Alfc 5th Gear April 7 Share April 7 (edited) On 3/30/2022 at 10:30 PM, Alfc said: Prime location is prime location, even if the HDB is 50, 60 or 70 years old. Maybe got decaying lease cannot sell but can rent out to fetch good rental, yield is hard to beat. Still can milk them and no hefty maintenance to pay even if it is old property. But govt smarter, rather enbloc low rise blocks, pay back 1 unit, then can flip 3-4 units by building highrise. Plot ratio multiply few times, just like private enbloc, just that the huat big big owner is HDB. 4 HDB blocks in Ang Mo Kio picked for Sers; over 600 households to receive market compensationhttps://www.straitstimes.com/singapore/housing/four-blocks-in-ang-mo-kio-ave-3-picked-for-sers-around-600-households-to-receive-market-compensation See what I mean. This is not even real Prime. Should be low rise flats (12 storey?) if not wrong. Pay back 1 unit, flip 3-4 units by building high rise (30-40 storey). Same formula as private. If already is high rise (ie near max plot ratio), chance of enbloc or sers low as not so lucrative already. Edited April 7 by Alfc ↡ Advertisement 3 Link to post Share on other sites
Dp26 4th Gear April 7 Share April 7 Not just that maybe. Older HDBs blocks are sparsely located compared to now so maybe can build up 6 blocks instead of 4 plus 40 stories instead of 12. sibeh huat 3 Link to post Share on other sites
13177 Supersonic April 7 Share April 7 (edited) 1 hour ago, Alfc said: 4 HDB blocks in Ang Mo Kio picked for Sers; over 600 households to receive market compensationhttps://www.straitstimes.com/singapore/housing/four-blocks-in-ang-mo-kio-ave-3-picked-for-sers-around-600-households-to-receive-market-compensation See what I mean. This is not even real Prime. Should be low rise flats (12 storey?) if not wrong. Pay back 1 unit, flip 3-4 units by building high rise (30-40 storey). Same formula as private. If already is high rise (ie near max plot ratio), chance of enbloc or sers low as not so lucrative already. Finally the SERS project make a comeback after so long?! Lol. 2 of the blocks view not bad, unblocked but facing the expressway, should be noisy. Another funny SERS, they SERS blk 562-565, but left out the other side two blk 558 & 560? Thought if they SERS all the 6 blks there, it would have quite a big plot of land for development? Edited April 7 by 13177 1 Link to post Share on other sites
Alfc 5th Gear April 7 Share April 7 38 minutes ago, Dp26 said: Not just that maybe. Older HDBs blocks are sparsely located compared to now so maybe can build up 6 blocks instead of 4 plus 40 stories instead of 12. sibeh huat Still got some more... old estate carpark is usually big open-air type. Convert to multi-storey (charge higher parking fees) and free up land for additional blocks. sibeh sibeh huat ah 2 Link to post Share on other sites
Dp26 4th Gear April 7 Share April 7 Yah it’s open air carpark there 1 hour ago, 13177 said: Finally the SERS project make a comeback after so long?! Lol. 2 of the blocks view not bad, unblocked but facing the expressway, should be noisy. Another funny SERS, they SERS blk 562-565, but left out the other side two blk 558 & 560? Thought if they SERS all the 6 blks there, it would have quite a big plot of land for development? Haven’t yet la. bit by bit. Not enough HDB for them to SERS together at one go maybe. the HBD across the road 4rm MOPed asking ridiculous prices already 1 1 Link to post Share on other sites
Mercs Hypersonic April 7 Author Share April 7 UP UP and away! HDB Resale Prices Continue Rising for the 21st Straight Month, Increase by 0.7% in March 2022 https://www.srx.com.sg/research/62741/hdb-resale-prices-continue-rising-for-the-21st-straight-month-increase-by-07-in-march-2022 https://www.businesstimes.com.sg/real-estate/hdb-resale-volume-recovers-in-march-as-prices-rise-for-21-straight-months-srx-99co https://sbr.com.sg/residential-property/news/hdb-resale-volume-soars-192-qoq-in-march https://www.straitstimes.com/singapore/housing/hdb-resale-prices-rose-for-21st-straight-month-in-march-pinnacle-duxton-unit-sold-for-record-138-million Pinnacle flat sells for record $1.38m 5 Link to post Share on other sites
