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Thread: Lakepoint Condo - Enbloc Potential

  1. #91
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    actually i've grown to like the place a lot. Quiet + my unit can see all the way to Jurong Port so i really feel happy when i'm home. So i hope the en bloc doesn't happen at all at least in the distant future.

  2. #92
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    me too.

    although I don't get the same view as gazing over Orchard and Marriot the size is big and the grounds spacious.

    But enbloc is so unrealistic given empty plots of land in nearby location.
    If the "work hard for you" sales committee can find an idiot developer to pay twice as much as nearby empty land then great. Otherwise it will be along time to come.

    I personally like the space more the modest dollar gain enbloc would bring.
    Also replacement units would be smaller and more expensive.
    Enbloc hardly ever benefits the owner-occupier, only condo raiders.

  3. #93
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    LAkeshore has a 3.5 plot ratio empty residential land.

    lakeside mrt has another big plot of land behind

    Chinese garden mrt has another 2.1plot ratio land

    JE Swimcomplex has another piece of empty land

    When will lakepoint condo or park view condo be enbloc, not in another 15 years?

    Give up the dream!

  4. #94
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    Default prices

    Quote Originally Posted by EBD
    me too.

    although I don't get the same view as gazing over Orchard and Marriot the size is big and the grounds spacious.

    But enbloc is so unrealistic given empty plots of land in nearby location.
    If the "work hard for you" sales committee can find an idiot developer to pay twice as much as nearby empty land then great. Otherwise it will be along time to come.

    I personally like the space more the modest dollar gain enbloc would bring.
    Also replacement units would be smaller and more expensive.
    Enbloc hardly ever benefits the owner-occupier, only condo raiders.

    looks like prices are on the upswing again. If the recovery follows, then the committee's gonna be resurrected from the dead.

  5. #95
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    Quote Originally Posted by tericia
    looks like prices are on the upswing again. If the recovery follows, then the committee's gonna be resurrected from the dead.
    When was the date that the sales committee was formed? I think they only get a year to put something together or it's dissolved automatically.

    Anyhow, it doesn't change the fact that there is plenty of empty land around lakepoint. Developers will buy that first. Cheaper and less hassle.

    Even after that is done in say 10-20 yrs time, we should not go enbloc until the plot ratio is raised. Selling to a developer at 1.4 plot ratio would be really stupid.

  6. #96
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    Default Never say never

    Quote Originally Posted by EBD
    When was the date that the sales committee was formed? I think they only get a year to put something together or it's dissolved automatically.

    Anyhow, it doesn't change the fact that there is plenty of empty land around lakepoint. Developers will buy that first. Cheaper and less hassle.

    Even after that is done in say 10-20 yrs time, we should not go enbloc until the plot ratio is raised. Selling to a developer at 1.4 plot ratio would be really stupid.
    ok lah, don't say anymore. Wait people come and comment this comment that. Like we don't know jurong got a lot of empty land like that.

  7. #97
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    EDB: u full of nonsense. don't know anything and keep on saying.....


    Quote Originally Posted by EBD
    When was the date that the sales committee was formed? I think they only get a year to put something together or it's dissolved automatically.

    Anyhow, it doesn't change the fact that there is plenty of empty land around lakepoint. Developers will buy that first. Cheaper and less hassle.

    Even after that is done in say 10-20 yrs time, we should not go enbloc until the plot ratio is raised. Selling to a developer at 1.4 plot ratio would be really stupid.

  8. #98
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    Quote Originally Posted by tanumy
    EDB: u full of nonsense. don't know anything and keep on saying.....

    oh no, the guy from woodbridge just turned up......

    is DBR next door so you can get your medication easily?

  9. #99
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    EDB: shut ur mouth. u know nothing.


    Quote Originally Posted by EBD
    oh no, the guy from woodbridge just turned up......

    is DBR next door so you can get your medication easily?

  10. #100
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    Quote Originally Posted by tanumy
    EDB: shut ur mouth. u know nothing.
    I guess you are off the at the moment...... a little grumpy today. hahaha.

    great come back by the way, a modern masterpiece of wit and comedy.

