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STI 3,000 boosted by pivot investors mkt players
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famouspinky
Supreme |
21-Oct-2017 20:52
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Look at our Sgx, number of delist and privatisation and of cos big retrenchment going on
Gonna be an empty shell very soon.
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famouspinky
Supreme |
21-Oct-2017 20:50
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Aft QE for near 10y, prices only corrected a mere 10%. So resilence? I dont belief wil be resilence without QE. One and only QE historically done by legend Obama seconded and grounded by Trump.
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famouspinky
Supreme |
21-Oct-2017 20:06
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When sti goes into bear teritory, enblocs speculations will all vanished. Sell highest now or wait to sell low and lower?
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famouspinky
Supreme |
21-Oct-2017 16:24
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Enbloc must be successful 1st but i doubt all enblocs will.
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Goldfinger
Supreme |
21-Oct-2017 12:16
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Are we expecting a wall of enbloc money to be channeled to the SGX stock market? Frankly I think so. | ||||
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teeth53
Supreme |
21-Oct-2017 08:29
Yells: "don't learn through life, learn to grow with life " |
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Florence Regency Enbloc sales is the 12th for for Ex-HUDC. Since 2005.
Florence Regency has closed on en-bloc sale under private treaty after Chinese developer Logan Property (S'pore) agreed to match the independent valuation of S$629 mil for the property at Hougang Ave 2. Each owner will get between S$1.84 million and S$1.89 million. Owners of the 336-unit estate had earlier received a bid that exceeded the reserve price of S$600 million, and two that did't match. None met the S$629 mil valuation by independent valuer Colliers Int'l. Tender closed on Sept 27 with the three bidders refusing to match the valuation. The collective sale agreement required sale price no lower than the valuation. It prompted JLL to court other developers to close the deal under private treaty within 10-wks of the close of the public tender. The 386,236 psf site is zoned residential with a gross plot ratio of 2.8. The land price works out to $842 psf per plot ratio after factoring in estimated differential premiums of $288.6 mil to top up the lease to a fresh 99 yrs and to develop the site to the gross plot ratio of 2.8. It is 2nd site snapped up by HK-listed Logan Property, which in May made history after it and fellow Chinese developer Nanshan Grp put in top bid of $1.003 bil for the 21,109 sq m site in Stirling Rd. That was the first time that a purely residential site in the Govt Land Sales programme had crossed the billion-dollar mark. More ex-HUDC estates is trying to en bloc sales. Ivory Heights is on the market, while Braddell View, Pine Grove, Laguna Park n Chancery Court have started the process. |
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teeth53
Supreme |
17-Oct-2017 21:17
Yells: "don't learn through life, learn to grow with life " |
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Changi Gdn, a freehold property has been bought for S$248.8 mil by mainboard-listed Chip Eng Seng. The price, translates into S$888 per sq ft is 27% above the asking price of S$196 mil. Each apartment owner will receive between S$2.14 mil and S$2.27 mil, while penthouse owner will receive between S$4.03 mil and S$4.74 mil, said marketing agent Edmund Tie & Co (Oct 17). Shop owners are expected to receive S$4.7mil to S$7.08mil. Located@junction of Upper Changi Rd North and Jalan Mariam, the property sits on about 200,093 sq ft of land. According to URA?s Master Plan 2014, it is zoned residential at a plot ratio of 1.4. The development, which was built sometime between the late 1970s and early 1980s, currently comprises 60 apts, 12 penthouses and 12 shops. Read more at http://www.channelnewsasia.com/news/business/changi-garden-sold-for-s-248-8m-in-en-bloc-9317450 | ||||
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destinykraze
Elite |
13-Oct-2017 11:19
Yells: "Reality is only a matter of perception" |
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More good years ahead!!! | ||||
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teeth53
Supreme |
13-Oct-2017 08:43
Yells: "don't learn through life, learn to grow with life " |
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Hahaha.... collective sale fever rages on ahain.
Tet another estate ready to chance upon, freehold Royalville condo in Bt Timah hit the mkt yesterday. Cashew Heights condo in Upper Bt Timah Road, whose owners formed a sales committee, albeit on their third try. The 999-year leasehold development, which has 596 apts and 3-shops on a sprawling 953,000 sq ft site, garnered close to 62% votes in support of the forming a committee on Oct 7. It will hold an EGM next mth to select a marketing agent and lawyer. Built in 1990, the condo is near to Cashew MRT stn, Bt Panjang Pri Sch, Bt Panjang Plaza and Junction 10 malls. "Built-up plot ratio is estimated 1.16, but allowed plot ratio is 2.1. Potentially for maximisation of land usage for developer." While in district 10's Royalville in Bt Timah Rd was launched, an asking price of $368 mil, reflecting a land rate $1,509/sq ft per plot ratio. No development charge is payable. Tender closes on Nov 10. Built in the 1980s, Royalville has 93 units and 11 shops. It freehold site is 174,176 sq ft, has a gross plot ratio of 1.4 so it can accommodate a project of up to 323 units. Sale at Bt Timah site is not on for the last 10 years." Its attributes to good location, freehold tenure and proximity to Sixth Avenue MRT station. Noted - More larger deals concluded this year compared with previous cycles, with the average transaction size hitting $365 mil. The highest since process began in 1994, exception one deal done in 2015, is Thong Sia Building - at $380 mil. There have been 16 collective sale deals done this yr, with total transaction value nearing $5.8 bil as compares with 78 deals valued at $7.8 bil in 2006 and 88 deals at $11.5 bil in 2007. Mr Alan Cheong, senior director of research and consultancy at Savills, said: "Hundreds of owners becoming instant millionaires each mth, thanks to collective sales. With interest rates rising, many may downgrade to HDB to get homes, size they are used to. Resale HDB prices may soon well start to move up.
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famouspinky
Supreme |
10-Oct-2017 09:24
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Moreover its aft gfc. Temesick baby with 70% hldg went dead. These jokers just good at sittg tightly with their 200k/ mth pay.
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famouspinky
Supreme |
09-Oct-2017 20:28
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This amt made us smarter.
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Goldfinger
Supreme |
09-Oct-2017 20:25
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IMHO - STI 3400 end 2017, and maybe all time high above 3800 end next year?? DYODD and don't bet with money you cannot afford to lose bah. I lost like $500k in one week during the GFC. Silly me.
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famouspinky
Supreme |
09-Oct-2017 20:18
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Is the direction to dj 30k and sti 4k? Oooh
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Goldfinger
Supreme |
09-Oct-2017 20:16
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Frankly at times like this, I don't have the courage to sell. Many positive factors all around - will launch tidal wave of retail money soon maybe. | ||||
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famouspinky
Supreme |
09-Oct-2017 20:15
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Defying gravity dangerously.
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Goldfinger
Supreme |
09-Oct-2017 20:13
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Mine growing into mini mountain now, hahahah.
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famouspinky
Supreme |
09-Oct-2017 20:12
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Ooh no no. Like u, wait and wait with ur small hill maybe mine a small hump
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Goldfinger
Supreme |
09-Oct-2017 20:10
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So many technical Analysts are calling for upmoves given the breaching of Technical levels, I don't have the appetite to short against. | ||||
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Goldfinger
Supreme |
09-Oct-2017 19:58
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Maybe you wanna short big time and show us how it's done?
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famouspinky
Supreme |
09-Oct-2017 19:00
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Austerity, austetity, austerity. Wheres growth here? | ||||
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