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Hi agents,

I am a shop owner at Upper Serangoon Shopping Centre. I own a few units in the development. There is a buyer going around asking some of us owners to sell. From my research the last time the enbloc price which was offered was about $1,800 per square foot per plot ratio. If the plot ratio is 2.4, does it mean that the price offered was the square feet of my unit multiplied by $4320?

In this current market does it make sense to hold out for an even higher enbloc price? Upper Serangoon Shopping Centre is a FREEHOLD white site and it has good catchment areas. The Minton just obtained it's T.O.P. and I believe mixed development is the way to go. I look at Kensington at Jalan Lokam. The prices are really high for commercial.

What is the asking price I should set for my unit at Upper Serangoon Shopping Centre? I don't mind selling it if there is a reasonable price but the price should also take into consideration that the development has good potential.
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2 Answers

Geryl Lim
Replied
Dear sir,

A private resale transaction price will usually not match the price offered during an enbloc sale, therefore I will always share with my clients to disregard the fact, and for one reason why enbloc did not materialise in the attempt does not equate to what the final transaction will be. From a money making perspective, there is always a better time to sell, therefore I always ask my clients what their objectives are. If a project you invest in can give you a return of $100k returns within 6 months, will you sell it if this project can return you a profit of $300k more if you hold out for another 12 months? Some investors opt for the 6 months return for they can make use of these profit to other investment portfolios which may give better returns on the whole. The most realistic way to determine a pricing will be checking an indicative bank valuation.

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Geryl LIM

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Ander Ang
Replied
Dear sir,

I have a buyer interested to purchase the units in upp serangoon shopping centre.

Please call me at 98628691  to discuss.

Thanks.
Ander Ang
DTZ Property Read More
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