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Thread: SeaHill, FEO, 300 units

  1. #121
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    Mar 2012
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    Quote Originally Posted by Leeds
    If this is the case, then it should be under different strata for the two developments within the same estate. However, you mentioned that FEO have more than 50% of the total share values, then it appears that there is only one strata. Need to find out in greater details.

    FEO being the majority can come up with by-laws and put other residents at a disadvantage. FEO can also raise management fees and sinking funds as they see fit. Residents being the minority will have no say in the final decision.

    Would you want to buy into a small development of say 20 units where one of the owner own 12 of them?

    I am actually not worried about that. FEO can raise the management fee or sinking fund, but ultimately, they still have to spend it on the development itself so it should be gain for all not just for FEO.

    Then again, this definitely need more clarification from FEO as to how to allocate those sinking funds.

  2. #122
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    Mar 2012
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    Quote Originally Posted by eng81157
    so much for the enjoyment of privacy and exclusivity?!

    You cant really expect much privacy and exclusivity with any integrated project like this one. The number one thing on buyers mind will be rental yield.

    Having Oasia in the same development is definitely a plus for investors looking for rent out their units. Not so good for those who buy it for own stay.

  3. #123

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    Quote Originally Posted by coolchoc
    last I heard fr fe agt on 1st day of launch is that svs apt will not share any of the facilities with the condo/ soho/townhouse. it'll be managed as a seperate entity with the service apt taking 30% share of the land. probably they've changed their again?

    also, not much info given by fe on the service apt. when u ask them more qns on the service apt, they will only reply u with their std "service apt's plan yet to be confirmed. our mgmt still in the midst of concluding thgs. anyway, the svs apt is separately managed. so it will not affect the condo".
    Thanks for your input.

    As buyers, we should demand answers. If FEO cannot furnish them, wonder why people are buying especially when it affects their future investment and the enjoyment of land.

  4. #124
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    Mar 2012
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    Quote Originally Posted by rattydrama
    from what I heard, initially this is a residential plot but FEO sold them a new concept and able to lobby to change the residential plot to commercial plot.

    Good or bad to be proven but surely this is the first in Singapore. residents can reqest conceige service from service apartment F&B - so maybe tenant should be happy.

    Far East owns Oasia Hotel next to Novea mrt and my guest loves this hotel. Rate is around 250 per night. So rental is big business now.
    FEO already have a service apartment at West Coast Plaza, so I am sure FEO cant be throw darts in the dark with Oasia West.

    One interesting thing which I noticed is that for Seahill, FEO is providing a mini safe in in their provision for all units in the development. Is this a norm for new launches?

  5. #125
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    Mar 2012
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    Quote Originally Posted by Leeds
    Thanks for your input.

    As buyers, we should demand answers. If FEO cannot furnish them, wonder why people are buying especially when it affects their future investment and the enjoyment of land.
    I think its because developer is FEO and they cant simply screw up their neighbors like this.

  6. #126

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    Quote Originally Posted by Poloclub
    I think its because developer is FEO and they cant simply screw up their neighbors like this.
    The problem with these large establishments like FEO is that they want to take control of things. They will of course do thing legally but with the law behind them to protect their interests.

    FEO is known to sell apartments under 103 years when the land is freehold. Many investors or buyers would not buy into such development because they prefer to buy LH development with land title for 99 years from the government than "leasing" from FEO for 103 years. FEO has engaged very experience lawyers to draft the contract for such developments to protect their interests.

    Buying into such developments, one should consult a good and experience lawyer particularly on the Sale & Purchase Agreement drafted by the vendor. Buyers must know what you are getting into.

  7. #127

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    FEO bestest
    land $176m, $460 ppr
    townhse 18x4.5m= $81m
    condo,soho 320x xx = $290m~ (conservative agaration)
    comm 2x = xx

    I think serv apt bldg foc free liao, plus strata title to the land.
    Pasir Ris dev give some buyers VW, here buyers give away bldg+land. hohoho x'mas comes early.
    So buy or bye?

  8. #128

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    oops...it's Flo resi @ punggol, my bad.

  9. #129

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    Quote Originally Posted by maisonjai
    FEO bestest
    land $176m, $460 ppr
    townhse 18x4.5m= $81m
    condo,soho 320x xx = $290m~ (conservative agaration)
    comm 2x = xx

    I think serv apt bldg foc free liao, plus strata title to the land.
    Pasir Ris dev give some buyers VW, here buyers give away bldg+land. hohoho x'mas comes early.
    So buy or bye?
    FEO is FEO for a reason. you got to give it to them.

  10. #130

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    Quote Originally Posted by Ringo33
    FEO is FEO for a reason. you got to give it to them.
    they can survive in HK real estate is already no mean feat.

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