquisition costs for developers, relatively healthy supply of stock of a few new launches in the grange/orchard road vicinity and the somewhat uncertain economic climate, chances of successful en bloc attempts of larger land sizes developments such as Spring Grove in the next 5 years in my humble opinion may be slim. Never say never but based on the market information we have now, it does look like the en bloc cycle is taking a pause for a while and also most recent en bloc attempts have closed without a successful bidder.
All opinions are mine and does not represent the company's take. Just curious about your thought process with Spring Grove. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 600 Achievers in Year 2017 (Top 10% Company Level)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact: (+65) 97432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
FB: facebook.com/ASAProp
W: ivanng10.com/clientreviews
(Client's Testimonials)
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More
Spring Grove is an unique condo development in the sense that it is a leasehold development that sits on freehold land owned by the US government. It had previously went for an en bloc attempt but didn't go through.
More details @ https://www.todayonline.com/singapore/residents-leasehold-properties-sitting-freehold-land-face-extra-poser-seeking-collective
With the recent cooling measures imposing higher land acquisition costs for developers, relatively healthy supply of stock of a few new launches in the grange/orchard road vicinity and the somewhat uncertain economic climate, chances of successful en bloc attempts of larger land sizes developments such as Spring Grove in the next 5 years in my humble opinion may be slim. Never say never but based on the market information we have now, it does look like the en bloc cycle is taking a pause for a while and also most recent en bloc attempts have closed without a successful bidder.
All opinions are mine and does not represent the company's take. Just curious about your thought process with Spring Grove. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 600 Achievers in Year 2017 (Top 10% Company Level)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact: (+65) 97432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
FB: facebook.com/ASAProp
W: ivanng10.com/clientreviews
(Client's Testimonials)
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More
Hi Sir/Madam
I will be glad to assist
I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508 or Silviayang8@gmail.com with details of your unit
or click here http://bit.ly/2tzIQ1a to whatsapp me for no obligation discussion
Thank you.
Warmest regards,
Silvia Yang
PropNex Realty Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com Read More
I will be glad to assist
I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508 or Silviayang8@gmail.com with details of your unit
or click here http://bit.ly/2tzIQ1a to whatsapp me for no obligation discussion
Thank you.
Warmest regards,
Silvia Yang
PropNex Realty Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com Read More