Page 7 of 7 FirstFirst ... 234567
Results 181 to 209 of 209

Thread: Owners say enbloc sale of Tulip Garden has been called off

  1. #181
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Well well well...D day is arriving soon.

  2. #182
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Any update? Developer sending cheque?

  3. #183
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Anybody know abt the sat meeting?????

  4. #184
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Quote Originally Posted by Unregistered
    Anybody know abt the sat meeting?????
    sure, plenty - all the owners, lawyers, agents and of crse, the purchaser/s.

  5. #185
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Quote Originally Posted by Unregistered
    sure, plenty - all the owners, lawyers, agents and of crse, the purchaser/s.
    Purchaser got go meh? not run meh?

  6. #186
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Quote Originally Posted by Unregistered
    Purchaser got go meh? not run meh?
    if he didn't know abt sat mtg, how cld agent read out his letter to SPs? r u implying letter was not fr him, not genuine or something lie tat?

  7. #187
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Any further development?

  8. #188
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Quote Originally Posted by Unregistered
    Any further development?
    Finished................

  9. #189
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Cna just confirmed the deal is off

  10. #190
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Quote Originally Posted by Unregistered
    Goodbye Enbloc.

    Owners say enbloc sale of Tulip Garden has been called off

    By Ng Baoying, Channel NewsAsia | Posted: 07 April 2008 2353 hrs


    SINGAPORE: The enbloc sale of Tulip Garden, a freehold development in District 10, appears to be off.

    Tulip Garden was sold in July 2007 in a collective sale valued at S$516 million. The property is along the prime Holland Road and Farrer Road area.

    Channel NewsAsia understands that owners are now waiting to hear more details from the developer.

    Bravo Building Construction bought Tulip Garden at more than S$1,000 per square foot and the sale was scheduled to be completed by May.

    However, earlier reports stated that Bravo Building Construction was delaying the completion date and there was some talk that it was trying to arrange for alternative financing.

    Some owners of Tulip Garden have already received their share of the deposit for the sale.

    According to earlier reports, Bravo Building Construction has called off another enbloc sale - that of Makeway View in the Newton area and is also said to be delaying the completion date of the sale of Pender Court off West Coast Highway. - CNA/vm

  11. #191
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Quote Originally Posted by Unregistered
    Cna just confirmed the deal is off
    is it really confirmed? why we didnt hear anything from the news?

  12. #192
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    "Some owners of Tulip Garden have already received their share of the deposit for the sale."


    Sounds like there will be high serious consequences here, because LEE & LEE vividly told the owners that the money will only be paid to the owners after deduction off all the FEES? They don't know what needs to be deducted yet. This sentence also implies that the SALES COMMITTEE gave preference to some owners?

  13. #193
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Quote Originally Posted by Unregistered
    "Some owners of Tulip Garden have already received their share of the deposit for the sale."


    Sounds like there will be high serious consequences here, because LEE & LEE vividly told the owners that the money will only be paid to the owners after deduction off all the FEES? They don't know what needs to be deducted yet. This sentence also implies that the SALES COMMITTEE gave preference to some owners?
    u sure SC has power to do this? is it in CSA?
    more likely either CNA not getting fact rt or L&L not giving the tooth. why don't u extract the tooth and let us see?

  14. #194
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    THE END! CHAPTER CLOSED!

  15. #195
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Quote Originally Posted by Unregistered
    THE END! CHAPTER CLOSED!
    Not Closed, Tulip Gdn still for sale, any buyers? post here.

  16. #196
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Quote Originally Posted by Unregistered
    Not Closed, Tulip Gdn still for sale, any buyers? post here.
    How much now? Heard district 10 price down 30%.

  17. #197
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Quote Originally Posted by Unregistered
    How much now? Heard district 10 price down 30%.
    Quote Originally Posted by mr funny
    April 9, 2008

    Prices of high-end condos starting to fall as sales dwindle

    Downward trend may continue for next few quarters, experts predict

    By Fiona Chan, Property Reporter


    HOME prices are starting to fall, as several high-end properties begin to feel the squeeze of retreating buyers.

