En-bloc veteran reveals the cause of soaring land prices! | NOTG

The PropertyLimBrothers team delves into how developers purchase land, specifically through en bloc sales. To help us understand, we brought in en bloc expert, Mr. Karamjit Singh, CEO of Showsuite and Delasa, to share his insights on this hot topic amongst private property owners. Breaking it down to 3 different perspectives, see through the lenses of existing owners in project with en bloc potential, learn what attracts developers to bid on specific land plots, as well as the risk involved, especially for individual retail home purchasers. With attributes like GFA and ABSD, strap in and find out what are the many factors that influence the en bloc market, all on this week’s episode of Nuggets On The Go Banter Series! 00:00 Introduction 03:11 When does en bloc happen? 05:12 Karamjit real estate journey 06:33 Will there be another huge en bloc that will happen? 07:52 En bloc sale for Mandarin Gardens & Braddell View 09:51 En bloc sales process (For Existing Owners) 14:43 How many years is a cycle? (Mega & Mini) 16:54 Remaining HUDC properties 19:22 Will a developer prefer GLS over en blocs? 20:52 2023 GLS New Launches 21:15 GLS pricing prediction 28:58 Does it take a lot of effort for the current owners? 34:25 Number of Sales Committee 37:20 What should you do if you're an home owner in Euro-Asia Park? 42:32 What profit margin do developers prefer before moving forward with an en bloc? 47:37 What attract developers to bid for a project? 53:00 Only one bidder for Lentor Gardens 57:42 Are mixed use development projects more attractive for developers? 1:02:25 Being a first owner does it factor into en bloc sales? 1:05:27 How long is the tender open for? 1:06:43 Third time is the charm for en blocs 1:11:49 Pricing for Landed, Private, and HDB 1:23:15 US Bank Crisis 1:26:53 Will home ownership reduce in the future? 1:29:42 Advice for young people 1:33:21 Conclusion 1:34:19 Bloopers #PropertyLimBrothers​ #notg #podcast --------------------------------------------- List of Links PLB Our Main Website: https://www.propertylimbrothers.com/ YouTube:    / @propertylimbrothers   Facebook:   / propertylimbrothers   Instagram:   / propertylimbrothers   TikTok: https://www.tiktok.com/@propertylimbr... NOTG Website: https://www.propertylimbrothers.com/n... YouTube:    / @notgmelvinlim   PLB Insights Website: https://www.propertylimbrothers.com/r... YouTube:    / @plbinsights   Facebook:   / insightsbyplb   Instagram:   / insights_plb   Webinars: https://www.propertylimbrothers.com/w... PLB Landed Convention Sign-up: https://www.propertylimbrothers.com/l... Melvin About Melvin: https://www.propertylimbrothers.com/o... Facebook:   / melvinlimwk   Instagram:   / melvin_propertylimbrothers   LinkedIn:   / melvin-propertylimbrothers   TO LIST YOUR PROPERTY https://www.propertylimbrothers.com CONTACT PLB HOTLINE AT https://wa.me/6597457388 NUGGETS ON THE GO Spotify: https://spoti.fi/3u8UFsR Apple Podcast: https://apple.co/3cvBaEH SOFA SO GOOD Spotify: https://spoti.fi/2PdqqSs Apple Podcast: https://bit.ly/plb-sofasogood Disclaimer of NOTG Podcast: https://propertylimbrothers.com/discl... "This podcast is for informational and entertainment purposes only. The views and opinions expressed on this podcast are solely those of the host and guests, and do not necessarily reflect the views, opinions or positions of any individuals, organizations or companies mentioned or discussed on the show. The content provided on this podcast is not intended to and does not constitute legal, financial, or professional advice, and is not a substitute for professional advice. Listeners should not act upon any information provided on this podcast without seeking advice from a professional. The host and guests on this podcast make no representations as to the accuracy or completeness of any information on this show or found by following any links mentioned on this show. The host and guests will not be liable for any errors or omissions in this information nor for the availability of this information. The host and guests will not be liable for any losses, injuries, or damages from the display or use of this information. Listeners of this podcast assume all risks and responsibilities for any actions taken based on the information provided on this podcast. The host and guests disclaim any liability for any claims or damages that may arise from reliance on the information provided on this podcast."