Owners say enbloc sale of Tulip Garden has been called off

[Unregistered]

Montview Condo (63 Mount Sinai Drive) District 10. 115 units (Freehold)

Full condo facilities. Developer(HBO Investment P/C)
#23 1744 sq ft. $2,354,400 ($1350 psf) U/C Private Lift.


#23 3412 sq ft. $4,776,800 ($1400 psf) penthouse+balcony+roof terrace(3 storey) private lift, unblock, nice view, N-facing.

Tel: 8118-7140. (prices slightly neg.)

[Unregistered]

Montview Condo (63 Mount Sinai Drive) District 10. 115 units (Freehold)

Full condo facilities. Developer(HBO Investment P/C)
#23 1744 sq ft. $2,354,400 ($1350 psf) U/C Private Lift.


#23 3412 sq ft. $4,776,800 ($1400 psf) penthouse+balcony+roof terrace(3 storey) private lift, unblock, nice view, N-facing.

Tel: 8118-7140. (prices slightly neg.)

BRAVO !?!?!?

[Unregistered]

Montview Condo (63 Mount Sinai Drive) District 10. 115 units (Freehold)

Full condo facilities. Developer(HBO Investment P/C)
#23 1744 sq ft. $2,354,400 ($1350 psf) U/C Private Lift.


#23 3412 sq ft. $4,776,800 ($1400 psf) penthouse+balcony+roof terrace(3 storey) private lift, unblock, nice view, N-facing.

Tel: 8118-7140. (prices slightly neg.)

Were the balcony & roof terrace of gfa-exempt? Excluding them and the private lift, how much are the floor area and psf?

[Unregistered]

Montview Condo (63 Mount Sinai Drive) District 10. 115 units (Freehold)

Full condo facilities. Developer(HBO Investment P/C)
#23 1744 sq ft. $2,354,400 ($1350 psf) U/C Private Lift.


#23 3412 sq ft. $4,776,800 ($1400 psf) penthouse+balcony+roof terrace(3 storey) private lift, unblock, nice view, N-facing.

Tel: 8118-7140. (prices slightly neg.)

Ring ... Ring ...
Hello 8118-7140, can u tell what's the gfa of the units?

b4 I can decide which unit to buy, need to know the gfa lah ... just in case kena enblocked again. developer pays the land based on airspace gfa and not floor area.

[Unregistered]

any news from YTL?

[Unregistered]

any news from YTL?

WHY YTL?? U MEAN BUYER OF WESTWOOD???? OR SOMETHING LITAT.

[Unregistered]

any news from YTL?

something cooking?

[Unregistered]

from another forum..

"...

This Tan Hock Kheng is known to be very 'smelly' in the property & legal circle.
With his 'smelly' reputation, no banks will want to touch him.
He is trying very hard to hawk it to YTL. Francis Yeoh of YTL is already regretting for buying Westwood and land at Sentosa at its peak.

..."

[Unregistered]

from another forum..

"...

This Tan Hock Kheng is known to be very 'smelly' in the property & legal circle.
With his 'smelly' reputation, no banks will want to touch him.
He is trying very hard to hawk it to YTL. Francis Yeoh of YTL is already regretting for buying Westwood and land at Sentosa at its peak.

..."

TIS WRITER MUST HAVED SMELLED HIS BALLS????

[Unregistered]

from another forum..

"...

This Tan Hock Kheng is known to be very 'smelly' in the property & legal circle.
With his 'smelly' reputation, no banks will want to touch him.
He is trying very hard to hawk it to YTL. Francis Yeoh of YTL is already regretting for buying Westwood and land at Sentosa at its peak.

..."

YTL IS VERY BIG CORPORATION IN MALAYSIA U KNO??? DEVELOPMENT
IN SINGAPORE IS PEANUT TO HIM. DUN LISTEN TO HIM.

[Unregistered]

from another forum..

"...

This Tan Hock Kheng is known to be very 'smelly' in the property & legal circle.
With his 'smelly' reputation, no banks will want to touch him.
He is trying very hard to hawk it to YTL. Francis Yeoh of YTL is already regretting for buying Westwood and land at Sentosa at its peak.

..."

He pay by $$$$$$ CASH $$$$$$, no need bank loan la.

[Unregistered]

He pay by $$$$$$ CASH $$$$$$, no need bank loan la.

what's his reason for delaying payments then?

[Unregistered]

what's his reason for delaying payments then?

Shipments of $$$$$$$ not yet arrived. pls wait.

[Unregistered]

Shipments of $$$$$$$ not yet arrived. pls wait.

but fund transfer via swift can be done within seconds leh

[Unregistered]

from another forum..

"...

This Tan Hock Kheng is known to be very 'smelly' in the property & legal circle.
With his 'smelly' reputation, no banks will want to touch him.
He is trying very hard to hawk it to YTL. Francis Yeoh of YTL is already regretting for buying Westwood and land at Sentosa at its peak.

..."

Wonder these properties all completed?

Bravo, a five-year-old outfit involved in the construction and property development business, has bought some 15 sites in Singapore since September last year. The sites are predominantly residential plots purchased through collective sales and are mostly located in the eastern part of the island. Most of the sites have land areas of 30,000 to 45,000 sq ft. These include Castle Court at Changi Road, Regent Court in Serangoon and Koon Seng House in the Still Road area. The gross development value of the group's Singapore residential landbank is around $800 million. 'We will start launching residential projects from November this year,' Mrs Tan said.

First off will be an 80-unit condo on the Koon Seng House site, and a residential and small office, home office (Soho) project on the Castle Court plot.

[Unregistered]

Wonder these properties all completed?

