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Thread: Southbank (D7, Leasehold, UOL Group)

  1. #241
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    Quote Originally Posted by Reporter
    So Southbank's hïgh should be $1,520 psf - not $1,510 psf?

    Pay by cash means no caveat lodged. So we won't see it?
    I have friends in Shanghai who said that the Chinese buy property by bringing in bags of cash. THe largest denomination of yuan is only 100. A million dollar yuan will mean many bags. They have to bring in a few more notes counting machines. Maybe property developer in Singapore will have to equip with a lot more of those machines. May be good to invest in such companies.

  2. #242
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    Quote Originally Posted by DC33_2008
    I have friends in Shanghai who said that the Chinese buy property by bringing in bags of cash. THe largest denomination of yuan is only 100. A million dollar yuan will mean many bags. They have to bring in a few more notes counting machines. Maybe property developer in Singapore will have to equip with a lot more of those machines. May be good to invest in such companies.
    When will MAS wise up to this new phenomenon of possible 'money laundering' activities? Hopefully, they have wired their money into Singapore, like the should.

  3. #243
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    i think the chinese would have exchanged their RMB into USD through 'some other methods' before coming over to sg. there's a demand for their RMB one lah

    Quote Originally Posted by urban
    When will MAS wise up to this new phenomenon of possible 'money laundering' activities? Hopefully, they have wired their money into Singapore, like the should.

  4. #244
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    Quote Originally Posted by urban
    When will MAS wise up to this new phenomenon of possible 'money laundering' activities? Hopefully, they have wired their money into Singapore, like the should.
    actually.. within singapore itself.. if you are doing the vices locally, you will get tons of cash. You use cash to buy properties.. and then sell it to get cash and pay taxes. Nobody will question you too..

    So is the china bringing in money new?

  5. #245
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    Quote Originally Posted by focus
    actually.. within singapore itself.. if you are doing the vices locally, you will get tons of cash. You use cash to buy properties.. and then sell it to get cash and pay taxes. Nobody will question you too..

    So is the china bringing in money new?
    Probably properties are bought & sold at the Layering and Integration Phase..
    http://money.howstuffworks.com/money-laundering1.htm

    Interesting stuff..keke.. donno whether it is really workable..

  6. #246
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    just go to a random casino in macau (not been to the sg one though) and you'll know in 2 seconds how it's done.

    Quote Originally Posted by focus
    Probably properties are bought & sold at the Layering and Integration Phase..
    http://money.howstuffworks.com/money-laundering1.htm

    Interesting stuff..keke.. donno whether it is really workable..

  7. #247
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    Default South Bank

    Anyone interested 38th floor selling at 1450 psf ?

  8. #248
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    Quote Originally Posted by DC33_2008
    I have friends in Shanghai who said that the Chinese buy property by bringing in bags of cash. THe largest denomination of yuan is only 100. A million dollar yuan will mean many bags. They have to bring in a few more notes counting machines. Maybe property developer in Singapore will have to equip with a lot more of those machines. May be good to invest in such companies.

    cash ???


    dont they know travellers bringing in cash more than 10k have to declare ?

    i hope they did .. and i also hope our immigration is diligent enough to check ..

    if china was duplicate everything /.. including milk powder .. i am not surprise they can also 'make' money ..

    someone mentioned before.. laundered money ..best washed in casinoes then properties .. and spore has both avenues

  9. #249
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    Default SOUTHBANK HAS JUST TOP!

    Southbank has TOP on 16 April 2010.

  10. #250
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    Default MORE CAVEATS LODGED

    #28-06 $1425 592sqft $843k 01 Apr 10
    #21-06 $1399 592sqft $828k 01 Apr 10

  11. #251
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    Quote Originally Posted by DC33_2008
    I have friends in Shanghai who said that the Chinese buy property by bringing in bags of cash. THe largest denomination of yuan is only 100. A million dollar yuan will mean many bags. They have to bring in a few more notes counting machines. Maybe property developer in Singapore will have to equip with a lot more of those machines. May be good to invest in such companies.
    Yep..many by S class with begs of cash...

  12. #252
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    Default SOUTHBANK HAS JUST TOP!





    (Source: Photo taken from an agent at propertyguru)

  13. #253
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    Any Stack 12 High Floor (Above 30th Floor) owners want to sell their unit?

  14. #254
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    Quote Originally Posted by Blue
    Any Stack 12 High Floor (Above 30th Floor) owners want to sell their unit?
    u aso agt? or u wana buy?

    now asking 1.6kpsf for super high flr leh

  15. #255
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    Quote Originally Posted by Blue
    Any Stack 12 High Floor (Above 30th Floor) owners want to sell their unit?
    You are investing beyond D15? Great!

  16. #256
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    Quote Originally Posted by DC33_2008
    You are investing beyond D15? Great!
    Provided if price still reasonable in Southbank

  17. #257
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    Quote Originally Posted by devilplate
    u aso agt? or u wana buy?

    now asking 1.6kpsf for super high flr leh
    For the Spore Flyer, Kallang Basin, IR View - it's worth it!

