Chitchat Singaporean Owners Hammered India Indians (Part 2)

[ckmpd]

Let's hope soon, some PAP scion gets her pussy curried and filth up by the unruly animals they import in.

did AGC and SPF help india indian law breakers?

 

[Papsmearer]

Looks like you are sitting on a good investment.

At a recent launch at Seaside Residences which is next door to mandarin gardens, 85% of the launched units were snapped up on the 1st weekend at an average price of $1700 per sq ft. Frasers Centrepoint is holding on to the better units which will be launched later and analysts expect that to sell at least $1800 per sq ft

I know. I bought at that time, quite a bit under $1000 psf. but I am not buying these 99 year leasehold anymore. My holdings are now in landed property and freehold condos. Last year when the market was down, you could pick up freehold condos for around $900 PSF. older units but still a good price. Now price come up a little bit. The more and more apuneh start renting in MG and turn it into Little Mumbai, the higher the chance that all the unit owners will just get fed up and approach a developer to en bloc. But the URA which holds the land lease has to agree to top up the lease back to 99years. The land size is big for MG, and it has 1000 units. I think another 500 units can be added if a developer bought the units in an en bloc and applied for higher density.

The fact is that the zikapore property market is very conservative. And many developers have grown fat and lazy. Many developers avoid projects like MG because they have been told by URA there will be no top up to 99 years again. However, I think this is not the right way to look at it.

1) HDB is already using the Lease buy back scheme to chop 99 year HDB leases down to 65 years or so. There is really no need for a 99 year lease because a human lifespan is not that long.
2) There is no need for a 99 year lease because even a well build project like MG will see obsolescent, maintenance issues and what not by year 50.
3) Other countries like HKG and China only give 60 years leases and people are fine with that, because that is basically the lifespan of a human after he buys a unit.

Due to all these factors, an innovative developer could try and offer en bloc to the MG owners. Its 31 years old now. Then tear it down and build 1500 units. URA will tell them they will not top up, but so what? After the new MG is build, there should still be 65 years left on the lease. If they sell the new 1500 units at $1000 psf, u telling me people will not line up to buy, especially when nearby Seaside Residences sold for $1700 psf on a 99 year lease?

So, in my example (and I am using your $1700 psf because I assume u are correct) If you buy a 1000 sq ft unit at Seaside residence, you have to pay $1.7 million with the only advantage being a brand new 99 years. but if you buy the new MG, you pay only $1 million for the same size unit, but your lease is 65 years. I think you will find many takers because you are saving $700K, and you will be at the end of your life after 65 years anyway. What do you think?

 

[Papsmearer]

If they want to stay in Singapore, they have to rid themselves of their India Indian mentality and assimilate into SG

That applies for all the FT groups let in by the PAP. the fucking Tiongs. No more water festival for the Thais. The pinoys, and the Myanmar and Viets also have assimilate.

 

[Papsmearer]

Sometimes when I see these little fucking indian shitlets screaming, you just feel like stabbing them in the throat and bleed them dry.

I feel like that when I see 2 tiongs practically shouting at each other in the MRT because that's their normal way of talking.

 

[Papsmearer]

Yes. PAP brings in 3rd world foreigners to depress wages so that businesses and the rich benefit. But standard of living for the SG worker has gone down. Privatise benefits to the rich and socialise costs to the singaporean workers.

Mandarin Gardens owners can reclaim the condo for Singaporeans.

But only Singaporean voters can reclaim Singapore by voting out the pap

I guarantee you there is no need for that. There are 1000 units in MG. Lets say 75% are owned by sinkies. In this 1000 units, you can for sure find 2500 voting age sinkies. If the council got the balls to get all 2500 to sign a petition about the FT policy and bring the petition to the office of the Marine Parade GRC, those fucking PAPzis in there will wake up and shake in their panties. U think they like 2500 people voting against them in the next election? If all the owners of other apuneh infested projects like Makena got together and send such petitions to their local MPs, I tell you something will be done.

 

[Jah_rastafar_I]

Last year I sold my penthouse at Katong to a local Muslim who runs a chain of eateries although his offer was $18000 lesser than a foreign Indian PR . My Long time Neighbour is an Indian who was born and raised here , we got on very well as Neighbours for 10 years . When he saw viewers coming in and out of my penthouse , he requested me to sell it to a local if possible because he saw several foreign Indians visiting my apartment. It was not a difficult decision for me although it meant $18000 lesser , I had a tidy profit from the sale and $18000 less to please my good Neighbour is fine with me . He was so grateful that I took into account of his request . Singaporeans are close knit , we grow up here , did our NS and we respect each other. In times of hardship we help each other too.

would he have sold it for less too?

 

[ckmpd]

I know. I bought at that time, quite a bit under $1000 psf. but I am not buying these 99 year leasehold anymore. My holdings are now in landed property and freehold condos. Last year when the market was down, you could pick up freehold condos for around $900 PSF. older units but still a good price. Now price come up a little bit. The more and more apuneh start renting in MG and turn it into Little Mumbai, the higher the chance that all the unit owners will just get fed up and approach a developer to en bloc. But the URA which holds the land lease has to agree to top up the lease back to 99years. The land size is big for MG, and it has 1000 units. I think another 500 units can be added if a developer bought the units in an en bloc and applied for higher density.

