Properties in Geylang Area: Potential?

[HOW]

ERECTION OF AN 8-STOREY FLAT DEVELOPMENT (TOTAL 142 UNITS) WITH 1ST & 2ND STOREY CARPARKS, SWIMMING POOL AND 4-STOREY REAR EXTENSION TO EXISTING 12 UNITS OF 2-STOREY CONSERVATION BUILDINGS ON LOT 2032N MK25 AT LORONG 28 GEYLANG, GEYLANG ROAD, LORONG 30 GEYLANG[THIS TOP IS ISSUED FOR HOUSE NOS. 1, 3, 5, 7, 11, 13 & 15 LORONG 28 GEYLANG ONLY]

Thanks for the info. Mine is blk 5. So is in this batch.

[catlover]

If any of you have not submitted your paperwork to the lawyers yet, should do soon. (We did ours in late Oct). We were told by our lawyer then that they will need time to prepare and submit docs to CPF, etc., so if all these docs are pre-prepared, that will save some time. Once all the paperwork is done, we just have to wait till TOP is served. Thereafter, it will take another approx 2 weeks before all paperwork between lawyers is done. Only then will the deveoloper issue the letter to collect the keys (so give another 1 week or so), which means approx 3 weeks before we can officially move in after TOP is served..

I remember doing all the CPF paperwork when processing the Maybank loan - but good you mention, I better check, it has been quite a while. Thanks.

[Geylang lover]

From where to see it is a partial TOP?? please advise

[HOW]

From where to see it is a partial TOP?? please advise

Refer to earlier posting.

Before the BCA website update the TOP application status from SUSPENDED to APPROVED, it was stated as [PARTIAL TOP].

After it's status was updated to APPROVED, it was stated as [THIS TOP IS ISSUED FOR HOUSE NOS. 1, 3, 5, 7, 11, 13 & 15 LORONG 28 GEYLANG ONLY]

Seems that the TOP issued is for all the residential units.

[robdavies]

I remember doing all the CPF paperwork when processing the Maybank loan - but good you mention, I better check, it has been quite a while. Thanks.

What paperwork is this???

[catlover]

What paperwork is this???

Oh, I'm planning to use my CPF $ to service the monthly Mortgage Loan payment, need to make an application to CPF. Need the CPF Board approval letter & approved amount, CPF will have legal rights. This stuff takes time, so better ensure it is done.

Guess what's left when the developer's lawyers serve notice is that I'll need to pay the remaining cash balance, pay the stamp duty, my lawyer need to get Maybank to release the loan. I remember there will be some miscellaneous payment like 6-mth maintenance fee prepayment, surveyor report fee, etc... as well. All these before key is given to me, let's hope the lawyers work fast fast.

[HOW]

Developer served TOP to my lawyer liao.

[KT@AR]

Developer served TOP to my lawyer liao.

yours on Lor28 or Lor30?

[HOW]

yours on Lor28 or Lor30?

Lorong 28.

But should not have any diff whether is Lorrong 28 or 30.

This TOP is for 1,3,5,7,9,11,15.

1,3,5 is along lorong 28. 7,9,11 ia along lorong 30.

[KT@AR]

Lorong 28.

But should not have any diff whether is Lorrong 28 or 30.

This TOP is for 1,3,5,7,9,11,15.

1,3,5 is along lorong 28. 7,9,11 ia along lorong 30.

ok.. then mine would be later.

[HOW]

ok.. then mine would be later.

The TOP should be together but the developer might serve the TOP at diff time.

I asked my lawyer to wrote in to request for my TOP to be served ASAP. Maybe that's the reason why I received it first.

BTW, my lawyer and the developer's lawyer shares the same office. So that could be another reason.

[catlover]

My lawyer also received notice from developer.

[SIFU]

anyone from blk 15 receive their TOP??

[spiderman]

mine is 3, have just received the lawyer letter.

[gerberas]

I'm at Blk 3, and my lawyer also just confirmed they have received the letter from the developer. There are some cheques to be paid, and after they're cleared, we can call to arrange with the developer to collect the keys... yay!

[kings]

mine stack #7 also received letter liao...
anyone know how much is the maintenance fee?

[HOW]

mine stack #7 also received letter liao...
anyone know how much is the maintenance fee?

depending on the no. of share value for your unit

ATRIUM RESIDENCES MAINTENANCE FUND 1 @ 2.70 per share
ATRIUM RESIDENCES MAINTENANCE FUND 3 @ 1.80 per share

It is stated in the letter

[spiderman]

any idea why there are 2 maintenance fee ? maint 1 & 3 ?

[HOW]

any idea why there are 2 maintenance fee ? maint 1 & 3 ?

ATRIUM RESIDENCES MAINTENANCE FUND 1 :
Special maintenance fund for limited common property No 1 (Residential) : $2.70 per share value

ATRIUM RESIDENCES MAINTENANCE FUND 3 :
Maintenance fund for common property at rate of $1.80 per share value



Stated in the BCA letter to Novelty.

[KT@AR]

ATRIUM RESIDENCES MAINTENANCE FUND 1 :
Special maintenance fund for limited common property No 1 (Residential) : $2.70 per share value

ATRIUM RESIDENCES MAINTENANCE FUND 3 :
Maintenance fund for common property at rate of $1.80 per share value



Stated in the BCA letter to Novelty.

so for example i have 50 shares...

means 50x$2.70=$135
+ 50x$1.80=90
Total =$225
+7% GST =$240.75

is that correct?

[HOW]

so for example i have 50 shares...

means 50x$2.70=$135
+ 50x$1.80=90
Total =$225
+7% GST =$240.75

is that correct?

Based on what was stated. yes.

[Geylang lover]

im from blk 7 too. I think is $180 right? Look like we must arrange a meet-up for all.

[KT@AR]

Based on what was stated. yes.

now... also need to times 6 months upfront payment. so that would be abt $240.75x6 =$1444.50

[spiderman]

still need to include the survey fee which is about $250

[Geylang lover]

Call my lawyer this morning. The key can be collect on the 15 of this month. I pay $900 1/2 a year for maintance fees $600 for the common property which becuase of the shop infront of the project and the other fee is $200 or something like this. I find that the $600 is like paying for nothing. My lawyer will mail out the letter by today or tomoorow to me. Anyone share my views?

[Daredevil]

im from blk 7 too. I think is $180 right? Look like we must arrange a meet-up for all.

Folks, its great to see this thread active again. I had refused to post anything because of spoil-spots who were making fun of people like us who have invested in Geylang. I too, am excited now that I have received the TOP letter (my lawyer was nice enough to email me).

I had started this thread because I believe in the long-term potential of Geyland (only to be slammed by many people).

yes, it would be great if we all can meet one of these days....

[Daredevil]

Fellow Atriumites!
Can I just check: How many of you are staying vs how many renting out.

I will start first:
I intend to stay at The Atrium residences for at least a 1 yr before renting it out. Its because its near Suntec City where I work at... and my wife's office is nearby at Geylang East Central. I love the designer furnishings - and honestly, if it wasn't for the bad perception of Geylang, I guess I would have made this my permanent home - with all the good food around

[HOW]

I wil be staying there.

[Geylang lover]

Im staying too

[kings]

will stay for at least 3 yrs