Nuovo

[zzz1]

See my posts on this. Better into sinking than individual fighting for a bigger piece of pie. It's 'pai' Liao

this where the complication lies, for those whom are directly affected may have the intention to sell their unit, and they don have the interest of keeping the money in the fund..

so during the resolution, the MC and the resident must decide what they wan, and out front..to empower the MC to act..one must remember the MC is just an agent working for the interest of the resident.

Not another way round

[kingkong1984]

How about empowering the MC to act and set a condition that for units sold with 6 mths of getting the compensation, they get their one share in cash out of the compensation while rest go to common fund.

[zzz1]

How about empowering the MC to act and set a condition that for units sold with 6 mths of getting the compensation, they get their one share in cash out of the compensation while rest go to common fund.

The resident, whom of interest, need to write to the MC prior to extra ordinary meeting, to list these pre requisite and condition. The final arrangement shall be then pass/no pass in resolution subjected by the voting in the meeting.

Importance is to bring up the requisite to the MC prior the meeting.

[gohsoonk]

Thanks for the contribution. Very technical indeed.

The resident, whom of interest, need to write to the MC prior to extra ordinary meeting, to list these pre requisite and condition. The final arrangement shall be then pass/no pass in resolution subjected by the voting in the meeting.

Importance is to bring up the requisite to the MC prior the meeting.

[Lovelle]

http://theonlinecitizen.com/2011/04/...ncerns-on-nse/

[Wild Falcon]

These guys should just be selfish - roads and expressways have to be built somewhere to ensure better accessibility. If everyone also complain, then no roads can be built liao!!! If it's beside your house, then tough luck. Think on the bright side, lots of condos also face ECP and their prices are close to $1500psf.

[teddybear]

But LTA has a choice - build an underground road tunnel instead of viaduct when the expressway is going to so close to residential estates! Why they didn't want to? Give all sort of excuses about land use etc when there are so much land around there can't even build a ventilation area for the underground car tunnel? Are they trying to save costs at the expenses of residents living in nearby areas? How about they build a viaduct expressway right in front of Oxley Road?

These guys should just be selfish - roads and expressways have to be built somewhere to ensure better accessibility. If everyone also complain, then no roads can be built liao!!! If it's beside your house, then tough luck. Think on the bright side, lots of condos also face ECP and their prices are close to $1500psf.

[Andrew76]

But LTA has a choice - build an underground road tunnel instead of viaduct when the expressway is going to so close to residential estates! Why they didn't want to? Give all sort of excuses about land use etc when there are so much land around there can't even build a ventilation area for the underground car tunnel? Are they trying to save costs at the expenses of residents living in nearby areas? How about they build a viaduct expressway right in front of Oxley Road?

Is there a link here to oxley road?

[DC33_2008]

The URA masterplan show residential plots of 3.0 opposite nuovo. It is too expensive for them to build a ventilation building to serve the tunnel in this area. I notice that there is a cemetry next to Nuovo. Is it still there?

But LTA has a choice - build an underground road tunnel instead of viaduct when the expressway is going to so close to residential estates! Why they didn't want to? Give all sort of excuses about land use etc when there are so much land around there can't even build a ventilation area for the underground car tunnel? Are they trying to save costs at the expenses of residents living in nearby areas? How about they build a viaduct expressway right in front of Oxley Road?

[Wild Falcon]

A ventilation chimney would be worse. It's like channeling all 10km the concentrated fumes, carbon monoxide and dust into one chimney and blow out from the chimney into the air. It's better to live near an expressway with short exposure to the dust than to live near the chimney with concentrated carbon monoxide 24x7. These guys want the best of both worlds - underground tunnel and then ventilation chimney blow at other people away from their homes? Live and let live. It's just an expressway. Just like those condos facing ECP. It brings convenience as well. My friends who live in front of ECP get used ot the road hum.

But LTA has a choice - build an underground road tunnel instead of viaduct when the expressway is going to so close to residential estates! Why they didn't want to? Give all sort of excuses about land use etc when there are so much land around there can't even build a ventilation area for the underground car tunnel? Are they trying to save costs at the expenses of residents living in nearby areas? How about they build a viaduct expressway right in front of Oxley Road?

[danntbt]

The train roll by every few minutes....those facing the track probably already gotused to that and do not notice anymore.....the expressway will likewise be somthing to get used to....the owners lost nothing except what they have been lucky to profit, a little less profit is still profit, so what the big deal...mmm maybe this would be a cheaper option now...but still looking at the neighbouring devlopment, castle green for the spacious pool area...

[kingkong1984]

yup, tell the buyers to get use to it also



Dun worry about MRT, you will get used to it.

Dun worry about Expressway, you will get used to it.

Dun worry about the Hospital, you will get used to it.

Good line leh... will buyer bite?

[danntbt]

yup, tell the buyers to get use to it also



Dun worry about MRT, you will get used to it.

Dun worry about Expressway, you will get used to it.

Dun worry about the Hospital, you will get used to it.

Good line leh... will buyer bite?

....well obviously the buyers did bite......Nuovo was a sell out......

[Terese]

what i understand nuovo residents like to bring matters up to MP/Press etc. As some commented it is just a matter of getting used to it and it is for the many benefit of North residents.