Mercs Hypersonic April 7 Author Share April 7 https://www.straitstimes.com/singapore/housing/past-sers-projects-range-from-west-coast-to-woodlands Past Sers projects range from West Coast to Woodlands https://www.99.co/singapore/insider/600-households-ang-mo-kio-sers/ 600 households over 4 blocks in Ang Mo Kio picked for SERS https://www.businesstimes.com.sg/real-estate/kensington-park-condo-might-gun-for-mega-en-bloc-sale-again Kensington Park condo might gun for mega en bloc sale again https://www.99.co/singapore/insider/family-3-kids-overhaul-hdb-executive-apartment-punggol/ Family with 3 kids bought and overhauled HDB Executive Apartment (EA) in Punggol after forgoing condo option https://www.propertyguru.com.sg/property-guides/pgf-von-lim-finding-a-new-home-and-financing-it-63454 Returning to Singapore, Finding A New Home and Financing It https://www.propertyguru.com.sg/property-guides/ismail-selling-a-home-during-a-pandemic-63438 The Challenges and Rewards of Selling a Home During a Pandemic https://stackedhomes.com/editorial/5-beautifully-designed-hdb-units-that-are-ready-to-move-in/ https://stackedhomes.com/editorial/the-ultimate-step-by-step-walkthrough-to-viewing-a-resale-hdb-like-a-pro-with-pictures/ https://www.homeanddecor.com.sg/gallery/house-tour-major-reconfiguration-for-this-dark-minimalist-three-room-hdb-at-marine-crescent/ House Tour: Major reconfiguration for this dark minimalist three-room HDB at Marine Crescent https://www.homeanddecor.com.sg/gallery/house-tour-contemporary-peranakan-executive-apartment-in-bedok/ House Tour: Contemporary Peranakan executive apartment in Bedok’s total reconfiguration 6 Link to post Share on other sites
13177 Supersonic April 7 Share April 7 5 hours ago, Dp26 said: Yah it’s open air carpark there Haven’t yet la. bit by bit. Not enough HDB for them to SERS together at one go maybe. the HBD across the road 4rm MOPed asking ridiculous prices already You tell me which HDB just MOP is not asking ridiculous prices? From popular location to not so popular location all same same. 😅 If that two blk did not got SERS under this SERS project, dont think they will get SERS liao. So next time when they build new housing there, that 2 old blk would become like eye sore. Reminds me of the SERS project in Holland Rd back then, when two point blk old HDB did not got SERS, and now the surrounding all are new BTO and housing, that 2 blk looks so weird. Just saw the tv news on this AMK SERS, and they interviewed the residents there. Many said the blk has many problems, always need repair work. But this HDB only 43 year old le, how come so many problems? Lack of maintenance from town council? There are tons of HDB flats much more older than this AMK HDB lo and yet people still staying in them. Lol. 1 Link to post Share on other sites
Mercs Hypersonic April 7 Author Share April 7 On 3/24/2022 at 8:27 PM, Mercs said: For those with concern simple solution just go for current fixed rate (below 2%) for peace of mind. After that even if FED up rate 10 times also no issue, dun say 2.5/3%, wanna smell 2% also difficult 😛 TDSR at 3.5% and even if at that, interest rates are still super duper cheap as compared to yesteryears 😉 https://www.mortgagewise.sg/5-year-fixed-rate-still-at-historical-lows/ 4m15s https://www.straitstimes.com/business/economy/many-us-fed-officials-support-future-half-point-increase-minutes-show Many US Fed officials support future half-point increase, minutes show 5 Link to post Share on other sites
Mercs Hypersonic April 7 Author Share April 7 https://www.channelnewsasia.com/singapore/hdb-sers-ang-mo-kio-en-bloc-new-flats-2613516 4 HDB blocks in Ang Mo Kio identified for SERS; first such announcement in nearly 4 years https://www.channelnewsasia.com/singapore/hdb-sers-ang-mo-kio-potential-development-mrt-station-analysts-2614146 Ang Mo Kio site identified for SERS offers 'significant' redevelopment potential: Analysts https://www.channelnewsasia.com/singapore/ang-mo-kio-sers-hdb-flat-block-562-565-2614301 'We'll see how it goes': Sentiments split among residents of Ang Mo Kio blocks picked for SERS 6 Link to post Share on other sites
13177 Supersonic April 8 Share April 8 The AMK SERS, noticed the replacement flat is located at ITE college there, seems not a good location, much further to MRT. The current site is nearer to MRT as it located along AMK ave 3. 2 Link to post Share on other sites
Mercs Hypersonic April 8 Author Share April 8 https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-mar-22-mar-29-done-deals Residential transactions with contracts dated Mar 22 to Mar 29 [DONE DEALS] https://www.edgeprop.sg/property-news/north-gaia-set-trend-ec-projects-average-price-1250-1280-psf North Gaia to set trend for EC projects at average price of $1,250 to $1,280 psf https://www.edgeprop.sg/property-news/penthouse-midtown-modern-sets-new-price-high-development-4278-psf Penthouse at Midtown Modern sets new price high in development of $4,278 psf https://www.edgeprop.sg/property-news/four-bedder-grange-infinite-sold-24-mil-loss Four-bedder at Grange Infinite sold at $2.4 mil loss https://www.edgeprop.sg/property-news/three-bedder-oue-twin-peaks-sale-48-mil Three-bedder at OUE Twin Peaks up for sale at $4.8 mil https://www.edgeprop.sg/property-news/freehold-residential-building-haig-road-sold-nanshan-group-493-mil-collective-sale Freehold residential