The truth is that for lousy facing, also got people queue and issue blank cheques. That is the demand now. Don't forget, huge foreign funds are in Singapore now and are targeting good properties.
The truth is that for lousy facing, also got people queue and issue blank cheques. That is the demand now. Don't forget, huge foreign funds are in Singapore now and are targeting good properties.
If the psf is too low and the company runs into a loss, the CEO's bonus will be "clawed back" ... wouldn't that terrible?Originally Posted by dtrax
You read the following article about CapitaLand's bonus system ...
So if the projects sell too low and the EVA becomes negative, the CEO's $20.52 million bonus will be "clawed back".The Straits Times
March 25, 2009
CAPITALAND'S president and chief executive Liew Mun Leong was awarded a bonus of $20.52 million in 2007 for helping the property developer achieve a record profit of $2.76 billion that year.
'Although the sum is the highest, it is accrued...so it's put into a bank account and you are only allowed to take one-third out,' said Mr Liew.
Mr Liew's $20.52 million bonus works out to about 0.7 per cent of CapitaLand's $2.8 billion profit.
CapitaLand's bonus plan for key management is an Economic Value Added (EVA) incentive plan introduced in 2000. EVA measures the net operating profit after tax less the cost of capital employed.
Mr Liew said his EVA bonus in 2003 was negative - which meant his bonus account was clawed back.
Wouldn't that be terrible?
Developers’ chips are down, but launches go ahead
Some developers are proceeding with plans to launch their projects despite measures announced by the government on Monday to cool an overheating private housing market.
CapitaLand Residential yesterday began previewing at its office the Interlace condo to former owners of Gillman Heights from whom it bought the site for the 99-year leasehold project. Prices of units range from $850 to $1,150 per square foot, a CapitaLand spokeswoman told BT.
Likewise, GuocoLand is proceeding to preview its freehold Elliot at the East Coast project this weekend at an average price of about $950 psf. Prices of a typical three-bedroom apartment in the development will start from about $1.2 million. The low-rise condo, with a total 119 units, comprises eight blocks which will be five storeys high and a three-storey block.
City Developments is also understood to be rushing to get its showflat ready for a possible preview next weekend of its Hundred Trees condo on the former Hong Leong Gardens site in the West Coast area.
The government’s cooling measures include scrapping the interest absorption scheme (IAS) and restarting confirmed list land sales in first half 2010.
‘Knowing that the government is coming up with more land, developers who have even marginally profitable projects may want to clear the decks and launch their projects this year,’ said Knight Frank chairman Tan Tiong Cheng.
A developer said: ‘Most of us feel the impact on demand from the removal of IAS will be more psychological than real as only a minority of buyers have been opting for it in recent months in projects where we charge a price premium for the scheme.’
‘Yes, buyers may now take a longer time to make a decision but they will bite if they like the product and if it’s priced right,’ he added.
Agreeing, Mr Tan said: ‘Ultimately if the intention is to sell, they cannot fight the market impression that there must be a price adjustment.’
While removal of IAS will suck out some of the speculative demand from the market, developers remain confident of the fundamentals in the property market, and its attraction to investors in the current low-interest rate environment.
There is also consensus among analysts in stockbroking houses that the government measures will not derail the recovery in the property market. ‘(The) measures may dampen speculative sentiment but may not stop genuine private home demand if the trajectory of economic recovery continues,’ Citigroup noted in a report.
Analysts also observed yesterday that while the increase in private home prices seen in the past few months may have come to a standstill, developers are unlikely to cut prices by much either.
‘We believe that developers, buffeted by strong start-of-year sales, are unlikely to cut prices aggressively,’ noted DBS Vickers analyst Adrian Chua. ‘The key impact would be a slowdown in sales as speculative buying gets flushed out of the market.’
However, property counters such as City Developments Ltd (CDL), CapitaLand and Ho Bee were downgraded by a few analysts. As of yesterday’s market closing, CDL has lost 9.4 per cent from its closing price last week. Over the same period, Wing Tai and Allgreen have shed 9.5 per cent, Keppel Land 8.1 per cent, GuocoLand 7.4 per cent, and CapitaLand 4.1 per cent.
The Interlace comprises a total 1,040 units. For the preview that began yesterday, five blocks with 153 units were released. ‘The units comprise a selection from a full spectrum of unit types, from two-, three-, three plus study, four-bedroom apartments, townhouses and penthouses. The units range from 807 sq ft to 5,877 sq ft in size.
‘These units, located on different levels in the development, also offer various facings – towards the pool, towards the sea, and towards the greenery at HortPark,’ a CapitaLand spokeswoman said.
BT understands that the appointed agents for Interlace will begin marketing the project on Friday from a temporary showflat at the corner of Kim Seng and River Valley roads.
yes, they tried very very very very hard to keep it below 1000psf. but no matter how hard they try, the could not do it. I admire them enormously for their valiant effort. haha, my butt. capitaland is a joke. greedy and slimy joke.Originally Posted by dtrax
it is all about him, Lie mun leong. greedy person that pretends to be socially responsible. I thought he meant it when he said he would try to sell below 1000psf. I guess I was too naive.Originally Posted by jlrx
anyone read papers? got commotion at showroom, apparently police was called in, something about ex-owners not allowed in & disgruntled bcos not all units are released to them..
