09-01-2013, 12:16 AM
These people who bought at these high prices have forgotten the days of the property market crash and the high interest rates! They thought they can just borrow to pay for the properties, forgetting that the loans will take 25 to 30 years to repay. When they reach 55, they have no CPF monies to withdraw.
With Wheelock so interested to buy SC Global in the market, is there a likelihood that Wheelock will make a general offer for SC Global to take it private too?
(09-01-2013, 12:09 AM)safetyfirst Wrote: [ -> ](08-01-2013, 10:06 PM)ngcheeki Wrote: [ -> ]Wheelock is top bidder for Ang Mo Kio Avenue 2 site, at S$550 million or S$789.89 psf and the breakeven price estimated by Square Foot Research is ($PSF)1,243.4. Hence, the selling price will be around S$1,500 psf.
See the following for more detailed.
http://www.businesstimes.com.sg/breaking...e-20130108
http://www.ura.gov.sg/pr/graphics/2013/pr13-02a1.pdf
Another development, wheelock has made another 1,205 lots of purchased of SC Global shares and the company shareholding is now crossing 17% mark.
http://info.sgx.com/webcoranncatth.nsf/V...D0043F5D9/$file/Wheelock_Disclosure_of_Dealings.pdf?openelement
http://info.sgx.com/webcoranncatth.nsf/V...D0043F5D9/$file/Wheelock_Disclosure_of_Dealings.pdf?openelement
I am really starting to wonder if prices of $1200-1500psf at sub-urban areas is the new norm for condo prices, are there really so many rich people in singapore to soak up all these supply?
With Wheelock so interested to buy SC Global in the market, is there a likelihood that Wheelock will make a general offer for SC Global to take it private too?
(09-01-2013, 12:16 AM)Louhan Wrote: [ -> ]These people who bought at these high prices have forgotten the days of the property market crash and the high interest rates! They thought they can just borrow to pay for the properties, forgetting that the loans will take 25 to 30 years to repay. When they reach 55, they have no CPF monies to withdraw.
(09-01-2013, 12:09 AM)safetyfirst Wrote: [ -> ](08-01-2013, 10:06 PM)ngcheeki Wrote: [ -> ]Wheelock is top bidder for Ang Mo Kio Avenue 2 site, at S$550 million or S$789.89 psf and the breakeven price estimated by Square Foot Research is ($PSF)1,243.4. Hence, the selling price will be around S$1,500 psf.
See the following for more detailed.
http://www.businesstimes.com.sg/breaking...e-20130108
http://www.ura.gov.sg/pr/graphics/2013/pr13-02a1.pdf
Another development, wheelock has made another 1,205 lots of purchased of SC Global shares and the company shareholding is now crossing 17% mark.
http://info.sgx.com/webcoranncatth.nsf/V...D0043F5D9/$file/Wheelock_Disclosure_of_Dealings.pdf?openelement
http://info.sgx.com/webcoranncatth.nsf/V...D0043F5D9/$file/Wheelock_Disclosure_of_Dealings.pdf?openelement
I am really starting to wonder if prices of $1200-1500psf at sub-urban areas is the new norm for condo prices, are there really so many rich people in singapore to soak up all these supply?