The Tropica (Next to Temasek Poly)

[East Lover]

Nov 23, 2010

6 bids for Tampines EC site



A HOUSING Board site for executive condominium housing on Tampines Avenue 8 attracted six bids when the tender exercise closed on Tuesday.
Hoi Hup Realty, Sunway Developments and SC Wong Holdings jointly submitted the top bid of $187.6 million for the 20,600 sq m site, with a maximum gross floor area of 57,680 sqm.
This works out to $3,252 psm/GFA.
The 99-year leasehold land parcel can yield about 525 EC flats.
The next highest bid of $172.8 million came from Opal Star Pte Ltd and Lum Chang Building Contractors, followed by the $161.5 million bid from Grand Isle Holdings.
The HDB will announce the final tender award in the next two weeks.

[devilplate]

EC at 1kpsf.... I will sell all my ocr ppty

[McKinnon]

me too, at 1.3k psf.

EC at 1kpsf.... I will sell all my ocr ppty

[amk]

EC at 1kpsf.... I will sell all my ocr ppty

new or resale ? the one at bishan may reach that soon u know....

[acidic.straw]

Nov 23, 2010

6 bids for Tampines EC site



A HOUSING Board site for executive condominium housing on Tampines Avenue 8 attracted six bids when the tender exercise closed on Tuesday.
Hoi Hup Realty, Sunway Developments and SC Wong Holdings jointly submitted the top bid of $187.6 million for the 20,600 sq m site, with a maximum gross floor area of 57,680 sqm.
This works out to $3,252 psm/GFA.
The 99-year leasehold land parcel can yield about 525 EC flats.
The next highest bid of $172.8 million came from Opal Star Pte Ltd and Lum Chang Building Contractors, followed by the $161.5 million bid from Grand Isle Holdings.
The HDB will announce the final tender award in the next two weeks.

Posted: 25 November 2010 2253 hrs

SINGAPORE : The Housing & Development Board (HDB) has awarded the tender for the land parcel at Tampines Avenue 8 to joint bidders Hoi Hup Realty, Sunway Developments and SC Wong Holdings.

They submitted the highest tender for the site at S$187.6 million out of a total of 6 bids received.

That translates to about S$302 per square foot per plot ratio.

The land parcel has a site area of more than 20,000 square metres and a maximum gross floor area of over 57,000 square metres.

It has been earmarked for executive condominium housing.

The site was launched for public tender on October 6 and has a lease period of 99 years.

- CNA /ls

[devilplate]

new or resale ? the one at bishan may reach that soon u know....

cannot use tat bishan lor....bishan loft oredi hit ard 900psf liao wor

i refering to other new EC launches...

[acidic.straw]

EC at 1kpsf.... I will sell all my ocr ppty

haha...i doubt the garmen will allow EC to get that high...esp with elections round the corner

[East Lover]

Hi have you sign up the free installation from openNet?

Is $95.90/mth reasonable for the high speed fibre broadband package?

[acidic.straw]

Hi have you sign up the free installation from openNet?

Is $95.90/mth reasonable for the high speed fibre broadband package?

$95.90/mth is very expensive, in my view. The Retail Service Provider (RSP) ie the company that sells the services to the consumers pays only $21 to the Operating Company (Opco) ie the company that provides the electronics to run the services.

The entire fibre infrastructure will be completed by 2012. By the time, there will be enough consumers and RSPs to provide more services and healthy competition to drive prices down. I would wait and see how things turn out before committing.

[East Lover]

$95.90/mth is very expensive, in my view. The Retail Service Provider (RSP) ie the company that sells the services to the consumers pays only $21 to the Operating Company (Opco) ie the company that provides the electronics to run the services.

The entire fibre infrastructure will be completed by 2012. By the time, there will be enough consumers and RSPs to provide more services and healthy competition to drive prices down. I would wait and see how things turn out before committing.

Thanks thanks. SingTel will do a roadshow on this Friday at Tropica. Luckily asked you, otherwise Gong Gong sign up and tigh for 2 years

[East Lover]

Anyone going to attend AGM next wednesday?

[East Lover]

Anyone going to attend AGM next wednesday?

Did anyone see the chairman from resident committee? he visited our floor last night, to persuade us to attend AGM. According to him, mgmt wants to increase our maintenance fee $9.00 each share. He urged us to vote "NO".

So dear Tropican, please attend AGM on next wed 7:30, and vote for your right

[okko]

Did anyone see the chairman from resident committee? he visited our floor last night, to persuade us to attend AGM. According to him, mgmt wants to increase our maintenance fee $9.00 each share. He urged us to vote "NO".

So dear Tropican, please attend AGM on next wed 7:30, and vote for your right

Thanks for the info, East Lover. From $11 to $20, almost 50% increase, . Unreasonable Indeed! How many number of vote each unit entitled to? One I suppose?

[Kengar]

Thanks for the info, East Lover. From $11 to $20, almost 50% increase, . Unreasonable Indeed! How many number of vote each unit entitled to? One I suppose?

What happens if the "No" votes win, does it mean you get to continue at $11?