[mantrix]

what i understand nuovo residents like to bring matters up to MP/Press etc. As some commented it is just a matter of getting used to it and it is for the many benefit of North residents.

they have 300 units...dun think MP will bend rules and coerce LTA just for their sake...at most lose some votes loh :P

[Terese]

they have 300 units...dun think MP will bend rules and coerce LTA just for their sake...at most lose some votes loh :P

True, seem like they are badly affected else they should not be desperate until looking for MPs, going to press etc. will give this a miss until there is lelong sales from there.

[land118]

yup, tell the buyers to get use to it also



Dun worry about MRT, you will get used to it.

Dun worry about Expressway, you will get used to it.

Dun worry about the Hospital, you will get used to it.

Good line leh... will buyer bite?

Tell buyers , Don't worry about construction and jam, u will get used to it.

[kingkong1984]

Haha good line leh

Dun worry about being ripped off.. You will get used to it.

Dun worry about looking stupid... You will get used to it

Dun worry if no one wants to buy your unit... You will get used to it.

Wah.. Endless and pricelss line leh.

[mantrix]

saw some of the asking prices...just ridiculous

even PH owners asking for 1.75M or 700++psf....when the PH is only 3 bedder

pre-NSE announcement they were going at 1.3 -1.4M

if they want to get rid of their units before construction begins they should be less greedy

else when the lap pool gets cut into half much harder to sell then

[kane]

saw some of the asking prices...just ridiculous

even PH owners asking for 1.75M or 700++psf....when the PH is only 3 bedder

pre-NSE announcement they were going at 1.3 -1.4M

if they want to get rid of their units before construction begins they should be less greedy

else when the lap pool gets cut into half much harder to sell then

those guys are just trying luck lah. they don't look like they're planning to move out. they can't find another penthouse to stay if they sold theirs for $1.4m. so it looks like they'll have to live with the construction.

[linchong84]

those guys are just trying luck lah. they don't look like they're planning to move out. they can't find another penthouse to stay if they sold theirs for $1.4m. so it looks like they'll have to live with the construction.

How long is the construction going to last? Is construction really that jialat a thing? How about developments that have the land beside building condo, eg, tropica. The impact is much lesser?

[ysyap]

Let them test water... only time will tell if their units still appeal to potential buyers... maybe those who don't read/listen to news???

[mantrix]

How long is the construction going to last? Is construction really that jialat a thing? How about developments that have the land beside building condo, eg, tropica. The impact is much lesser?

2013 to 2020. And 8000 sq ft taken from their beloved pool.

7 year of pure blessed noise, and not forgetting jams.
And they are asking for the sky. 700+psf is possible for 3 BR normal units not the 3BR PHs - they have huge hot roof terraces and dun forget noise travels up

Nothing against them just think they are not realistic

[wind30]

Let them test water... only time will tell if their units still appeal to potential buyers... maybe those who don't read/listen to news???

I am sure there are this kind of people around. I think from now till the start of the construction is still quite a few years. So they not hurry to sell what. Slowly sell lor. The fire sales if any will only come nearer to construction.

[linchong84]

2013 to 2020. And 8000 sq ft taken from their beloved pool.

7 year of pure blessed noise, and not forgetting jams.
And they are asking for the sky. 700+psf is possible for 3 BR normal units not the 3BR PHs - they have huge hot roof terraces and dun forget noise travels up

Nothing against them just think they are not realistic

7 years?!

I think entire NSE maybe 7 years ba.. But for their area perhaps 1 year will finish? No meh? Cant be they construct that small stretch for so long right? In fact i think 1 year also too long..

But taking 8000 sqft off swimming pool is ridiculous.. are they compensated?

[kane]

the pool may or may not be affected. apparently there's a bit of grass patch and walkway. i think rarely do tunneling projects take one year. Anyone living in paya lebar can shed some light how long did KPE take?

[mantrix]

7 years?!

I think entire NSE maybe 7 years ba.. But for their area perhaps 1 year will finish? No meh? Cant be they construct that small stretch for so long right? In fact i think 1 year also too long..

But taking 8000 sqft off swimming pool is ridiculous.. are they compensated?

Even if construction is less, the entire area will be affected for that span of time. Barricades and all that - at least a good 5 years disruption to their condo bliss.

Not 8k sq ft off swimming pool but their land - not reported in news but is fact. They appealing but honestly not much chance.

They lap pool will need to be resized for sure since it is just next to road.

Look out for fire sales when 2013 comes - by then they start to panic and lower asking prices may be too late...

[linchong84]

Even if construction is less, the entire area will be affected for that span of time. Barricades and all that - at least a good 5 years disruption to their condo bliss.

Not 8k sq ft off swimming pool but their land - not reported in news but is fact. They appealing but honestly not much chance.

They lap pool will need to be resized for sure since it is just next to road.

Look out for fire sales when 2013 comes - by then they start to panic and lower asking prices may be too late...

I think the stranger thing is why are people still buying there at 750psf in may? there's even one 884psf in apr.. hmm.. did they manage to see some potential that we couldn't see?

[flagship74]

I think the stranger thing is why are people still buying there at 750psf in may? there's even one 884psf in apr.. hmm.. did they manage to see some potential that we couldn't see?

I have a friend staying in Nuovo 3 bedders and he recently sold his unit ( First floor come with patio) transaction around S$1.3 Mil.

[mantrix]

I think the stranger thing is why are people still buying there at 750psf in may? there's even one 884psf in apr.. hmm.. did they manage to see some potential that we couldn't see?

Cos they look short term. Reported in papers also price dropped from 674 to 644psf I think...