Suites 22 - build finish then sell...

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12-11-11, 11:33
mcmlxxvi

Suites 22 - build finish then sell...

Interesting.

http://www.listings.sg/listings/67535.html
12-11-11, 12:15
hyenergix

Quote:

Originally Posted by mcmlxxvi

Interesting.

http://www.listings.sg/listings/67535.html

Looks like cant sell during launch.
12-11-11, 12:18
devilplate

Quote:

Originally Posted by hyenergix

Looks like cant sell during launch.

some small time developer may not have the permit or license to sell based on flrplan.
12-11-11, 12:23
Eastboy

Quote:

Originally Posted by mcmlxxvi

Interesting.

http://www.listings.sg/listings/67535.html

Sometimes they purposely hold a few units to sell upon completion at a higher price banking on the upside.
13-11-11, 07:14
hyenergix

Quote:

Originally Posted by devilplate

some small time developer may not have the permit or license to sell based on flrplan.

Unlikely. Authorities have to be fair to big and small players. Telok Kurau to Joo Chiat is saturated with MMs. Developer may not be doing full scale marketing to attract buyers, and a few expensive units could be left over. Waiting for 2nd half of 2012. Very good chance we see prices softening. Stock up your bullets.
13-11-11, 07:34
samuelk

Quote:

Originally Posted by Eastboy

Sometimes they purposely hold a few units to sell upon completion at a higher price banking on the upside.

Prices seems reasonable.

Prices will seem even more attracive if there was no typo.
13-11-11, 07:58
devilplate

Quote:

Originally Posted by hyenergix

Unlikely. Authorities have to be fair to big and small players. Telok Kurau to Joo Chiat is saturated with MMs. Developer may not be doing full scale marketing to attract buyers, and a few expensive units could be left over. Waiting for 2nd half of 2012. Very good chance we see prices softening. Stock up your bullets.

URA has been very fair.

Housing Developer Sale Licence: The licence that a developer has to obtain if it wishes to sell units in residential projects of more than 4 units before they are completed. This licence is issued by the Controller of Housing and is one of the pre-requisites for sale. Another pre-requisite is the approval of the building plans of the development.

fyi: http://www.ura.gov.sg/lad/HBG/housingDeveloper.htm#sale
13-11-11, 13:58
hyenergix

Quote:

Originally Posted by devilplate

URA has been very fair.

Housing Developer Sale Licence: The licence that a developer has to obtain if it wishes to sell units in residential projects of more than 4 units before they are completed. This licence is issued by the Controller of Housing and is one of the pre-requisites for sale. Another pre-requisite is the approval of the building plans of the development.

fyi: http://www.ura.gov.sg/lad/HBG/housingDeveloper.htm#sale

I don't see any reason why the developer is allowed by URA to build but not allowed to sell, particularly when the min requirements are easy to meet:

http://spring.ura.gov.sg/lad/ecoh/es...faqs.cfm#link4
13-11-11, 15:54
devilplate

Quote:

Originally Posted by hyenergix

I don't see any reason why the developer is allowed by URA to build but not allowed to sell, particularly when the min requirements are easy to meet:

http://spring.ura.gov.sg/lad/ecoh/es...faqs.cfm#link4

u can call up the developer and ask them lor....let us noe the outcome
13-11-11, 15:56
hyenergix

Quote:

Originally Posted by devilplate

u can call up the developer and ask them lor....let us noe the outcome

I have better things to do than disturbing the developer. I'm not interested in the unit anyway.
13-11-11, 16:55
mcmlxxvi

Is all 2 and 3 bedrooms... Guess not easy to sell out.