  11. #101
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    EDB:

    U are such a irritating person. DOn't know anything beside complain.
    From now on wards u r the complain king hahahahhaa

    Quote Originally Posted by EBD
    I guess you are off the at the moment...... a little grumpy today. hahaha.

    great come back by the way, a modern masterpiece of wit and comedy.

  12. #102
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    Quote Originally Posted by tanumy
    EDB:

    U are such a irritating person. DOn't know anything beside complain.
    From now on wards u r the complain king hahahahhaa
    oh dear.... you still don't understand.

    Please find where anyone else who gets the treatment you are getting.
    You haven't worked it out, you are obviously a little slow.

    Let me make it clear. You hijack almost every thread and shout buy DBR.

    Don't worry about me, I'm in good company. You think I am the only person to spot your shameless behaviour? You have made yourself the laughing stock of this board with your own actions, we are all just pointing it out to you.

    Now keep banging your head against that wall until you knock yourself unconscious, that way you can finally contribute something positive. (think very hard about what this means, you may not get it straight away)

  13. #103
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    Default market movements

    Quote Originally Posted by EBD
    oh dear.... you still don't understand.

    Please find where anyone else who gets the treatment you are getting.
    You haven't worked it out, you are obviously a little slow.

    Let me make it clear. You hijack almost every thread and shout buy DBR.

    Don't worry about me, I'm in good company. You think I am the only person to spot your shameless behaviour? You have made yourself the laughing stock of this board with your own actions, we are all just pointing it out to you.

    Now keep banging your head against that wall until you knock yourself unconscious, that way you can finally contribute something positive. (think very hard about what this means, you may not get it straight away)
    I feel the property market will move up for a while unless the end year or early next year the real recovery (as many would call it) doesn't come about. Then there may be a possible dip. When the recovery in economic production sets in, prices would have to move up some more (MV = PQ) as current stocks get cleared. Even with the current flush of liquidity from US, prices will move up regardless of a production recovery or not, as some school of thought would say.

    I wrote about it in the "Heritage View asking 1 m for 1163sqft?" thread but seems everyone's quite set that prices are going to go down but i think so far based on my personal assessment, chances are prices will keep moving up. I remembered i was eagerly waiting for prices to collapsed but after waiting for half year since end '07, i see that it most probably won't come down anymore at least for the next 2 years. I know some may shoot me for this but these prices we are seeing now may be set to stay permanently. Whether people can afford them or not, i don't know. But if there are buyers, local or otherwise, then the developers don't really need to care if prices go up to $4000 psf.

    My view's that a buy now wouldn't be so bad regardless DBR to ZBR. I not supporting using irritation but it's ok to be enthusiastic about a project, or in tanumy's case hyper enthusiastic.

    We should all work together rather than against each other. Let's all focus on sowing productive seeds and help each other look out for possible ways to accumulate more wealth.

    My best regards to both of you.

  14. #104
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    Hey Tercia, always nice to see your point of view.

    I recently bought a replacement unit , FH 4 bedroom, down in River Valley. I managed to grab it just as asking prices began to explode. 9 Years old. Don't know if it's the smartest or dumbest thing I have ever. I guess time will tell.

    I still see this bubble popping, but not until interest rates go up.
    The real rise is coming form developers pushing the price. Banks are willing to match those valuation - hence its "affordable" to buyers.
    Secondary market requires cash for the difference between bank valuation and asking price. There's alot more that can be negotiated downwards & not many will have the extra cash. This is the only place bargains can be had right now IMHO, & only then if you latch onto a weak holder.

    I wonder how many of those buying form developers have really thought about what happens 5 years from now with interest rate.

    Until then I will continue to enjoy the rise in equity markets. I personally dont worry about "missing the boat" on property as stocks and securities seem to be rising even faster. I'm sure in a couple of years even if things don't turn out as expect in the local property scene, I'll still be relatively ahead.
    Just need to keep watching all fronts and not be afraid to change our minds when reality changes.