    Sales of Singapore's most expensive condominiums - all the rage last year - have dwindled to just a trickle this year.

    And with plunging sales, prices have also started to dip, although official figures have yet to reflect this trend.

    Early signs of the slide lie in the handful of caveats filed involving many luxury projects in the first quarter. These showed prices fell from the previous quarter, in some cases by up to 20 per cent.

    In Districts 9 to 11, Singapore's creme de la creme of residential locations covering Orchard, Holland and Bukit Timah, average prices have fallen by about 30 per cent since the beginning of the year, according to caveats.

    They dropped to an average of $1,564 per sq ft (psf) between January and March from $2,023 psf in the preceding three months.

    In luxury island enclave Sentosa Cove, almost all condos posted drops in average psf prices, ranging from 2 per cent for the Marina Collection to 23 per cent for The Azure.

    Property experts say this could be because luxury home buyers are now selecting only the most competitively priced properties.

    'Market activity is very slow now, so any transactions that do take place are likely to be from people who have found attractive buys,' said Mrs Ong Choon Fah, the executive director at property firm DTZ Debenham Tie Leung.

    She said high-end properties in the traditional prime districts were more dependent on investor buying, so they could be more affected by the current global credit crunch and weaker sentiment.

    'A lot of people who bought luxury homes are also 'specuvestors', so they may be happy making just a small profit and selling quickly,' Mrs Ong explained.

    The Government estimated last week that private home prices continued to climb in the first three months of the year, albeit at a slower pace. They rose 4.2 per cent, down from 6.8 per cent in the previous three months.

    In the priciest segment, the core central region, the price gain dropped to 4.4 per cent from 7.5 per cent in the previous quarter. This region covers Districts 9 to 11, the Marina Bay area and Sentosa.

    Anecdotal evidence from property insiders and caveats lodged, however, showed that prices at many projects fell rather than rose this year. At Scotts Square in Scotts Road, only two units have been sold so far this year - at an average price of $3,700 psf, down from $4,000 psf for 42 units in last year's fourth quarter.

    Similarly, at The Oceanfront @ Sentosa Cove, the most recent deals were in February, where three units were sold at $1,720 to $1,751 psf. Just six months before that, 15 units were sold at an average price of $2,480 psf.

    Other high-profile, pricey condos, such as the Marina Bay Residences and The Marq on Paterson Hill, have yet to see a single caveat lodged this year.

    But the story is not all bad. The Orchard Residences, which holds the title of Singapore's most expensive condo, has sold only one unit this year - but at $4,700 psf, higher than most of its other sales.

    Other older condos in areas such as Cavenagh or Balmoral may also be trading at higher prices from their previously low base, pushing up the overall prices for the whole district, suggested Mr Ku Swee Yong, director of marketing and business development at Savills Singapore.

    But he said the price index for high-end homes may be under pressure in the next two quarters, now that 'everyone wants a bargain'.

    'You only need developers to start giving discounts or people starting to buy lower-

    floor units instead of penthouses. That will push the index down and put pressure on prices.'

    [email protected]
    Yes it is 30% according to reports.

  18. #198
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Quote Originally Posted by Unregistered
    Yes it is 30% according to reports.
    What's the sample size for the stats "an average of $1,564 per sq ft (psf) between January and March from $2,023 psf in the preceding three months"?

  19. #199
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Quote Originally Posted by Unregistered
    Yes it is 30% according to reports.
    will be -50% next quater!!!

  20. #200
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Quote Originally Posted by Unregistered
    will be -50% next quater!!!
    How much u wan to offer???? gve me ur price.

  21. #201
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    If you asked, you cannot afford it.
    Go stay in rural Singapore or a HDB flat.
    Forget 9,10&11

  22. #202
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    That's right. If you are wealthy, buy a unit in Ardmore, 4-Season , Orchard Sq. etc. Pay 6 million like what MM and Capital-land Liew said is the norm for
    well heeded PR or rich Singaporean.
    Why ask for 50% discount here? You want cheap go West!!

