Long House site: Brought for $678,000, sold for $45.2m

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#1
Long House site: Brought for $678,000, sold for $45.2m - ST Cheryl Ong

1,575.6 SQ M @ $888 psf
Purchaser: TEE Land



A Life not Reflected is a Life not Worth Living.
感恩 26 April 2019 Straco AGM ppt  https://valuebuddies.com/thread-2915-pos...#pid152450
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#2
Wow, when did they buy the house for $678,000 ? 50 years ago ?
Specuvestor: Asset - Business - Structure.
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#3
(09-01-2014, 12:40 PM)cyclone Wrote: Wow, when did they bought the house for $678,000 ? 50 years ago ?

It's actually a food centre.

[Image: longhouse07e.jpg]
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#4
The one near Thomson plaza..?
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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#5
Tee Land going to tear down the food centre. Long House from old Jalan Besar stadium to Upper Thomson Rd.



**The said freehold site occupies a land area of approximately 1,575.6 sq m, and is zoned under
the 2008 Master Plan for Commercial & Residential use with a maximum plot ratio of 3.0. The
Company intends to re-develop the Property into a commercial cum residential development.**

http://infopub.sgx.com/FileOpen/TEELand_...eID=270084
Not a call to Buy or Sell

Mr Bump: All I Can Smell Is My FEAR
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#6
this is another example. Work whole life, yet the most valuable is the property.
other examples like CK Tang & YHS.

BTW CK Tang basement quite happening. After privatisation.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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#7
I used to eat the prawn noddle in the long house.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#8
(09-01-2014, 01:50 PM)opmi Wrote: this is another example. Work whole life, yet the most valuable is the property.
other examples like CK Tang & YHS.

BTW CK Tang basement quite happening. After privatisation.

Quite sad that Long House will be gone and replaced with yet another tasteless mass market development with the attendant food court.
You can count on the greed of man for the next recession to happen.
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#9
1980s - One A&W restaurant
1900s-2000s- Many stalls, one foodcourt
In the near future - Many shops, many residential units
2030 - Plot ratio increased to 80.0, thus 80 storeys fully maximized with multi storey carpark, no space wasted.
5 storeys of carpark, 10 storeys of commercial space, 65 storeys of residential units.
1 floor 20 units of 60sqm each, able to house 80pax per floor or 5200 pax for the residential units.
Add 40 shops per floor and you get 400 shops.
2060 - Underground space becomes all the range. Another 40 storeys being added underground.
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#10
Lavender food court will be gone by year end too.
Not a call to Buy or Sell

Mr Bump: All I Can Smell Is My FEAR
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