just read that this fund has appointed Jones Lang Laselle as the exclusive marketing agent for leasing out the 162 units they bought.
Originally Posted by bargain hunter
Senior
just read that this fund has appointed Jones Lang Laselle as the exclusive marketing agent for leasing out the 162 units they bought.
Go for Smallest Unit
Fund play, u buy to eat only. Dun play.
Senior
So many tenants? Imagine if u r buying to rent too. There will be lots of competition.
Bricks & Mortar
fund has 162 out of 531 units, abt 30%, wonder where r all the retail buyers/investors, people who buy will have different neighbours now and then if funds lease them out or offload. Tough competition all round.
Go for Smallest Unit
Fun play liao.. Dun get funked
Newbie
B4 the last cooling measure, heard from
Agents that the fund is offloading the units.
Maybe after the last measure, they are not able
To achieve target price and so decide to lease.
Senior
The project is over-priced. Likely in the next few months they cannot find enough tenants to rent out at the prices they are looking for.
Senior
very heavy downpour tonight. is there any "ponding" at cascadia or its neighbouring developments?
Senior
the worst part is the fund is providing "ancillary services to the tenants on 24/7 basis!" the JLL lady was also quoted as saying tenants prefer corporate landlord as a bonus as issues are handled and resolved in a prompt and professional mannter.
siao liao. retail investors no fight!
Senior
this fund can either sabo the owners there or set a high standard and price of rental there with their 24/7 service.the worst part is the fund is providing "ancillary services to the tenants on 24/7 basis!" the JLL lady was also quoted as saying tenants prefer corporate landlord as a bonus as issues are handled and resolved in a prompt and professional mannter.
siao liao. retail investors no fight!
Senior
yes. their units will surely command high rental. not sure if it will help the retail investors or not though.
Senior
if they can set a high rental price standard, it'll help the neighbours. look at far east. but if they low ball against the retailers, then it's lights out for them.
Newbie
Rained all night, any flooding?
Junior
that is my question too.
Senior
but in this case, the 162 units could be offered as a differentiated product. closer to a service apartment type of service i expect, and charging a premium for it.
东方
Rain is only getting worse... Amazing. Finally feeling the global warming effects coming to Singapore...
Junior
Thought there was a case of a agent grouping a few units in MBR as service residence and URA came out and say it is not allowed?
Newbie
Floods seem to wreak havoc in developments along bukit timah. However, prices have not been affected. I am waiting for $1000 - $1100 psf.
Senior
Today's a good day to take a look at cascadia.
Go for Smallest Unit
Yes, bucket timah area
Senior
for the 162 units owned by alpha fund, i guess JLL will go very close to a service residence without breaching the rules. how do we define "ancillary services to the tenants on a 24/7 basis"?
Senior
From a 2007 BT article, "A Spanish private-equity fund is believed to have bought 20 apartments at The Cascadia, further down Bukit Timah Road, at about $1,600 psf."
not sure if they have sold or also intend to rent out. but 20 is not a lot vs the 162 one.
Go for Smallest Unit
Like this har.....
They rent to their countrymen?
The project mainly for rental Liao......
Senior
United nations service apt.
Newbie
Anyone able to obtain caveat data?
Junior
Can check on Streetsine.
BE CENTRED BY ALL AT THE FRINGE OF THE CITY @
Newbie
Prices not moving much. Hopefully the flood and MBT's cooling measure will push prices down at this condo.
Senior
3rd day of continuous rain, wonder how is the condition now....
Bricks & Mortar
http://www.asiapropertymagazine.com/...lem-not-fixed/
Property value in flood-prone areas could suffer if problem not fixed
- Tuesday, August 3, 2010, 10:04
- Singapore, featured
- Add a comment
Property watchers have warned that the value of developments in flood-prone areas could suffer if the problem of flooding is not fixed.
They said prices and rental rates for residential and commercial properties could fluctuate if the problem continues for another three months. This may force businesses to move out.
Landlords may have to lower rent or take measures to prevent flooding to attract tenants.
Some buyers are now asking about the risk of flooding when they check out a property, including those that are not directly hit.
Executive director of Residential Projects, Orange Tee, Steven Tan, said: “In the past, this was never an issue. Now we can see that they are starting to have a concern whether the condominium or house that they want to buy will encounter this problem.”
Nicholas Mak, Real Estate lecturer at Ngee Ann Polytechnic, said: “Even if the property is not prone to flooding, but just because it is near another property that often suffers flooding whenever it rains, it could be guilty by association and its value could also be adversely affected.”
Source: Channel NewsAsia
Senior
how's tessarina i wonder with their new flood prevention barriers.3rd day of continuous rain, wonder how is the condition now....
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