The fund manager also take blank cheque to show interest and get priority viewing.
The fund manager also take blank cheque to show interest and get priority viewing.
"Private equity property group MGPA is understood to have sold its stake in the 162 apartments it bought at The Cascadia in 2007 to a fund managed by Keppel Land's Alpha Investment Partners.
BT understands the latest sale priced the freehold apartments on Bukit Timah Road at about $1,280- 1,300 per square foot on average. This is about 10-12 per cent below the $1,450 psf average price or $280.36 million that MGPA paid for the units more than three years ago."
16xxpsf is healthy profits for them.
They should sell higher than S$1,6xx psf.Originally Posted by bargain hunter
so how much is keppel land looking to resell those units?
kane, earlier Cool posted:
Originally Posted by Cool
anyone knows how was the take up rate?
The biggest absolute-dollar quantum subsale loss last year was about $1.3 million for a unit at The Cascadia in Bukit Timah. It was bought in Q4 2007 for about $7.3 million and sold in May last year for $6 million.
Anyone know if the fund people sold / selling their 100+ units at higher price or fire sale?
they are selling at 1600 rite? not sure how many pple bought though?
Originally Posted by mygeemeel
Today I kepo to see several units there. 1216 sqft 3+1 asking 2.225. High floor facing bukit timah hill. But see very urgly roof of Nissan motor!
Just read 90% sold. If true, this project has finally done well with decent profits for thos who bought in 2010/2011.
the advertisement for the 90% sold is by the fund who bought from allgreen and currently selling FROM 1600psf. it is not developer sales.
Originally Posted by ekl2ekl2
I believe the 90% includes the units bought by the fund manager which they are now trying very very hard to dispose...priced too high has this problem..
Wow can see that in 2007 ppls posted the launch sales was from $1200-1300/psf on avarage till then till now in 2012 almost 5 years and the price climb too slow to $1600/psf on avarage jus $300/psf increase over 5 years? Was it bcos the launch price was way too high?
Since this one is new, big and near future MRT and cheaper than Floridan. How come still not sold out yet?
I was feedback by a lot ppls that the block of how they are facing at each others is the reason that turn away buyers. Maybe you go down to actual site and take a look of how the block is layout with the balconies facing, u will know why.
Originally Posted by ekl2ekl2
Maybe flooding issue which is a problem for the whole stretch of condos?Originally Posted by Noexit
Just seen the photos and also of Floridian.
Some blocks at Floridian look very close to each other also, but prices are much higher.
Originally Posted by hl124273
good buy. the fund manager will regret next month.
wah...are u trying to create a buzz or something? You come here to say next month will have a big thing and you go another district to say the same...I wonder if you are in the feng sui industry to be able to gaze the crystal ball...if not, it just trying to hype up...Originally Posted by blackjack21trader
finally ... a new record psf for Cascadia
2012-12-10 #XX-XX 581 1,892psf 2010-06-14 1,562 191,730 910 8
Ride at your own risk !!!
MM or 1br is the new king
$2,103 PSF IN JAN 2013 FOR A 570-SQFT UNIT
Ride at your own risk !!!
I think the marketing team and alpha fund are good. They can sell good prices. Moreover the MRT station is coming up... a plus point for agents to use when selling to new buyers.Originally Posted by phantom_opera
Are you vested?
for now lah..Originally Posted by phantom_opera
who knows what will happen in near future?
I took the road less traveled by, and that has made all the difference.” - Robert Frost quotes (American poet, 1874-1963)