Bravo, a five-year-old outfit involved in the construction and property development business, has bought some 15 sites in Singapore since September last year. The sites are predominantly residential plots purchased through collective sales and are mostly located in the eastern part of the island. Most of the sites have land areas of 30,000 to 45,000 sq ft. These include Castle Court at Changi Road, Regent Court in Serangoon and Koon Seng House in the Still Road area. The gross development value of the group's Singapore residential landbank is around $800 million. 'We will start launching residential projects from November this year,' Mrs Tan said.

First off will be an 80-unit condo on the Koon Seng House site, and a residential and small office, home office (Soho) project on the Castle Court plot.

Bravo, asset rich cash poor.

[Unregistered]

from another forum..

"...

This Tan Hock Kheng is known to be very 'smelly' in the property & legal circle.
With his 'smelly' reputation, no banks will want to touch him.
He is trying very hard to hawk it to YTL. Francis Yeoh of YTL is already regretting for buying Westwood and land at Sentosa at its peak.

..."

Heard YTL might not want to complete deal of Westwood?

[Unregistered]

Heard YTL might not want to complete deal of Westwood?

Wa!!!!!! sure not???? Agent involved will committ suicide u kno???
think same agent. like tat market sure to collapsed.

[Unregistered]

Wa!!!!!! sure not???? Agent involved will committ suicide u kno???
think same agent. like tat market sure to collapsed.

Sure or not!!!!!!!!! Market will panic if true. No joking please. I have a weak heart.

[Unregistered]

Sure or not!!!!!!!!! Market will panic if true. No joking please. I have a weak heart.

Someone Pls clarify....... Pls

[Unregistered]

Heard YTL might not want to complete deal of Westwood?

don't anyhow spread rumours

[Unregistered]

I think just rumours. Whic forum you got news of Westwood from?

[Unregistered]

I think just rumours. Whic forum you got news of Westwood from?

why must it necessarily be from another forum? can it also be from your competitors who lost out in their bids to be the agent for the enbloc?

[Unregistered]

It's wait-and-see for Pender Court, Tulip Garden home owners

By Joyce Teo, Property Correspondent and Ong Bi Hui


THEIR collective sale deals may be in doubt - and the huge cheques due to come their way - but some owners at Pender Court and Tulip Garden are taking a wait-and-see attitude for now.


The Pender Court sale was due to be completed in late February and Tulip Garden in late May, but Bravo has postponed the settlement dates of both sales. The firm, which works with partners on such large purchases, said it was working on a shareholders' agreement for Tulip Garden.

A man renting a Pender Court unit at $2,000 a month, and who gave his name only as William, told The Straits Times: 'For tenants, the en bloc sale is a good thing, since most owners are quite desperate to rent out their flats to help pay for their new houses. So as tenants, we have a better bargaining power.'

One owner, who declined to be named, said most Pender Court owners had already bought new homes and were waiting for the money from the sale. She also said the owners had already received a 10 per cent deposit from Bravo, which they would retain should the deal fail, so that was giving some consolation amid the uncertainty.

Bravo has paid a 5 per cent deposit of $25.8 million for Tulip Garden. It has cancelled its $162.8 million collective deal for Makeway View after finding out that it had to pay a higher-than-expected development charge.

[email protected]
[email protected]

DEar Mr Bravo,

Pender already received 10%, but Tulip only 5%. If Bravo is sincere in going ahead with Tulip deal, Bravo should pay the next 5% by 7th Apr which is already the extended date from 13th Mar. If Bravo can't even pay next 5%, how can we be sure that you can pay next 90%???

SPs incur opportunity and real cost by this waiting game. SPs who have bought replacements incur interests on loans taken, but can only rent out at low rates (if the units are to be leased out on short term basis) in view of the impending enbloc sale. The rental yield is thus very much lower than loan interest paid.

So please pay up the next 5% before we will consider your request to extend completion.

Yours sincerely,
Tulip SPs

[Unregistered]

DEar Mr Bravo,

Pender already received 10%, but Tulip only 5%. If Bravo is sincere in going ahead with Tulip deal, Bravo should pay the next 5% by 7th Apr which is already the extended date from 13th Mar. If Bravo can't even pay next 5%, how can we be sure that you can pay next 90%???

SPs incur opportunity and real cost by this waiting game. SPs who have bought replacements incur interests on loans taken, but can only rent out at low rates (if the units are to be leased out on short term basis) in view of the impending enbloc sale. The rental yield is thus very much lower than loan interest paid.

So please pay up the next 5% before we will consider your request to extend completion.


Yours sincerely,
Tulip SPs

$23M u kno? Mr Bravo say, he keep his $23M for the next round property boom. He also say, if u wan him to complete the purchase, discount 30% off the sale price, he will complete with cash. He say, if u rent low, it is your problem. So if u wan to consider extend, consider lowing down the price.
Post here ur answer......byebye

[Unregistered]

$23M u kno? Mr Bravo say, he keep his $23M for the next round property boom. He also say, if u wan him to complete the purchase, discount 30% off the sale price, he will complete with cash. He say, if u rent low, it is your problem. So if u wan to consider extend, consider lowing down the price.
Post here ur answer......byebye

Even at the price he's currently paying, I would rather not grant him the extension. I consider the 5% toto + property at Leedon Place Development (a much coveted GCB address) which is within walking distance to MRT as the better option to take.

[Unregistered]

Goodbye Enbloc.

[Unregistered]

Goodbye Enbloc.

Goodbye. Good luck.

[Unregistered]

Any predictions for April 7? What are the odds?

[Unregistered]

Any predictions for April 7? What are the odds?

The answer is crystal clear.
What else could the verdict be if all the owners, except for 2, voted against granting the extension.