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Thread: The Summit Enbloc

  1. #1
    living in the east
    Guest

    Default The Summit Enbloc

    I have heard that the Summit is going through an enbloc process. What is the criteria for making a project viable for enbloc? If the plot ratio remains at 1.4, what makes it viable in the developer standpoint to be interested in the enbloc?


  2. #2
    Newbie
    Join Date
    Jan 2007
    Posts
    113

    Default Re: The Summit Enbloc

    The main criteria is that the surrounding new development are commanding much higher prices psf. The enbloc value is further enhanced if the original development was not built to the maximum original plot ratio. This is generally the case for most developments that are more than 20 years.

  3. #3
    Unregistered
    Guest

    Default Re: The Summit Enbloc

    the whole stretch at upper east coast is now very high potential ! look at the stretch behind Bayshore park. East coast Ville, richeast mansion and Anchor gardens are already enbloc-ed. Casa Nassau is putting up the collective sale sigh. Left only Villas Laguna, The tropic gardens and Teck Guan Ville. These 3 are highly en-bloc potential as well.

    Maybe we dunno what the developers know? maybe the plot ration for Upper East coast road is going to increase? as look at how high is Bayshore park, the bayshore etc.. Why those behind should still be kept at 1.4? and Eastern lagoon is also having high building..

    just my 2 cents thoughts ?

  4. #4
    Unregistered
    Guest

    Cool Re: The Summit Enbloc

    with low-rise potential sites going for enbloc and putting up collective sales, what will be the potential of high-rise projects around the area like Costa Del Sol, The Bayshore and Bayshore Park (this one i tot was enbloc?). There are still land just beside Bayshore road, will there be potential developments. I think there is alot of Potential there.

  5. #5
    Unregistered
    Guest

    Default Re: The Summit Enbloc

    many old condos are in the mist of under en blocking now

  6. #6
    Unregistered
    Guest

    Default Re: The Summit Enbloc

    Can someone start a Thread on Costa Del Sol, i think there is further potential there.

  7. #7
    property hitman
    Guest

    Default

    I guess this one is kaput? finished? price dropped liao since no en bloc?

    hmm.... waiting to make a killing on this.

  8. #8
    summit1
    Guest

    Default dead

    With so many new properties coming up in 2008.2009 and 2010.. D15 and D16, this one is dead.. Full Stop !
    Guess many raiders are trying to market their units out to unsuspecting investors.. Beware..

  9. #9
    Trell
    Guest

    Default

    Any updates on Summit condo enbloc?Still in progress?

  10. #10
    Newbie
    Join Date
    Apr 2008
    Posts
    36

    Default

    Quote Originally Posted by Unregistered
    the whole stretch at upper east coast is now very high potential ! look at the stretch behind Bayshore park. East coast Ville, richeast mansion and Anchor gardens are already enbloc-ed. Casa Nassau is putting up the collective sale sigh. Left only Villas Laguna, The tropic gardens and Teck Guan Ville. These 3 are highly en-bloc potential as well.

    Maybe we dunno what the developers know? maybe the plot ration for Upper East coast road is going to increase? as look at how high is Bayshore park, the bayshore etc.. Why those behind should still be kept at 1.4? and Eastern lagoon is also having high building..

    just my 2 cents thoughts ?
    y worry wat the developer knows??? y not u be developer instead????
    ya plot ration going to shoot up high. say 4.8, u happy?....but in the next century, u make sure u be there to see.......................

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