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my guess, probably additional tax is coming for not all units being sold after t.o.p. for how many years.

(08-09-2013, 11:38 AM)freedom Wrote: [ -> ]my guess, probably additional tax is coming for not all units being sold after t.o.p. for how many years.

Hmm... 18 Shelford was TOP on Sep-10, perhaps already quietly paying extension charges for the past year and decided not to extend for another year?

huh? Then shareholders should encourage me Chou. To buy more units. Two not enough.

Well buying the unsold units is the cheaper option than taking "the SC Global way" of delisting. And property is not really its core biz

(08-09-2013, 02:22 PM)pianist Wrote: [ -> ]huh? Then shareholders should encourage me Chou. To buy more units. Two not enough.

Son got one shortly after TOP. 18 Shelford has total 19 units and now, with 3 in their family, ~15.8%... Perhaps they ought to consider Peter Lim style and just buy a whole development for future projects...

(08-09-2013, 02:59 PM)KopiKat Wrote: [ -> ]

(08-09-2013, 02:22 PM)pianist Wrote: [ -> ]huh? Then shareholders should encourage me Chou. To buy more units. Two not enough.

Son got one shortly after TOP. 18 Shelford has total 19 units and now, with 3 in their family, ~15.8%... Perhaps they ought to consider Peter Lim style and just buy a whole development for future projects...

Just curious how many unsold units are there left in 18shelford?

(08-09-2013, 03:07 PM)CY09 Wrote: [ -> ]

(08-09-2013, 02:59 PM)KopiKat Wrote: [ -> ]

(08-09-2013, 02:22 PM)pianist Wrote: [ -> ]huh? Then shareholders should encourage me Chou. To buy more units. Two not enough.

Son got one shortly after TOP. 18 Shelford has total 19 units and now, with 3 in their family, ~15.8%... Perhaps they ought to consider Peter Lim style and just buy a whole development for future projects...

Just curious how many unsold units are there left in 18shelford?

Last 2 units, if approved, then fully sold. That's why 'freedom' is likely correct on this 'solution' to the extension charges.

(08-09-2013, 02:18 PM)KopiKat Wrote: [ -> ]

(08-09-2013, 11:38 AM)freedom Wrote: [ -> ]my guess, probably additional tax is coming for not all units being sold after t.o.p. for how many years.

Hmm... 18 Shelford was TOP on Sep-10, perhaps already quietly paying extension charges for the past year and decided not to extend for another year?

think the first extension is relatively cheap. penalty for not sold after 3 years is much higher. and end of 3 year is coming next Tuesday.

Only left two unsold. Quite a good track record I think. Plus e extension tax will apply to unsold top units? I tot tax applies to those unlaunched not unsold,TRUE?

(08-09-2013, 03:24 PM)freedom Wrote: [ -> ]

(08-09-2013, 02:18 PM)KopiKat Wrote: [ -> ]

(08-09-2013, 11:38 AM)freedom Wrote: [ -> ]my guess, probably additional tax is coming for not all units being sold after t.o.p. for how many years.

Hmm... 18 Shelford was TOP on Sep-10, perhaps already quietly paying extension charges for the past year and decided not to extend for another year?

think the first extension is relatively cheap. penalty for not sold after 3 years is much higher. and end of 3 year is coming next Tuesday.

TOP was Sep-10, 2 years means Sep-12 ie. they must have paid for 1 year so far. Should be 2nd year which they're trying to avoid. As for the rates, from an old article,

Developers pay 8 per cent, 16 per cent and 24 per cent of the property purchase price for the first, second and third extra years, respectively. The amount is pro-rated based on the proportion of unsold units.