En-bloc veteran reveals the cause of soaring land prices! | NOTG
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- Опубліковано 27 чер 2024
- The PropertyLimBrothers team delves into how developers purchase land, specifically through en bloc sales. To help us understand, we brought in en bloc expert, Mr. Karamjit Singh, CEO of Showsuite and Delasa, to share his insights on this hot topic amongst private property owners. Breaking it down to 3 different perspectives, see through the lenses of existing owners in project with en bloc potential, learn what attracts developers to bid on specific land plots, as well as the risk involved, especially for individual retail home purchasers.
With attributes like GFA and ABSD, strap in and find out what are the many factors that influence the en bloc market, all on this week’s episode of Nuggets On The Go Banter Series!
00:00 Introduction
03:11 When does en bloc happen?
05:12 Karamjit real estate journey
06:33 Will there be another huge en bloc that will happen?
07:52 En bloc sale for Mandarin Gardens & Braddell View
09:51 En bloc sales process (For Existing Owners)
14:43 How many years is a cycle? (Mega & Mini)
16:54 Remaining HUDC properties
19:22 Will a developer prefer GLS over en blocs?
20:52 2023 GLS New Launches
21:15 GLS pricing prediction
28:58 Does it take a lot of effort for the current owners?
34:25 Number of Sales Committee
37:20 What should you do if you're an home owner in Euro-Asia Park?
42:32 What profit margin do developers prefer before moving forward with an en bloc?
47:37 What attract developers to bid for a project?
53:00 Only one bidder for Lentor Gardens
57:42 Are mixed use development projects more attractive for developers?
1:02:25 Being a first owner does it factor into en bloc sales?
1:05:27 How long is the tender open for?
1:06:43 Third time is the charm for en blocs
1:11:49 Pricing for Landed, Private, and HDB
1:23:15 US Bank Crisis
1:26:53 Will home ownership reduce in the future?
1:29:42 Advice for young people
1:33:21 Conclusion
1:34:19 Bloopers
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Wow this guy is really knowledgeable. Easily one of the best NOTG episode so far.
You think they need to pay him for his time or not? Or he spend the time for free?😅
Thank you!! glad to know that you enjoyed it, we hope to bring you more value adding content :-)
the things we do to produce content that you guys love………. besides inviting guest speakers our back end team also spend lots of time editing and setting up 😮💨
Kudos to the Mr Karamjit. Very thoughtful sharing of his knowledge; appreciate that he is not just giving a simple answer, but also taking the effort to explain the key factors and logic that formed his conclusions.
thank you for your kind words! hope you enjoyed this episode :)
The wisdom in this episode is mindblowing 👍👍👍
Thank you! Hope you enjoyed this episode. :)
I love the way the guest speaker spoke. He spoke very clearly, very logically, very consideredly. Amazing economy of words. Very good intonation. Very listenable. I like listening to him very much.
May I request that PLB speakers speak the same way please 🙏🙏
I think the only few people who spoke clearly in PLB are the young lady (who sold cupcakes in the past), and to some extent, the guy sitting on the right of Melvin, sitting furthest away from the guest speaker.
Hi Daniel, thank you so much for taking your time to drop this comment. We will take note of this :)
Great episode, keep it up by inviting more of such speakers.
thank you! hope you enjoyed it as much as we did
So much great information and knowledge shared here. Mr Singh was super lucid and great questions!
so glad you liked it!
To the guy in black : Do your homework and ask better questions. Mr Karamjit is not your crystal ball. 😅
the picture that was shown is incorrect. that is a normanton park photo not farrer court.
So if BTOs are built such that demand exceed supply, asset appreciation can be perpetual? I think i deserve a nobel prize for asset appreciation 😅! 😅
do u wanna join us as a guest speaker? then we give you the award live 😀
@@notgpodcastI noticed several times your art of sarcasm has not commensurate with the amount of commission taken from property buyers and sellers.😅 outside sg, where got so creamy?
Will there any cost incur to the home owners, if the en-bloc failed and doesn't get through?
Hey Boon Liang!
In terms of costs during enbloc, it’s largely administrative. During Enbloc, the costs are usually catered for from the sinking funds of the MCST. Residents dont really need to fork out additional costs unless there's inadequate funds in the above account. :)
Given the expert view that sg is rock solid stable uncrashable property market for now, i think ABSD will not be effective at all to the tw, china billionaires😅
Sound in technical knowledge, but ‘prata” in strategic opinion…
I think given singaporeans wealth, COE must at least be 500k 😅 with a 10 year depreciation to absolute $0. I would recommend ABSD at 99%
没有中文
敬请期待 ;)
Pick your brains? 😅 Plick your brains?😅