  23. #203
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Aiya - so many people giving discount. You can't stop the flow. Did MM Lee say it's against the law? No. So let others do what they like. You have your price. They have their price. No need to act like bitter rotten grapes.

  24. #204
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    There is no bitter grape. Sour grape, yes! Residents at TG get a bite of it and keep their home. Those like you call it sour because u don't get to bite it.
    So you call the grape sour and hope that you can buy it for cheap.

  25. #205
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Quote Originally Posted by Unregistered
    There is no bitter grape. Sour grape, yes! Residents at TG get a bite of it and keep their home. Those like you call it sour because u don't get to bite it.
    So you call the grape sour and hope that you can buy it for cheap.
    Prices of high-end condos starting to fall as sales dwindle

    Downward trend may continue for next few quarters, experts predict

    By Fiona Chan, Property Reporter


    HOME prices are starting to fall, as several high-end properties begin to feel the squeeze of retreating buyers.

    Sales of Singapore's most expensive condominiums - all the rage last year - have dwindled to just a trickle this year.

    And with plunging sales, prices have also started to dip, although official figures have yet to reflect this trend.

    Early signs of the slide lie in the handful of caveats filed involving many luxury projects in the first quarter. These showed prices fell from the previous quarter, in some cases by up to 20 per cent.

    In Districts 9 to 11, Singapore's creme de la creme of residential locations covering Orchard, Holland and Bukit Timah, average prices have fallen by about 30 per cent since the beginning of the year, according to caveats.

    They dropped to an average of $1,564 per sq ft (psf) between January and March from $2,023 psf in the preceding three months..........................................................................
    Ohhhhh down 30%. Is that what I read?

  26. #206
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Quote Originally Posted by Unregistered
    There is no bitter grape. Sour grape, yes! Residents at TG get a bite of it and keep their home. Those like you call it sour because u don't get to bite it.
    So you call the grape sour and hope that you can buy it for cheap.
    Quote Originally Posted by mr funny
    Published April 8, 2008

    Home leases stagnant for 2 years, still looking soft

    Foreigners could be switching from leasing to buying property, says Savills Singapore

    By ARTHUR SIM


    (SINGAPORE) Residential leasing transactions have stagnated in the past two years after falling from a recent high of 33,874 in 2005.

    According to an analysis of Urban Redevelopment Authority data by Savills Singapore, transactions were about 15 per cent lower at 28,928 in 2006 and 28,893 in 2007, versus 2005.

    Savills Singapore director of marketing and business development Ku Swee Yong said that as leases are generally renewed on a two-year basis, the drop between 2005 and 2006 should imply a rise in 2008.

    But figures for the first two months of this year indicate that residential leasing is not likely to pick up. Indeed, Savills' analysis reveals only 3,495 transactions.

    The lowest number of quarterly transactions since the start of 2000 was 4,024 in Q1 2003, while the high of 9,917 was recorded in Q3 2005.

    Mr Ku, who reckons foreigners make up about 90 per cent of the leasing market here, said it will be important to watch the figures over the next few quarters.

    He thinks fewer financial-sector expatriates may relocate here due to the global credit crunch.

    But according to some foreign business associations, there has been no let-up in the influx of expatriates so far.

    American Chamber of Commerce executive director Dom LaVigne said: 'Due to the strong business conditions in Singapore and based on what we've heard from our members hiring more employees, we think that the number of American expats living here will continue to rise in the coming years. Two years ago, there were 14,000 Americans in Singapore. Today there are 15,000 Americans and more than 3,000 US businesses here.'

    The number of British expatriates here has also increased over the past two years, with the British Chamber of Commerce (BCC) saying about 20,000 British nationals now live in Singapore.

    BCC spokesman Roman Scott, who is also managing director of the Calamander Group, said: 'Although everyone is moaning (about rents), it's mourning the end of a particularly good deal, not complaining that the recent sharp rises are unfair.'

    BCC, which tracks the cost of housing and offices, believes the rise in rents is a function of market forces and a 'long-overdue cyclical correction from artificial lows'.

