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Thread: Telok Kurau View enbloc/ private treaty?

  1. #1
    Join Date
    May 2008
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    219

    Default Telok Kurau View enbloc/ private treaty?

    Just saw on URA
    Telok Kurau View 14,000 sf sold for $16mio.

    Is this a private treaty? Dont recall any news on this.

    Based on pr of 1.4, can build 33 MM units?

  2. #2
    Join Date
    Jun 2008
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    249

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    Telok Kurau is a gem of an area, especially nearer to the park connector.

  3. #3
    Join Date
    Apr 2010
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    15,307

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    Quote Originally Posted by TKT
    Telok Kurau is a gem of an area, especially nearer to the park connector.
    lor G,H, M,N near connector is da best...

    how TK compared to still rd/joo chiat/tembeling tat area....realised prices about the same

  4. #4
    Join Date
    Oct 2009
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    1,857

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    was at TK yesterday...realised the place has changed so much. It used to be peaceful and laid-back, but now new condos line the roadsides and reduced the 'open-ness' of the place...slowly but surely the place is being commercialised

  5. #5
    Join Date
    Apr 2008
    Posts
    36

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    Quote Originally Posted by vboy
    Just saw on URA
    Telok Kurau View 14,000 sf sold for $16mio.

    Is this a private treaty? Dont recall any news on this.

    Based on pr of 1.4, can build 33 MM units?

    Land Area is 1610,7 m2

  6. #6
    Join Date
    May 2008
    Posts
    219

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    Just saw on URA caveat lodged

    Telok Ville (Lor K) - 7 units sold at $2.36 million each at $870psf

    another private treaty?

  7. #7
    Join Date
    Oct 2009
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    12

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    is there a difference between private treaty and open tender ?

    When a tender close, is it as simpler as the highest bidder will be awarded (above reserve price of course) ? Or is the contract still be considered as a 'private treaty' >

    Just wondering whether these terms are used interchangeably...

  8. #8
    Join Date
    Aug 2009
    Posts
    3,943

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    Quote Originally Posted by kimwah
    is there a difference between private treaty and open tender ?

    When a tender close, is it as simpler as the highest bidder will be awarded (above reserve price of course) ? Or is the contract still be considered as a 'private treaty' >

    Just wondering whether these terms are used interchangeably...
    If there is no bidder above the valuation / reserved price
    but there is expresssion of interest, then it will dealt with via private treaty
    or at times, the terms and conditions of the tender specifications are not met, also will dealt with via private treaty

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