Popular Holdings

[freedom]

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

[KopiKat]

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?

[pianist]

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

[CY09]

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

[KopiKat]

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...

[CY09]

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?

[KopiKat]

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.

[freedom]

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.

[pianist]

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?

[KopiKat]

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.