    Pointing out that rents fell sharply 10 years ago, Mr Scott said: 'Given that real wages and wealth have actually risen in those 10 years in Singapore, this means rents are still cheaper in real terms than the previous high 10 years back, and affordable compared with other global cities, particularly Hong Kong and Tokyo.'

    Rents, however, have been increasing rapidly. Based on Savills' basket of properties, rents for high-end homes increased about 30 per cent year on year in Q4 2007. Savills noted that a 2,885-sq-ft unit at Ardmore Park was recently leased for $20,000 a month or about $7 per square foot (psf) a month.

    For high-end properties, Savills says the quarterly average rent is now $6.68 psf a month.

    January saw a particularly low number of new leases, with just 1,474 transactions. District 10, the most popular district, suffered a 42.2 per cent drop to 203 transactions, compared with 351 a year earlier.

    Other districts in the top five, including districts 15, 9, 14 and 16, saw transactions fall 39.2, 50, 19.8 and 43.2 per cent respectively.

    A shrinking pool of leasing properties due to collective sales could have exacerbated the drop in numbers, especially in the prime districts. But as Savills' Mr Ku points out, demand should have spilled over into other districts, keeping the overall number of transactions up.

    He believes foreigners could be simply switching from leasing to buying property.

    'This was helped by the attractive low cost of mortgages in Singapore and also the favourable tax advantages foreigners from certain countries enjoy from owning properties in Singapore,' he said. 'We certainly saw many tenants convert from leasing to owning in 2006-2007, starting with a change in US Federal Tax on US nationals' housing benefits overseas.'

    A separate analysis of property data by Chesterton International seems to support this assertion.

    Comparing data from 1995 - during the run-up to previous property market peak - and 2007, Chesterton's head of research and consultancy Colin Tan notes that while the percentage of foreigners, including permanent residents (PRs), buying non-landed private property increased from 17.9 per cent in 1995 to 29 per cent in 2007, the percentage of acquisitions by PRs alone doubled from 6.7 per cent to 14.4 per cent.

    The relevance of this, according to Mr Tan, is that PRs tend to buy for owner-occupation while foreigners are more likely to buy for investment.

    He said: 'In recent years we have seen many purchases by Indian and Chinese nationals who are buying for owner-occupation, not investment. These people eventually become citizens. I personally know a number of them.'


    Ohhhh rents also falling. Can get cheap cheap now. No sales No leases.

  27. #207
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Lots of bitter grapes now. Even worse than sour.

  28. #208
    Unregistered Guest

    Default Re: Tulip Garden sold for $516 million

    Hope Springs Eternal.
    Poor guys, hoping to survive in a global city.
    Go West.
    This is a not a place for cheapo!

  29. #209
    imperial321 Guest

    Default Cannot be proven

    There is a lady who owns a unit in Tulip Garden, who has an influential position in a media company in Singapore. Neighbours have seen celebrities and newscasters entering and leaving her unit, and playing table tennis when she was staying here. When Tulip Garden was trying for enbloc, she was the aggressive one who had applied to STB to object to the sale.

    She has told neighbours that she is working for the Ministry of Law as she was trying to conceal the fact that she has an influential role over the media. Till today, she has been using some of the radio Djs to constantly and indirectly attack owners with sick jokes, who she felt have one way or another stepped on her toes.

Similar Threads

  1. Tulip Garden up for en bloc sale at S$753m
    By reporter2 in forum En Bloc Discussion and News
    Replies: 3
    -: 12-04-18, 23:16
  2. Tulip Garden relaunched for en bloc sale
    By sleek in forum En Bloc Discussion and News
    Replies: 211
    -: 21-07-11, 16:28
  3. It's wait-and-see for Pender Court, Tulip Garden home owners
    By mr funny in forum En Bloc Discussion and News
    Replies: 14
    -: 12-04-08, 00:00
  4. Confirmed: Tulip Garden's en bloc sale to Bravo rescinded
    By mr funny in forum En Bloc Discussion and News
    Replies: 15
    -: 09-04-08, 16:32
  5. Expression-of-interest may get Tulip Garden higher sale price
    By mr funny in forum En Bloc Discussion and News
    Replies: 0
    -: 29-05-07, 04:49

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •