Enbloc redevelopment

[Ignissport]

wah...792 sqm penthouse

 

must be a mansion

 

 

 

end of day when we all die and up the lorry....we mostly end up in almost same size house(COFFIN) roughly 2 metre x 80cm...some bigger some smaller...some got gold trimming some dont...so make the most of life.....$$$$ not everything

 

[camrysfe]

Itâs always a percentage of floor area and share value. Itâs can be 70-90% of floor area and 30-10% of share value. It will never be 100% floor area. Unless itâs a small development where all units are same size and there is no difference.

The current ratio used for my estate is 80-20. Just want to check if this ratio is fixed for future enbloc assuming the current one falls through ?

[Kusje]

its always the penthouse owner KPKB one....... dont know if they are greedy or aggrieved but i cannot imagine a 792 sqm unit which is like over 8500 sq ft apartment here in the first place with 15million can get a landed equivalent I'm quite sure and I am sure his apartment might be already a 2 or 3 level unit most likely (with the top floor open space only mostly)

It really doesn't make sense tho.

 

For a 2017 enbloc sale, why are they using a valuation done in 2010?

[camrysfe]

its always the penthouse owner KPKB one....... dont know if they are greedy or aggrieved but i cannot imagine a 792 sqm unit which is like over 8500 sq ft apartment here in the first place with 15million can get a landed equivalent I'm quite sure and I am sure his apartment might be already a 2 or 3 level unit most likely (with the top floor open space only mostly)

"The owner-occupier of the sole 792 sq m penthouse was supposed to pocket S$15.17 million from the sale; the owners of the other units, which are 188 sq m in size, were to have received S$5.77 million apiece."

 

 

The penthouse owner got screwed by the share value part of apportionment.

[Mkl22]

The current ratio used for my estate is 80-20. Just want to check if this ratio is fixed for future enbloc assuming the current one falls through ?

Nope, from what I understand, 1 year after the date on which the last person signs the sale for enbloc that hits the 80%, everything resets.

 

So if in your estate the person who signs on 1 July 2018, and he was the one who tipped it over 80%, then by 30june2019, if there is no sale, everything has to start all over again.

Edited July 13, 2018 by Mkl22

[Ignissport]

see also can LAUGH this type thing [laugh] [laugh]obviously no enbloc involved

 

https://www.kindness.sg/neighbourliness/

[BanCoe]

Its always the norm in enbloc sales where the larger the unit the smaller the ppfr price always..... nothing new , anyway lets see what the STB  can do 

 

 

"The owner-occupier of the sole 792 sq m penthouse was supposed to pocket S$15.17 million from the sale; the owners of the other units, which are 188 sq m in size, were to have received S$5.77 million apiece."


The penthouse owner got screwed by the share value part of apportionment.

 

[Enye]

end of day when we all die and up the lorry....we mostly end up in almost same size house(COFFIN) roughly 2 metre x 80cm...some bigger some smaller...some got gold trimming some dont...so make the most of life.....$$$$ not everything

 

yes boss..... appreciate your teaching

 

 

[Victor68]

"The owner-occupier of the sole 792 sq m penthouse was supposed to pocket S$15.17 million from the sale; the owners of the other units, which are 188 sq m in size, were to have received S$5.77 million apiece."

 

 

The penthouse owner got screwed by the share value part of apportionment.

i think the problem comes from contribution to common fund. MF is calculated based on share value for each subsidiary owner based on unit size. but if penthouse size is big, they pay high contribution but not necessarily enjoy more of the common facilities. so, it was moderated. now the trouble come when you compute enbloc sale. if you sell as an individual unit, no problem. obviously the penthouse owner not happy.