Thursday, October 25, 2007

Earplugs In Shortage, Panic Fills the Streets.


Official Unofficial Image Taken Off http://www.formula1.com/news/headlines/2007/10/7040.html

Quote: "Formula One racing’s governing body, the FIA, has confirmed the 2008 Singapore Grand Prix will take place at night as planned. The inaugural Singapore event, to be held on a new street circuit in the Asian city, is scheduled to take place on September 28. ".

Property Leak's Super Safe Sound Advice #1: Buy Options for Earplugs, Ear Mufflers. Flip in September '08.

Wednesday, October 24, 2007

The Sky Has Fallen! Jardin Launches!

The Jardin has FINALLY FRICKIN launched after more then half a year's 'launching this weekend'. For the past few weeks I've been noticing workmen adding the final touchups to the showflat while on my way home and I guess that adds up.

But for $1950psf upwards, thats surely a mighty blow to any pocket - though it will mean good news to Maplewoods, and the super undervalued Blossomvale (which has an amazing view of Bukit Timah Hill).

Heard that the showroom is mighty impressive and personally would like to drop by.

Sui Generis Launches; Taxi Driver Vocab Expands


Defying the limits of Taxi Driver Vocab are Kajima Overseas Asia Pte Ltd & United Engineers Developments Pte Ltd with the Sui Generis.

Located at Balmoral, this project was given a mention earlier in the year after The Great Rochester Fiasco. That aside, things in Balmoral are moving and I'm keeping this area under my radar - it was also announced today that
HIAP Hoe and sister company SuperBowl Holdings has bought a piece of Freehold land at Balmoral.

Wikipedia: Sui generis (English pronunciation (IPA) or ) is a (post) Latin expression, literally meaning of its own kind/genus or unique in its characteristics.

Monday, October 22, 2007

Lumos - I didn't Get Invited



So I was told that I wouldn't (and couldn't) get invited to the Lumos Preview along Orchard, because my usual banker isn't part of this little coup. Apparently only Maybank, Citibank and HSBC bankers get to invite their clients to the preview. For that, Koh Brothers Group Limited & Heeton Holdings get a special place in my Little Black Book.

Whining aside, expect to cough up 3-3.5k psf to live in a giant jewel case.

If someone gets their paws on the floorplans/brochure for this one, please email me at realgossip@gmail.com.

Friday, October 19, 2007

Park Natura - Launching!



Hear ye' mass market peoplings! The Dukes and Duchess's had their fill in District 9, now feed on them scraps on the outer-outer-fringe areas - such as Bukit Batok and the latest project there, Park Natura from UIC!

Expertly guestimated to launch soon at around a 'modest' $900-1000psf by my agent, I would buy an older 99yr leasehold along East Coast anyday. Well for those enblocced people desperately looking for an affordable home, ho hum....just learn to suck it up and move on.

Be Warned!

Tuesday, October 16, 2007

Mdn Gardens 85% Says Yes; The Circus Begins!



One of my friends staying over at Mandarin Gardens today told me today that 85% of Mandarin Gardens has said Yes - well for the moment only to the forming of a sales committee.

While this is positive news to investors at my favourite project in District 16, I believe this might be a long and difficult process especially with over a thousand units within.

  • Scale: The larger projects are, the more difficult to handle. Imagine getting 800 people to agree on a single thing.
  • Timing: What if 80% of 1000 residents finally says yes to enbloc but no developers are interested then? It's almost 2008 already.
  • Cost: Giving there are a thousand units, and a higher potential for development (up to 36 storeys, from 23 now) this has to be a very brave developer, or a joint project (1000 units x est. $1500psf = $1.5b just for land!!!).
  • Sentimental Reasons: This is an old development with quite a number of old residents within. Some might not want to go.
On a lighter note, my friend added that along with the 400 civil Mandarin Garden Residents present, the usual enbloc crowd also invited themselves: Cat Call, Wolf Whistle, Jeer, Boo, Yelling and Name Calling.

As a benchmark, it took 2 hours for the present residents to amend a single typo.

Aalto Launches, District 15/16 Gains Momentum Again



The former Eastern Mansions in District 15 has finally launched over the last weekend (okay so I was a little busy and couldn't update). Prices range from a pretty affordable 1550psf to 2500psf, probably bringing the area to a new high if any of them penthouses are sold.

Me agent tells me I will get floorplans soon, but haven't heard from him for abit. Probably busy selling units there and making a big fat sum.