The Team SRI5000 Realtor’s Experience

People have been asking me questions about SRI5000 and what is it really all about as a group in an established real estate firm like SLP, a strong leader in commercial and light industrial launches.

I would simply just ask them to add myself or any of our SRI5000 Team Realtors as a friend on Facebook to have a first hand experience of the spirit and the nature behind an outstanding team force in the Singapore real estate industry.

The Mentors

Every team members are mentors in SRI5000


Its scary but true. Everybody is a mentor in SRI5000. Even as an experience Realtor, you have people who are joining us having creative plays in their marketing and their closings which is refreshing since I am constantly learning from the group which has never stopped evolving. Continue reading “The Team SRI5000 Realtor’s Experience”

Eunosville HUDB Estate Privatised


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Press release from HDB with regards to the privatisation of Eunosville,

The Eunosville HUDC Estate has been converted into a strata-titled property under the Land Titles (Strata) Act, with effect from 1 June 2011.

The Marine Parade Town Council will therefore cease its responsibility in the management and maintenance of the common properties of the estate with effect from 1 Jun 2011. The Management Corporation Strata Plan No. 3642 is also constituted on the same day to manage and maintain the common property of the estate.

Eunosville estate comprises 330 units of flats at Blocks 822, 824, 826, 828, 830, 832, 834, 836, 838 and 840 Sims Avenue. With the privatisation, the individual owners in the estate now own their respective strata units, as well as the common property such as the car parks and open landscaped areas, as tenants-in-common.

Privatisation of HUDC estates was announced in 1995 as part of the Government’s effort to meet the rising aspirations of Singaporeans to own private housing. It also enables the lessees to have better control over the management of their estate. Privatisation will proceed if lessees of at least 75% of the flats support it.

News of privatisation for Eunosville has been ongoing for a couple of years with some residents citing difficulty in coughing out $30,000 privatisation fees previously.

I suppose its one of the best time for them to get into the position since the big developers are low on their land banks. Another en bloc move underway?

Prepare for Changes in Housing Policies

Mr. Khaw Boon Wan, the new Minister for National Development

Newly sworn in Minister for National Development Mr. Khaw Boon Wan, former Health Minister who has replaced Mr. Mah Bow Tan has pledged in his final outgoing blog post as a Health Minister to make housing and HDB Singaporeans popular icon again.

I am only driven by one thought: housing is one of the greatest achievements of Singapore, and our pride. It is very sad to see it being hammered left, right and centre in the lead up to and during GE.

I am determined to make housing and HDB Singaporeans’ popular icon again.

Please help me, my friends.

It is going to be interesting to see what kind of policies will Mr. Khaw introduce since HDB forms up 80% of heartlander’s stay. It’s quite safe to say that any new changes that is going to be introduced into the system will be tough to adjust the current prices. Mr. Mah Bow Tan has tried increasing the supplies of flats, introduced harsher seller’s stamp duty rates during his course, but the median Cash Over Valuation (COV) hasn’t seem to revise downwards too much.

Of course supplies that has been introduced will take time on the system on the price action since they’re just in the pipes which hasn’t been built yet. Any changes done now will fiscally alter the prices once the supplies are in the market.

Also, should the policies be too drastic, foreign investors would probably slow or halt their investment portfolio in Singapore. If Mr. Khaw could just tilt his policies more to adjust the public housing woes for the mid-tier families instead of affecting the free market on private housing, it would be perfect.