  18. #258
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    Quote Originally Posted by Blue
    For the Spore Flyer, Kallang Basin, IR View - it's worth it!
    Do not get too carried away with the view only. There are other things to look out for.

  19. #259
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    Default LATEST CAVEATS LODGED @ SOUTHBANK BREAK $1500PSF

    Latest Caveats:

    #22-06 $1512 592sqft $895k 07 Jul 10

    #30-12 $1515 904sqft $1370k 24 Jun 10

  20. #260
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    HUAT!!!

  21. #261
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    Waiting for Sportshub and kallang riverside to come!!!






  22. #262
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    Default SOUTHBANK BREAKS $1600 PSF

    #21-09

    $1607
    614sqft
    $986k
    09 Jul 10

  23. #263
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    Default southbank

    Missed the boat for Southbank. Now only can admire the condo from Golden Mile Cplx where i stayed. Congrates to south bank's owner.

  24. #264
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    Default SPORTSHUB READY IN LESS THAN 3.5 YEARS

    Look forward to the Sportshub view from SB by April 2014. - Fireworks, shopping, eating, etc.

    Sports Hub to open by April 2014
    By Tan Yo-Hinn | Posted: 26 August 2010 0215 hrs



    SINGAPORE: After being stalled for nearly two years due to the global financial downturn, the Sports Hub project will finally kick into gear.

    On Wednesday, the Singapore Sports Council (SSC) signed the contract with the Singapore Sports Hub Consortium to design, build, finance and operate the Sports Hub for the next 25 years on a 35-hectare site in Kallang.

    Demolition of the National Stadium, which sits on the site, will begin in October, and the new facility will open its doors by April 2014.

    The final construction cost is estimated to be $1.33 billion - which the Government will pay in annual payments.

    No financing details were available following the midnight announcement.

    "I am glad that we are ready to start construction of the Singapore Sports Hub," said Dr Vivian Balakrishnan, Minister for Community Development, Youth and Sports, in a statement.

    "It will be a fully integrated sports, leisure, entertainment and lifestyle hub for world-class events and community activities. The facilities will be accessible to the public and to top athletes to train and compete in. As part of the Greater Marina Bay masterplan, the Singapore Sports Hub will also contribute to the larger Government objective of re-positioning Singapore as a great place to work, live and play," he said.

    When completed, the Sports Hub will include a 55,000-seat National Stadium with a retractable roof, a 6,000-seat indoor aquatics arena, about 41,000 square metres of business, commercial and retail space, and a sports institute.

    Two new features of the Sports Hub are a bowl-cooling system and retractable seats for the main stadium.

    The bowl cooling system features blowing treated air from chillers through holes in the tier below each seat.

    There will also be a sports library and sports museum, as well as other amenities including a volleyball court, rock-climbing wall, hard courts, a skate park and state-of-the-art training and sports recovery facilities, among others.

    The Sports Hub will also strive to attract live entertainment events, conventions and exhibitions, while 80 corporate boxes will be available for lease during major sporting events.

    The deal between the Singapore Government and the consortium is the largest sports infrastructure public-private-partnership project in the world.

    - CNA/de

  25. #265
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    Quote Originally Posted by chuash
    Missed the boat for Southbank. Now only can admire the condo from Golden Mile Cplx where i stayed. Congrates to south bank's owner.
    i also cannot find high flr 1/2bedder firesales last yr..so ended up with CL

    nvm...got other ppty gd enuff yay

  26. #266
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    Quote Originally Posted by devilplate
    i also cannot find high flr 1/2bedder firesales last yr..so ended up with CL

    nvm...got other ppty gd enuff yay

    actually same here, i also got my CL last yr
    so should keep until Apr-2014 at least huh heeheee

  27. #267
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    Quote Originally Posted by taggy
    actually same here, i also got my CL last yr
    so should keep until Apr-2014 at least huh heeheee
    but i dun really see much value-added for the new stadium....when govt gona sell kallang riverside land!

  28. #268
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    sports will never be big in SG no matter how hard this garmen tries... better to build a sports cum garden thingy seriously

  29. #269
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    Quote Originally Posted by devilplate
    i also cannot find high flr 1/2bedder firesales last yr..so ended up with CL

    nvm...got other ppty gd enuff yay
    whats CL means?

  30. #270
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    Quote Originally Posted by Condorich
    Good location and stunning views... near to Lavender MRT and walk home from there.

    Prices were lower in 4th Quater 08 and 1st Quarter 09. Great spectacular views, those facing bay ones... If you afford it... can consider.
    http://forums.condosingapore.com/sho...9023#post69023

    said in Sept 2009.. I would say that prices have peaked there for now.. The next Peak will come when sports hub is up...

    Look at the done deals so far... a good choice in early 2009.

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