#SGPropLaunch feels excited when the news reported that #MandarinGardens has moved a step closer to the #Enbloc with 80% minimum support from the owners. The developer is expected to nail the deal but not without a possible bill of more than S$4B to redevelop this mega development. Factoring in the D.C of S$1.28B, we could expect the potential selling price of close to S$2,300psf when this giant #99YearsLeaseHold land gets tendered off. The constraints of having majority units having #SeaView would be a major challenge when planning for the development layout. The other factor would be the timeline for developer to completely sell off all the units within 5 years timeframe is a risk that the bidder would have to consider. A step closer to #Enbloc of #MandarinGardens meant good news to our buyers of #SeaSideResidences which is only selling at avg. S$1,750psf. With a gap of S$500psf, #SeaSideResidences owners would be potentially having a instant gain of between 15%~20% #CapitalGain once #MandarinGardens tender is awarded in est July 2018. With the upcoming #SiglapMRT that is within #3mins walk enhance the sense of buying #SeaSideResidences. Only less than 30units available in #SeaSideResidences are available, do not miss out this chance to make a decent #Gain. Call #Danny92277224 to view #SeaSideResidences Now. Read More https://www.channelnewsasia.com/news/singapore/mandarin-gardens-owners-approve-2-5-billion-price-en-bloc-sale-10075284 (at Singapore)
