Lakepoint En Bloc

[发哨子2020]

WingTai will go much higher than $21xx if possible.

The developers target the maximum buyer pain threshold.
And the buyer pain threshold is very high nowadays looking at record high HDB /EC /condo prices achieved.

 

[䏣炆玧示老太]

WingTai will go much higher than $21xx if possible.

The developers target the maximum buyer pain threshold.
And the buyer pain threshold is very high nowadays looking at record high HDB /EC /condo prices achieved.

Put higher can self proclaim to be shunpoon mah

 

[䏣炆玧示老太]

Lakeside Apt is not Lakepoint Apt .

My uncle bought a unit @ Lakeside Apt 9F many many years ago for probably around $200-300k.

So now enbloc can 分到多少錢呢？

 

[Oftheseas]

1.141* 1077psf = 1228 psf ppr land cost

Another 21xx psf launch. Thanks to the overwhelming demand at Liv@MB. This gave Wing Tai confidence to bid at a massive 14% premium to reserve price

https://www.businesstimes.com.sg/co...partments-for-s2739m-above-reserve-price?amp=

After factoring a 7% bonus and possibly some other 1/2% sustainable incentives, I believe the land price is less than $1160 psf ppr.

Still consider very high, especially taking into consideration the reserve price of nearby Lakepoint enbloc.

 

[Oftheseas]

So now enbloc can 分到多少錢呢？

Average $2.1m-$2.3m per unit.

During the launch of this Lakeside Apt back in the 70s, JTC management & engineers can buy a unit here for less than $15,000 !

 

[发哨子2020]

So now enbloc can 分到多少錢呢？

$2 million ++ with free rental last 30+ years

 

[googoogaga]

After factoring a 7% bonus and possibly some other 1/2% sustainable incentives, I believe the land price is less than $1160 psf ppr.

Still consider very high, especially taking into consideration the reserve price of nearby Lakepoint enbloc.

Oh. Got to correct this in the other thread. So there is still a chance of sub 2K launch,l

 

[䏣炆玧示老太]

$2 million ++ with free rental last 30+ years

Good deal
Whoever sold their units there in the past 20 yrs probably crying now and regret

 

[CaptainSGP]

Oh. Got to correct this in the other thread. So there is still a chance of sub 2K launch,l

Should have, but probably those ground floor/Low floor no view bigger units. I think there will be a big premium for the east facing lake view units

 

[kwleesg]

https://www.google.com/amp/s/www.ed...park-view-mansions-second-enbloc-attempt-year
back in 2018

 

[发哨子2020]

14% above reserve price .
There must be a few bidders in the game .

The Jurong Lake Park behind Lakeside Apt is one of the nicest parks in Singapore.
And the 2nd CBD hype .


Expect maximum pain from the developer / beyond many normal buyer threshold on launching.

 

[CaptainSGP]

14% above reserve price .
There must be a few bidders in the game .

The Jurong Lake Park behind Lakeside Apt is one of the nicest parks in Singapore.
And the 2nd CBD hype .


Expect maximum pain from the developer / beyond many normal buyer threshold on launching.

Lakeview average psf 22xx. No lake view average 20xx psf

 

[发哨子2020]

Lakeview average psf 22xx. No lake view average 20xx psf

My uncle was telling me 2 years+ that many owners were too greedy after they failed the earlier lower priced en bloc .
He would then have gotten about $1.8 million if successful.
Now he gets even more .

There are a few similar blocks along Yuan Ching Road which will produce many more multimillionaires soon if their future en bloc is successful.

 

[The_Davis]

https://www.google.com/amp/s/www.ed...park-view-mansions-second-enbloc-attempt-year
back in 2018

Really huat big big

 

[Oftheseas]

My uncle was telling me 2 years+ that many owners were too greedy after they failed the earlier lower priced en bloc .
He would then have gotten about $1.8 million if successful.
Now he gets even more .

There are a few similar blocks along Yuan Ching Road which will produce many more multimillionaires soon if their future en bloc is successful.

Your uncle is lucky to be rewarded with a 10x profit and a huge retirement package.

Tiagong that there are a couple of original owners from way back in the late 70s. Imagine $15k purchase and now pocketing $2.15m !

 

[abcde83]

Your uncle is lucky to be rewarded with a 10x profit and a huge retirement package.

Tiagong that there are a couple of original owners from way back in the late 70s. Imagine $15k purchase and now pocketing $2.15m !

they are probably 1.5 step into the coffin already...

 

[Oftheseas]

they are probably 1.5 step into the coffin already...

If they spend the past 40+ years living beside the lake & greenery, pretty sure they can live a long life !

 

[NiShiZhu]

If they spend the past 40+ years living beside the lake & greenery, pretty sure they can live a long life !

Then if stay next to expressway and industrial park leh?

 

[Oftheseas]

Then if stay next to expressway and industrial park leh?

I seldom encounter neighbourhoods that are next to expressway and in a industrial enclave. The one that I chanced upon, don’t see many elderly around !

 

[LWZ]

From what I heard, most of the Lakeside Apartments owners were no longer staying there, so the condo was mostly tenanted. A lot of partitioning and sub / subsub-letting too...