Flynn Park En Bloc Brewing Mini Wave? | How to Spot Next En Bloc? скачать в хорошем качестве

Flynn Park En Bloc Brewing Mini Wave? | How to Spot Next En Bloc?

📌Flynn Park En Bloc Brewing Mini Wave? | How to Spot Next En Bloc? ☎️ Dennis@ 98285808 for Any Queries ⏱️TIME CODES⏱️ ======= 0:00 Intro 0:19 Latest En Bloc News 0:38 How to Spot En Bloc 0:46 Tips 1: Small to Medium Sites 1:11 Tips 2: 2-3 En Bloc Attempts 2:02 Tips 3: Condo Age (40th year) 2:37 Tips 4: Price Gap (New & Old Condo) ======= On the 29th of July, Business Times reported that Flynn Park in pasir panjang tries for enbloc sale again. This is a Freehold site that TOP in 1986. On the fifth of August, Siglap shopping center is on sale again. It is a Freehold site, mix development. International Plaza, a very old commercial building also attempts en bloc. Are we seeing a new wave of enbloc in Singapore? How do you spot the next en bloc target These are my 4 observations. 📌Observation No. 1, Small to medium sites are preferred by developers. I can see from the screen. Flynn Park is a mid sized land, about 72 residential units. For Siglap Shopping Center. It is also a small site with only eight commercial units at level one and eight residential units on second and third storey. In this post Covid times, while developers are hungry for land, they also have to be concerned with rising construction costs as well as a shortage in labor. So I think small to medium sites are preferred by developers at this moment. 📌Observation No. 2, look for condos or projects that have gone through two or three collective attempts. As you can see from the screen, Siglap Shopping Center, and Flynn Park both went thru one failed attempt last time. So now they're into a second attempt. I've never been on the en bloc or collective sales team as an agent before, but I've been thru an attempt as an owner, I own an investment unit in East Point Green condo in the east side, near to Simei MRT. We had an en bloc attempt about 2 years back, but I did not bother to go down to vote because that was the first attempt and from my chitchat with other co-owners, I felt that being the first attempt, they have very high expectations of the price. So, I doubt that will go through. So, I didn't bother go and vote during that time. From my own unofficial observation & experience. I think you need at least two or three times to go through. By the second or third attempt, I think most people will have a more realistic idea of what price to fetch and that will give you a better chance to put through. 📌Observation No. 3, In Singapore, majority of private condos tend to go en bloc before their 40th birthday. Few condos remain from the 1970s. Those people who live in the West probably are familiar with this project called Pandan Valley, which TOP in 1978, or Valley Mansion, a small condo in Oxley road. These old condos have been through times and the exteriors are becoming less appealing because of old age and old school design. Also, they're troubled by maintenance issues. This is a quote from the article, Flynn Park is getting older and there are more maintenance issues. It's going to cost more to repair or to maintain the whole project 📌Observation No. 4, In Singapore, property will always go thru a high and low cycle because supply is inelastic. It takes about three to four years for the developers to finish the project. Supply is always lagging behind demand. When demand is high, and there's not enough government land sales, the developer will look for land themselves. Record bids were made for Tampines EC site, as well as the Lentor central site. The land cost for the Tampines EC is about $603 per square foot. The estimated selling price is about $1,250 per square foot. These are estimates. For the Lentor central land bid, estimated selling price is about $2,000 per square foot. When there are record bids for these lands, you will attract the developers to search for lands around this area and attempt en bloc for those old resale condos. Because as the price between the new condos and the old condos widened. That means there's a margin for profit. Another observation is that there seems to be more interest in mix development site. This is a quote from an article, Lentor site winning bid is 30% higher than Tanah Merah kechil link site, a mix development site beside Tanah Merah MRT. This was sold in September 2020. Lentor central site is a mixed development site next to the Lentor MRT, it seems to me that there's more interest in mix development site, probably because of the success from Pasir Ris eight launch. That sums up my four observations. ======= 📌SUBSCRIBE for weekly updates: https://bit.ly/3qNlDFB 📌Youtube:    / propertyden   📌Website: https://www.propertyden.sg #Flynparkenbloc #enblocWave #propertyDen Disclaimer: All information & opinions provided in the video are for general educational purposes only. It is not intended to be any form of investment advice.