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(27-01-2014, 07:49 AM)freedom Wrote: Isn't Ho Bee stuck high end?
how is the Sentosa Cove going on these days? Thought Ho bee still has hundreds of units unsold(wholly owned or within joint venture)?
Yes. HoBee also stuck Sentosa Cove. But not as leveraged.
Dont know if their Sentosa Cove condos is under QC or not?
If yes, need to pay for extension 2 years after TOP
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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IIRC, sentosa cove is a jv.
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(27-01-2014, 12:04 PM)opmi Wrote: (27-01-2014, 07:49 AM)freedom Wrote: Isn't Ho Bee stuck high end?
how is the Sentosa Cove going on these days? Thought Ho bee still has hundreds of units unsold(wholly owned or within joint venture)?
Yes. HoBee also stuck Sentosa Cove. But not as leveraged.
Dont know if their Sentosa Cove condos is under QC or not?
If yes, need to pay for extension 2 years after TOP
QC do not apply to Sentosa Cove, so no penalty if decide to keep forever
moreover for SentosaCove, developer can also lease out completed units,
for "normal projects" on mainland Spore, Developers who are "QC holders" are NOT allow to lease out completed units, + must pay QC extension penalties if fail to sell off entire project by the relevant 5~7yrs deadline.
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(27-01-2014, 12:28 PM)Vseeker Wrote: QC do not apply to Sentosa Cove, so no penalty if decide to keep forever
moreover for SentosaCove, developer can also lease out completed units,
for "normal projects" on mainland Spore, Developers who are "QC holders" are NOT allow to lease out completed units, + must pay QC extension penalties if fail to sell off entire project by the relevant 5~7yrs deadline.
hi Vseeker, how is the 5-7 year deadline measured?... as in is it like 5-7 years after TOP or something?
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(27-01-2014, 12:33 PM)safetyfirst Wrote: (27-01-2014, 12:28 PM)Vseeker Wrote: QC do not apply to Sentosa Cove, so no penalty if decide to keep forever
moreover for SentosaCove, developer can also lease out completed units,
for "normal projects" on mainland Spore, Developers who are "QC holders" are NOT allow to lease out completed units, + must pay QC extension penalties if fail to sell off entire project by the relevant 5~7yrs deadline.
hi Vseeker, how is the 5-7 year deadline measured?... as in is it like 5-7 years after TOP or something?
For residential lands acquired after 08-Dec2011 (cover both GLS & private en bloc)
=> must complete and sell all units within five years or face various penalty eg. various QC extension penalties for each year of extension to sell remaining unsold units and developer may also kenna a 10% ABSD for the acquired land.
for GLS residential lands acquired before Dec2011, most project are allow a 5yrs PCP and further 2 years after TOP to sell all units => so generally had add up to 7 yrs to do so.
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thank you 
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(27-01-2014, 12:41 AM)opmi Wrote: RE: Top five developers to watch in 2014
some observations of SG developers
Net seller - CDL
Still playing -FCL solo, Oxley, Kingsford.
Backside itchy - Wheelock (AMK Panorama site)
Not playing - Ho Bee, Eastern Holdings, Fragrance,
Playing it safe via JV- Integrated developers aka former construction companies (LianBeng/KohBros/Heeton/HiapHoe)
Selective plays - Capitaland/Keppel
Stuck High End - Wing Tai, SC Global/Wheelock/OUE
Too much money - China Sonangol
Very good summary in a nutshell...
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(28-01-2014, 08:59 AM)godjira1 Wrote: (27-01-2014, 12:41 AM)opmi Wrote: RE: Top five developers to watch in 2014
some observations of SG developers
Net seller - CDL
Still playing -FCL solo, Oxley, Kingsford.
Backside itchy - Wheelock (AMK Panorama site)
Not playing - Ho Bee, Eastern Holdings, Fragrance,
Playing it safe via JV- Integrated developers aka former construction companies (LianBeng/KohBros/Heeton/HiapHoe)
Selective plays - Capitaland/Keppel
Stuck High End - Wing Tai, SC Global/Wheelock/OUE
Too much money - China Sonangol Very good summary in a nutshell... what about UOL?
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(27-01-2014, 12:41 AM)opmi Wrote: RE: Top five developers to watch in 2014
some observations of SG developers
Net seller - CDL
Still playing -FCL solo, Oxley, Kingsford.
Backside itchy - Wheelock (AMK Panorama site)
Not playing - Ho Bee, Eastern Holdings, Fragrance,
Playing it safe via JV- Integrated developers aka former construction companies (LianBeng/KohBros/Heeton/HiapHoe)
Selective plays - Capitaland/Keppel
Stuck High End - Wing Tai, SC Global/Wheelock/OUE
Too much money - China Sonangol Missed out FEO, they started going from solo to JVs and are now onto industrials. Sometimes I feel the rest of the developers are just following them.
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