building on Haig Road sold to Nanshan Group for $49.3 mil in collective sale https://www.straitstimes.com/business/property/haig-road-flats-sold-en-bloc-on-3rd-attempt-at-493m-above-owners-asking Haig Road flats sold en bloc on 3rd attempt at $49.3m, above owner's asking https://sbr.com.sg/residential-property/news/freehold-property-haig-road-sold-493m-collective-sale https://www.businesstimes.com.sg/real-estate/haig-road-flats-sold-en-bloc-on-3rd-attempt-at-s493m-above-owners-asking https://sbr.com.sg/residential-property/news/ang-mo-kio-block-can-still-be-optimised-through-sers-orangetee Ang Mo Kio block can still be optimised through SERS https://stackedhomes.com/editorial/woodlands-glen-review/ 6 Link to post Share on other sites
Didu Supercharged April 8 Share April 8 There are people who go temple pray for SERS. Then you see some folks tio SERS also say sad lah, inconvenient lah,...wu yah boh?? Don't at night sleep also laugh out hor.....🙄 2 Link to post Share on other sites
13177 Supersonic April 8 Share April 8 2 hours ago, Didu said: There are people who go temple pray for SERS. Then you see some folks tio SERS also say sad lah, inconvenient lah,...wu yah boh?? Don't at night sleep also laugh out hor.....🙄 Ya lo, all those resident just pretend and act like very sad that their blk tio SERS. Resident tio SERS is like strike TOTO first group prize, no matter what options given by HDB will the resident choose lo. Resident only feel sad if their blk tio SARS but definitely not sad when tio SERS. Lol. 1 2 Link to post Share on other sites
camrysfe 4th Gear April 8 Share April 8 5 hours ago, Mercs said: https://www.edgeprop.sg/property-news/residential-transactions-contracts-dated-mar-22-mar-29-done-deals Residential transactions with contracts dated Mar 22 to Mar 29 [DONE DEALS] https://www.edgeprop.sg/property-news/north-gaia-set-trend-ec-projects-average-price-1250-1280-psf North Gaia to set trend for EC projects at average price of $1,250 to $1,280 psf https://www.edgeprop.sg/property-news/penthouse-midtown-modern-sets-new-price-high-development-4278-psf Penthouse at Midtown Modern sets new price high in development of $4,278 psf https://www.edgeprop.sg/property-news/four-bedder-grange-infinite-sold-24-mil-loss Four-bedder at Grange Infinite sold at $2.4 mil loss https://www.edgeprop.sg/property-news/three-bedder-oue-twin-peaks-sale-48-mil Three-bedder at OUE Twin Peaks up for sale at $4.8 mil https://www.edgeprop.sg/property-news/freehold-residential-building-haig-road-sold-nanshan-group-493-mil-collective-sale Freehold residential building on Haig Road sold to Nanshan Group for $49.3 mil in collective sale https://www.straitstimes.com/business/property/haig-road-flats-sold-en-bloc-on-3rd-attempt-at-493m-above-owners-asking Haig Road flats sold en bloc on 3rd attempt at $49.3m, above owner's asking https://sbr.com.sg/residential-property/news/freehold-property-haig-road-sold-493m-collective-sale https://www.businesstimes.com.sg/real-estate/haig-road-flats-sold-en-bloc-on-3rd-attempt-at-s493m-above-owners-asking https://sbr.com.sg/residential-property/news/ang-mo-kio-block-can-still-be-optimised-through-sers-orangetee Ang Mo Kio block can still be optimised through SERS https://stackedhomes.com/editorial/woodlands-glen-review/ Haig road site seems very reasonable . 1286 psf on land only Link to post Share on other sites
Kopites Supersonic April 8 Share April 8 (edited) 7 hours ago, 13177 said: Ya lo, all those resident just pretend and act like very sad that their blk tio SERS. Resident tio SERS is like strike TOTO first group prize, no matter what options given by HDB will the resident choose lo. Resident only feel sad if their blk tio SARS but definitely not sad when tio SERS. Lol. Only if their soon to be amk new flat can fetch a million. Looking at 500k the most with location. sell high buy high couple with further away location from mrt the general sentiments shown in the video should be truth. That area got lot of oldfolks as well. My opinion. Compare to tanglin halt. Right smack in Queenstown mrt. Edited April 8 by Kopites 2 Link to post Share on other sites
camrysfe 4th Gear April 9 Share April 9 3 hours ago, Kopites said: Only if their soon to be amk new flat can fetch a million. Looking at 500k the most with location. sell high buy high couple with further away location from mrt the general sentiments shown in the video should be truth. That area got lot of oldfolks as well. My opinion. Compare to tanglin halt. Right smack in Queenstown mrt. any sers or Enbloc will earn if u use the money to buy a replacement. those who are f*** by Enbloc are those who didn't buy anything after Enbloc ↡ Advertisement Link to post Share on other sites
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