    As for LP, we still intend to keep Lakepoint. It's kind of grown on me. It's really hard to get anywhere with this kind of feeling of space anymore.

    Sorry but the other guy was just getting out of hand. His first 35 posts was all on DBR no matter the thread. Just an annoying agent. Plenty others also annoyed with her too.

  15. #105
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    Default so far i can only dream

    Quote Originally Posted by EBD
    Hey Tercia, always nice to see your point of view.

    I recently bought a replacement unit , FH 4 bedroom, down in River Valley. I managed to grab it just as asking prices began to explode. 9 Years old. Don't know if it's the smartest or dumbest thing I have ever. I guess time will tell.

    I still see this bubble popping, but not until interest rates go up.
    The real rise is coming form developers pushing the price. Banks are willing to match those valuation - hence its "affordable" to buyers.
    Secondary market requires cash for the difference between bank valuation and asking price. There's alot more that can be negotiated downwards & not many will have the extra cash. This is the only place bargains can be had right now IMHO, & only then if you latch onto a weak holder.

    I wonder how many of those buying form developers have really thought about what happens 5 years from now with interest rate.

    Until then I will continue to enjoy the rise in equity markets. I personally dont worry about "missing the boat" on property as stocks and securities seem to be rising even faster. I'm sure in a couple of years even if things don't turn out as expect in the local property scene, I'll still be relatively ahead.
    Just need to keep watching all fronts and not be afraid to change our minds when reality changes.


    As for LP, we still intend to keep Lakepoint. It's kind of grown on me. It's really hard to get anywhere with this kind of feeling of space anymore.

    Sorry but the other guy was just getting out of hand. His first 35 posts was all on DBR no matter the thread. Just an annoying agent. Plenty others also annoyed with her too.
    I have confess humbly that i wish i would be able to say that i bought a district 9 property like you one day. After that i wish i would be able to say i bought a district 9 4 bedroom property (then after that say i bought a FH).

    So far due to lack of current funds, i most probably going to miss the boat. I understand your point about not worrying too much about missing the boat, yet the point about prices going up (stocks, securities, property) really worries me. Even if property rises the average 6% every year, as the quantum gets bigger and bigger, the absolute amount for 6% jump also moves up faster and faster.

    Unless there's a catastrophe now, pay wise, savings wise, i don't think i'll be able to move anywhere closer than district 5 (which is where i came from). Even then, it's possible i may have to sell first then buy so that i've funds. Sigh...

    For those who write in the other threads that they are waiting for prices to drop, i really have a bad feeling about this. Maybe they are also enthusiastic about certain projects like Tanumy so the only thing they can do is write (haha like me), not buy.

    Read the saturday's papers and saw an owner selling his 2217 unit for $500/psf. Though good news for sellers, bad news to buyers like me for now.

    Hope things really turn to favour people like me in the next 5 years.

  16. #106
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    Owners can ASK for whatever they want.
    Latest transaction in Aug 09 is 361psf.

    There was one owner asking 50% more psf than I paid & totally out of line with current transactions. Guess he can tan ku ku.



    Quote Originally Posted by tericia
    I have confess humbly that i wish i would be able to say that i bought a district 9 property like you one day. After that i wish i would be able to say i bought a district 9 4 bedroom property (then after that say i bought a FH).

    So far due to lack of current funds, i most probably going to miss the boat. I understand your point about not worrying too much about missing the boat, yet the point about prices going up (stocks, securities, property) really worries me. Even if property rises the average 6% every year, as the quantum gets bigger and bigger, the absolute amount for 6% jump also moves up faster and faster.

    Unless there's a catastrophe now, pay wise, savings wise, i don't think i'll be able to move anywhere closer than district 5 (which is where i came from). Even then, it's possible i may have to sell first then buy so that i've funds. Sigh...

    For those who write in the other threads that they are waiting for prices to drop, i really have a bad feeling about this. Maybe they are also enthusiastic about certain projects like Tanumy so the only thing they can do is write (haha like me), not buy.