It is Liew Mun Leong, not only is your English and punctuation bad but looks like you need glasses too.Originally Posted by stalingrad
Publicity stunt like Hello Kitty.Originally Posted by august
I purposely spelled his name that way. Don't you get it? Lie as in not being honest, as in liar liar pants on fire?Originally Posted by xebay11
little mandarin speaker like yourself trying to correct my english. haha! try harder!
Ever heard of " " marks? Are you trying to insult Mandarin speakers on this forum? tsk tsk.Originally Posted by stalingrad
Yes, I understood it. but does everyone understand him? I think not. I understood it because I live in this country full of singlish speakers and you need to understand all kinds of gibberish to survive.
Dear all,I purposely spelled his name that way. Don't you get it? Lie as in not being honest, as in liar liar pants on fire?
little mandarin speaker like yourself trying to correct my english. haha! try harder!
Please see above quotes of our Dear Stalingrad, insulting Singapore as a place of gibberish speakers and posting patronizing remarks on Mandarin speakers without any due respect to who may be reading these public forums including any Mandarin speaking audience.
I believe this person has crossed the line and should be permanently banned from further making such seditious and insensitive posts on Singapore and the culture of its people.
oh well, i was just making factual remarks and he called me names. i have already given up on this person. apparently his remarks are directed at both locals and chinese immigrants. he thinks he's so superior and speaks/writes superb standard english. maybe the place where madoff is suits him better. i am all for the anti stalingrad campaign obviously.
Originally Posted by xebay11
From this post Starlingrad claims that he/she is local and that he/she is very proud to live in a place that has whites, notice that Stralingrad uses the words Ang Mohs, this is not expected from one who criticizes others of using poor English and speaking gibberish....then what do you call mixing hokkien words with English?....Is that not Gibberish?You are wrong. both carabelle and botannia are crawling with expats. We live in Carabelle, and both our neighbors are from UK. On our floor, we the the only locals.
When we look out from our balcony, we see tons of blondes with blue eyes sunbathing on their balconies. I don't think these are owners-occupiers. Basically, I estimate only 30% of residents in these area are locals.
most of these ang mohs work in fusionpolis and bipolis. our neighbors include one scientist, one therapist, and one special school teacher. all from UK.
You draw your own conclusion, but this Stalingrad character is self pwned.
probably a minority race local lorOriginally Posted by xebay11
what has correcting your english got to do with mandarin speaker?????? you trying to be racist?Originally Posted by stalingrad
I can only draw one conclusion, that no matter what race Stalingrad belongs to, he/she is suffering a deep down inferiority complex and hopes to transfer this inferiority complex to others by talking in condescending fashion......this person seriously needs psychiatric treatment.Originally Posted by august
what kind of english is this? Has the proficiency of english of singaporeans sunk to a new low? No wonder foreigners often laugh whenever a singaporean opens his mouth or pens something on line. It's becoming a disgrace to the good name of the country.Originally Posted by august
I support the call of many singaporeans to impose some english proficiency standard to screen potential immigrants. otherwise, the competitiveness of the signapore economy will be called into question in the future. The cohesiveness of the society will also be destroyed when so many enclaves of speakers of foreign tongues develop.
1) Shouldn't you begin your sentence with a capital W?Originally Posted by stalingrad
2) There's only english.
3) Shouldn't it be proficiency IN english?
4) Do you mean online?
Good one. An advocate of good English can't even write a proper English sentence. ROTFLMAOOriginally Posted by bargain hunter
truth is.. language proficiency and talent are all pap BS, as long as u are cheap, u are competitive and hv high productivity ~ hahahaOriginally Posted by stalingrad
come on. don't try and correct my english. You look like a fool in the eyes of so many people.Originally Posted by bargain hunter
you are definitely cheap. that is for sure.Originally Posted by august
If I wasn't helping xebay11 get back at you, I wouldn't even lower myself to your level to comment on your postings at all. Over and OUT TO YOU!
Originally Posted by stalingrad
Don't worry everybody knows who the real fool isOriginally Posted by bargain hunter
娱人愚己?你才是个大笑话。Originally Posted by stalingrad
I sense that this project's Feng Shui may not be very good.Originally Posted by august
Firstly, it gave ex-residents unhappiness, both during the en-bloc process and now when offering them a selection of units.
Secondly, it even caused people in this forum to start quarrelling ...
Perhaps it's got to do with the sharp edges in the inter-stacking blocks that "poke" at people, causing them to become irritable, which even affect people in this forum who are discussing this project.
Originally Posted by jlrx
ahhahh you may be right
anyway people , lets focus on the project ...
it is a shame that Mr Liew said one thing in the paper and in reality, its something else ...
Thirdly, before it launch, the govt had announced the new measure to cool the market.Originally Posted by jlrx
We shall see if Mr Mah is wrong again....Originally Posted by Honesty
Even with the high psf of Interlace, we heard of people still balloting for those lower floors or AYE facing units just few days after he made the announcement. MOre launches will be coming and we shall see...