The fact is that the zikapore property market is very conservative. And many developers have grown fat and lazy. Many developers avoid projects like MG because they have been told by URA there will be no top up to 99 years again. However, I think this is not the right way to look at it.

1) HDB is already using the Lease buy back scheme to chop 99 year HDB leases down to 65 years or so. There is really no need for a 99 year lease because a human lifespan is not that long.
2) There is no need for a 99 year lease because even a well build project like MG will see obsolescent, maintenance issues and what not by year 50.
3) Other countries like HKG and China only give 60 years leases and people are fine with that, because that is basically the lifespan of a human after he buys a unit.

Due to all these factors, an innovative developer could try and offer en bloc to the MG owners. Its 31 years old now. Then tear it down and build 1500 units. URA will tell them they will not top up, but so what? After the new MG is build, there should still be 65 years left on the lease. If they sell the new 1500 units at $1000 psf, u telling me people will not line up to buy, especially when nearby Seaside Residences sold for $1700 psf on a 99 year lease?

So, in my example (and I am using your $1700 psf because I assume u are correct) If you buy a 1000 sq ft unit at Seaside residence, you have to pay $1.7 million with the only advantage being a brand new 99 years. but if you buy the new MG, you pay only $1 million for the same size unit, but your lease is 65 years. I think you will find many takers because you are saving $700K, and you will be at the end of your life after 65 years anyway. What do you think?

You are savvy in property investment. Mandarin Gardens has approval from the govt to top up to 99yrs and build up to 2450 apts. It will be a huge development and may be too big for one developer to undertake. Perhaps a consortium with overseas participation will be more feasible. If Seaside Residences get $1800 per sq ft for its next launch, then I think developers will take an interest in enbloc-ing MG

 

[ckmpd]

That applies for all the FT groups let in by the PAP. the fucking Tiongs. No more water festival for the Thais. The pinoys, and the Myanmar and Viets also have assimilate.

The india indians find it hard to assimilate because of their caste mentality and because they have more numbers than the PRCs. Look at MG and you see the Northern Indians congregate together

 

[ckmpd]

I feel like that when I see 2 tiongs practically shouting at each other in the MRT because that's their normal way of talking.

same like the koreans. The japanese are very polite and civilised

 

[johnny333]

I feel like that when I see 2 tiongs practically shouting at each other in the MRT because that's their normal way of talking.

I was in the bus, sitting in front of a tiong talking on his phone or rather shouting at his phone. He was talking so loud that my ear drums actually hurt
There must be plenty of deaf tiongs from China

 

[Jah_rastafar_I]

Mandarin Gardens have no issue with other nationalities except India Indians.

I suspect that's the same with waterside, melville, tanjong rhu condo. What does this say abt India Indians?

nigger syed is a shit skin of course that fucker will protect his own shit skin kind. Shit skins are the worst compared to all other races combined.

 

[Jah_rastafar_I]

These filthy bastards are everywhere in east side, a fucking India family is an eyesore. One rapist, his desi slut, a shitlet screaming away, and they all smell like shit.

not only an eyesore these shit skins stink and sound bad making deaf and blind ppl who cannot hear or see have to smell or hear them.

 

[Debonerman]

not only an eyesore these shit skins stink and sound bad making deaf and blind ppl who cannot hear or see have to smell or hear them.

Thank God you are only half of what you've described.....LOL......LOL

 

[Jah_rastafar_I]

Thank God you are only half of what you've described.....LOL......LOL

any proof of it? Nigger scrooballs go post more on your tpx stories of teo ser luck or other ministars and get screwed by papsmearer.

 

[Debonerman]

any proof of it? Nigger scrooballs go post more on your tpx stories of teo ser luck or other ministars and get screwed by papsmearer.

You are always talking about other people's dicks while yours is limp as a noodle. LOL.......LOL

 

[mojito]

Condo owners never learn from the mistakes at Melville Park. The value has dropped by 25% after the infestations by India shit skin. Avg rental 3k x 24 mths = 72k but value plunged as much as 200k. Condo owners better think which is more stable, rent out 2k to other respectable nationalities or 3k to the cockroaches.
You reap what you sow.

This call prisoner dilemma. If I tell everybody don't rent out to Indias, I one person secretly rent out will profit! It the same with electing the PAP.

 

[Cottonmouth]

This call prisoner dilemma. If I tell everybody don't rent out to Indias, I one person secretly rent out will profit! It the same with electing the PAP.

This one house deserves to be filth up by the shitskin family of swines.

 

[ckmpd]

I was in the bus, sitting in front of a tiong talking on his phone or rather shouting at his phone. He was talking so loud that my ear drums actually hurt
There must be plenty of deaf tiongs from China

3rd world migrants bringing to SG their 3rd world behaviour

 

[ckmpd]

nigger syed is a shit skin of course that fucker will protect his own shit skin kind. Shit skins are the worst compared to all other races combined.

Singaporeans who stay at Mandarin Gardens, Waterside, Tanjong Rhu and Melville know how India Indians behaviour. No word can describe them

 

[ckmpd]

not only an eyesore these shit skins stink and sound bad making deaf and blind ppl who cannot hear or see have to smell or hear them.

They offend the sight, sound, and thoughts