    Read the saturday's papers and saw an owner selling his 2217 unit for $500/psf. Though good news for sellers, bad news to buyers like me for now.

    Hope things really turn to favour people like me in the next 5 years.

  17. #107
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    Default just a thought

    Quote Originally Posted by EBD
    Owners can ASK for whatever they want.
    Latest transaction in Aug 09 is 361psf.

    There was one owner asking 50% more psf than I paid & totally out of line with current transactions. Guess he can tan ku ku.
    Hi EBD, just wanna ask when someone comes along and buy enbloc, what exactly he is paying for? I'm just thinking let's assuming i'm a upcoming investor looking at a low density project in district 9, 10 and 11 (say 40 - 100 units). What's to stop me from buying up 1 unit at a time then becoming either the owner of the whole project or the majority owner and controlling the whole estate and doing what i want with it: re - develop, pay to top up the lease etc or sell it wholesale at a good time and i get to say what price i want.

    By the time the owners know about me, i would have avoided needing to pay the enbloc price but i get to decide cuz i'm now own more than let say 50% of the project.

    Just curious.

  18. #108
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    No so simple lah.. neighbours know each other.. when one by one starts to sell, they will exchange notes on the buyers. And you think agents are your friends when you want to execute your secret mission? Wishful thinking lah.

    Quote Originally Posted by tericia
    Hi EBD, just wanna ask when someone comes along and buy enbloc, what exactly he is paying for? I'm just thinking let's assuming i'm a upcoming investor looking at a low density project in district 9, 10 and 11 (say 40 - 100 units). What's to stop me from buying up 1 unit at a time then becoming either the owner of the whole project or the majority owner and controlling the whole estate and doing what i want with it: re - develop, pay to top up the lease etc or sell it wholesale at a good time and i get to say what price i want.

    By the time the owners know about me, i would have avoided needing to pay the enbloc price but i get to decide cuz i'm now own more than let say 50% of the project.

    Just curious.

  19. #109
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    Quote Originally Posted by SL
    No so simple lah.. neighbours know each other.. when one by one starts to sell, they will exchange notes on the buyers. And you think agents are your friends when you want to execute your secret mission? Wishful thinking lah.
    Huh? So far in my whole life of buying and selling no neighbour ever asked who is my buyer, also if buy and sell through agent, many times buyer and seller never meet at all.

  20. #110
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    So you and tericia have just found a method to buy the entire block of condo without paying the high price of enbloc, congrats! Try it on Pacific Mansion..

    Quote Originally Posted by xebay11
    Huh? So far in my whole life of buying and selling no neighbour ever asked who is my buyer, also if buy and sell through agent, many times buyer and seller never meet at all.

  21. #111
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    Quote Originally Posted by SL
    So you and tericia have just found a method to buy the entire block of condo without paying the high price of enbloc, congrats! Try it on Pacific Mansion..
    it happened before ...

    father mother brother1 2 3 sister 1 2 uncle 1 2 3 auntie 1 2 3
    then they enbloc themselves ..

    i am not kidding ..happened a few years back ...

    it will work if its a small project ..

    Pacific mansion so many units .,.. tough .. unless you recruit the help of the china birds to mess up the place until owner want to sell ...

  22. #112
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    Default pacific mansion

    Quote Originally Posted by SL
    So you and tericia have just found a method to buy the entire block of condo without paying the high price of enbloc, congrats! Try it on Pacific Mansion..
    I think i'm missing something here but what's this obsession you guys have with pacific mansion?

    Anyway, proud owner is right. There is a project my WHOLE family are looking into but not so prime lah.

  23. #113
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    Oops.. think I might have sounded sarcastic. Dont mean to be that way. The mentioning of Pacific Mansion was just a point of reference, can also be Dragon Mansion.

    Quote Originally Posted by tericia
    I think i'm missing something here but what's this obsession you guys have with pacific mansion?

    Anyway, proud owner is right. There is a project my WHOLE family are looking into but not so prime lah.