How many times have they succeeded increasing the amount in the past so far?

[East Lover]

Thanks for the info, East Lover. From $11 to $20, almost 50% increase, . Unreasonable Indeed! How many number of vote each unit entitled to? One I suppose?

depends on the size/unit type. for 3 bedder it's 3 share and 4 bedder is 4 i guess???

[East Lover]

What happens if the "No" votes win, does it mean you get to continue at $11?

How many times have they succeeded increasing the amount in the past so far?

that's what we want - we want to keep $11 (forever? ). they just changed mgmt, i have no idea they ever win before

[East Lover]

Dear Tropican, please rememeber to attend AGM today!

Date: 12-Jan-2011
Time: 7:30PM
Venue: Club House

[East Lover]

One high floor 4 bedder at blk 61 is asking sky high price now, after gov cooling measurement came out last night

Most of ppl have to pay 40% down payment instead of 20% now. So if he is asking 1.25mil, that means you have to pay 0.5mil first!

so the new policy will beneafit ppl who has cleared their existing loan. anyone interested to jump in?

[cashrich]

One high floor 4 bedder at blk 61 is asking sky high price now, after gov cooling measurement came out last night

Most of ppl have to pay 40% down payment instead of 20% now. So if he is asking 1.25mil, that means you have to pay 0.5mil first!

so the new policy will beneafit ppl who has cleared their existing loan. anyone interested to jump in?

Up to him to price. Up to buyer to accept.

SSD actually raises the exit price by at least 16%, so viewing it from the reverse angle, it raises the current price by at least 16% as the COMPETITIVE EDGE over 14 Jan 2011 buyers.

They could negotiate between 0% to 16%+1% (agent Com) + 3% (Stamp), total about 20%. To close the deal and a fair one should be a 10% price increase if owners has holding power.

Speculators and flippers dying to get out, negotiate to buy at -20% to 0% and a fair one would be -10%.

[hycondo]

anyone has information of the latest sale and rent transaction price of the Tropca ?

[East Lover]

anyone has information of the latest sale and rent transaction price of the Tropca ?

Unit PSF SQFT TTL Transaction Date
61 #15-03 $737 1313 $968k 01 Feb 11
65 #07-02 $747 1238 $925k 25 Jan 11
51 #06-01 $753 1195 $900k 03 Dec 10
53 #08-01 $687 1238 $850k 26 Nov 10
65 #02-01 $693 1227 $850k 29 Oct 10
61 #11-05 $754 990 $747k 29 Oct 10
55 #06-02 $695 1496 $1040k 18 Oct 10
63 #01-05 $573 1744 $1000k 15 Oct 10
51 #10-03 $727 1238 $900k 01 Oct 10

want to invest in Tropica?

[SRM]

Wow!! Few blocks hit $750 psf already.

Excellent place for own stay or investment.

Unit PSF SQFT TTL Transaction Date
61 #15-03 $737 1313 $968k 01 Feb 11
65 #07-02 $747 1238 $925k 25 Jan 11
51 #06-01 $753 1195 $900k 03 Dec 10
53 #08-01 $687 1238 $850k 26 Nov 10
65 #02-01 $693 1227 $850k 29 Oct 10
61 #11-05 $754 990 $747k 29 Oct 10
55 #06-02 $695 1496 $1040k 18 Oct 10
63 #01-05 $573 1744 $1000k 15 Oct 10
51 #10-03 $727 1238 $900k 01 Oct 10

want to invest in Tropica?

[East Lover]

Wow!! Few blocks hit $750 psf already.

Excellent place for own stay or investment.

got agent called up last night, said have ready buyers, easily between 1.15 to 1.2mil... don't know how true

[East Lover]

Wow!! Few blocks hit $750 psf already.

Excellent place for own stay or investment.

got agent called up last night, said have ready buyers, easily between 1.15 to 1.2mil... don't know how true

[McKinnon]

now nobody wants to sell, so agents gotta promise high price to get stocks to sell. that being said 1.2mio for ur unit is worth considering

got agent called up last night, said have ready buyers, easily between 1.15 to 1.2mil... don't know how true

[McKinnon]

as usual, our blk 51 is leading the charge.

Wow!! Few blocks hit $750 psf already.

Excellent place for own stay or investment.

[SRM]

yes buddy!! I also got a few friends asking me if anyone selling in our block.

as usual, our blk 51 is leading the charge.

[McKinnon]

ya, my fren now regret he din buy 10-03 at 900k right after 1st cooling measures announced.. now 06-01 smaller and transacted 920k liao.

yes buddy!! I also got a few friends asking me if anyone selling in our block.

[SRM]

In the following months, chances are that prices will be pushed up further after the exec condo is also launched beside the petrol pump.

ya, my fren now regret he din buy 10-03 at 900k right after 1st cooling measures announced.. now 06-01 smaller and transacted 920k liao.

[desquire]

as usual, our blk 51 is leading the charge.

I was wondering why is it not 61 and 57 being the hotter and more favourable stacks instead of 51. Any reasons? I thot those reservoir facing always more in demand? No?