  24. #114
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    Quote Originally Posted by tericia
    I think i'm missing something here but what's this obsession you guys have with pacific mansion?

    Anyway, proud owner is right. There is a project my WHOLE family are looking into but not so prime lah.
    Very risky plan. Prices will rise as transactions goes up.
    If you are in a small project only need a few die hards and you can never get to 80%.

    My old place I started getting calls from agents offering me 30% over market value for my unit. I talked to owners in the lifts etc... on if they were seeing similar things. At that point everyone knew we were enbloc target. No one sold anymore.


    Anyhow, for me there is always the question of conscience. I know it's willing seller willing buyer for those in the 80% but eventually you are forcing people out of their homes against their will. Legal yes unfortunately, but is it good for karma?


    btw, my new place I was told by agent is enbloc target. I hope he is joking , it's not even 10 years old and market is too early in cycle I think.
    If this is what Singapore has become maybe it's time to ship out - then I can join in the fun of enbloc speculation ,forcing people out of their neighbourhoods without the fear of losing my own place due to the same activity.

  25. #115
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    Quote Originally Posted by EBD
    Very risky plan. Prices will rise as transactions goes up.
    If you are in a small project only need a few die hards and you can never get to 80%.

    My old place I started getting calls from agents offering me 30% over market value for my unit. I talked to owners in the lifts etc... on if they were seeing similar things. At that point everyone knew we were enbloc target. No one sold anymore.


    Anyhow, for me there is always the question of conscience. I know it's willing seller willing buyer for those in the 80% but eventually you are forcing people out of their homes against their will. Legal yes unfortunately, but is it good for karma?


    btw, my new place I was told by agent is enbloc target. I hope he is joking , it's not even 10 years old and market is too early in cycle I think.
    If this is what Singapore has become maybe it's time to ship out - then I can join in the fun of enbloc speculation ,forcing people out of their neighbourhoods without the fear of losing my own place due to the same activity.
    i know what you mean. Eventual dream is to be a developer rather than just a seller & buyer. If want to dream why not go all the way.

    probably there is a easier method than being the majority of a project to start. If there is i hope i see it too, in my life time.

    I like to think i'm a good guy but when it comes to money and security, i can't say i'll put my neighbours interest above mine and most importantly my family.

    The divide between rich and poor, outstanding foreign students and local students get bigger by the day. Our generation can practice kindness and sympathy but i'm not so sure if the next generation has this luxury.

    I understand your point on not forcing anyone out. I pray that i don't do that to anyone. I just ask that i can do more with what i've been given.

  26. #116
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    any update from our enbloc sales committee?

    Understand we are over 12 months now since it formed.
    I heard nothing of 80% achieved , in fact I heard nothing from them since they formed at the bad tempered AGM 2008

    So they are officially over & done with.

    Still see a lot of jokers advertising the place as enbloc potential.

    Hope potential buyers find this thread and reality first.....

    maybe in 20 years time......

  27. #117
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    Default nothing so far

    Quote Originally Posted by EBD
    any update from our enbloc sales committee?

    Understand we are over 12 months now since it formed.
    I heard nothing of 80% achieved , in fact I heard nothing from them since they formed at the bad tempered AGM 2008

    So they are officially over & done with.

    Still see a lot of jokers advertising the place as enbloc potential.

    Hope potential buyers find this thread and reality first.....

    maybe in 20 years time......
    nothing so far. I'm sure we would hear anything if they managed to do anything exciting. These people are fanatics.

  28. #118
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    Quote Originally Posted by tericia
    nothing so far. I'm sure we would hear anything if they managed to do anything exciting. These people are fanatics.
    Not sure about that, a fanatic would have done something by now.

  29. #119
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    Quote Originally Posted by EBD
    Not sure about that, a fanatic would have done something by now.
    haha, yeah. You have a good point there. I don't think anyone would buy us before checking out the empty plot beside Caspian + Caspian was cheap so no one's gonna pay the price these fanatics want.

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    En bloc no more.....hahahah......................

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