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 Golf course lease announced- Keppel not offered new site

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Sandypar
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PostSubject: Golf course lease announced- Keppel not offered new site   Sun Feb 16, 2014 6:20 pm

http://www.mlaw.gov.sg/news/press-releases/golf-club-announcement.html
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Phosphorence
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Sun Feb 16, 2014 8:41 pm

Thanks for the info.  Wonder why it comes from MinLaw, i thought it would have been announced thru URA ?
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chien
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Sun Feb 16, 2014 9:14 pm

SLA is under Min Law

All land matters under the purview of SLA unless allocated for other uses like ECDA for childhood education purposes etc....
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Itsuki
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Sun Feb 16, 2014 9:35 pm

What will happen to the Keppel members then? Wil they be compensated in any form?
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poresia
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Sun Feb 16, 2014 10:09 pm

I was told if a club lease is up n not extended. All the $ in their funds will goto charity. 

Wonder if it's true and will apply in this case.
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jetster
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Sun Feb 16, 2014 10:16 pm

Guys I just realised Changi is extended. Isn't Changi the very old course with cow grass?? Expensive some more...
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Turbo
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Sun Feb 16, 2014 10:37 pm

Itsuki wrote:
What will happen to the Keppel members then? Wil they be compensated in any form?

They'll not be compensated ... It is in the fine print of the contract ...

However, the members might be offered an alternative social club (not a golf club).


Last edited by Turbo on Sun Feb 16, 2014 11:23 pm; edited 1 time in total
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poresia
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Sun Feb 16, 2014 10:46 pm

With today living standard, social club does not appeal as much as 10 years ago bcos almost every condo have swimming pools, gym n tennis courts.
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jmchan
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Mon Feb 17, 2014 7:42 am

Correct. When lease terminates, all the balance goes to charity. That's why Keppel should start benefitting their members by waiving their monthly subscription.
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InTheHole!
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Mon Feb 17, 2014 9:30 am

I have been a Keppel member for some years now, bought the membership at the "previous" low years ago. Played plenty of golf at Keppel, at least twice a week on the weekends for 5/6 years. Hv stopped golfing now, so this news does not bother me at all. I knew that it was a matter of time, esp when Reflections and the neighbouring condos started taking shape.

Like all things in life, a good thing must come to an end..... and your "happiness" is determined how you deal with such "set backs" and  developments. For me, it means more time with family and other less time consuming sports / activities.

For all my fellow Keppel Club members, its sad I know, but life must go on....
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Turbo
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Mon Feb 17, 2014 9:48 am

jmchan wrote:
Correct. When lease terminates, all the balance goes to charity. That's why Keppel should start benefitting their members by waiving their monthly subscription.

But they need money to continue to maintain the club till it expires ...
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DGman
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Mon Feb 17, 2014 10:51 am

i heard someone bought 3 Keppel membership at 9K recently hoping to make some money with top up....looks like it went up in smoke....
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nomic76
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Mon Feb 17, 2014 11:03 am

DGman wrote:
i heard someone bought 3 Keppel membership at 9K recently hoping to make some money with top up....looks like it went up in smoke....

Well, he still is able to use these membership till 2024 ....at the price of $3k for 10 years...it is still decently priced if u ask me.

In addition, he will be doing a charity deed! :p
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gomjgo
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Mon Feb 17, 2014 1:37 pm

nomic76 wrote:
DGman wrote:
i heard someone bought 3 Keppel membership at 9K recently hoping to make some money with top up....looks like it went up in smoke....

Well, he still is able to use these membership till 2024 ....at the price of $3k for 10 years...it is still decently priced if u ask me.

In addition, he will be doing a charity deed! :p
If the price is really $3K instead of $9K each, it is not only cheap but DAMN DIRT CHEAP. I will buy if someone willing to offer me that price.
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bomby
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Mon Feb 17, 2014 1:39 pm

Last para... so even though the leases for these are extended.. it will become smaller. NSRCC will lose one 9 hole + the par 3.. as I was told. not sure true or not. Have to wait and see.


Tanah Merah Country Club and National Service Resort and Country Club (Changi) will also be offered new leases.  However, their courses will become smaller as parts of the sites will be affected by Changi Airport’s expansion plans, the details of which will be announced separately.
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shimizu.toruk
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Mon Feb 17, 2014 2:12 pm

I heard for NSRCC, Air Force + Par 3 will be gone
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Sandypar
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Mon Feb 17, 2014 3:58 pm

if you look at the Q&A session the minister had with the various clubs, SICC was suppose
to lose both courses at the Bukit location in 2021. It was a concession to let them keep the Sime
course until 2030. Wonder if original intention was to pass the lease of Sime course over to Keppel.


http://www.sla.gov.sg/htm/new/new2014/new1602_3.htm
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haragolfer
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Mon Feb 17, 2014 6:55 pm

shimizu.toruk wrote:
I heard for NSRCC, Air Force + Par 3 will be gone

it Will be gone after aug 2014.  the q and a states quite frustratingly.
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icta
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Mon Feb 17, 2014 7:42 pm

DGman wrote:
i heard someone bought 3 Keppel membership at 9K recently hoping to make some money with top up....looks like it went up in smoke....

Its 3 membership for 9k each or all 3 for only 9k??
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chien
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Mon Feb 17, 2014 8:33 pm

bomby wrote:
Last para... so even though the leases for these are extended.. it will become smaller. NSRCC will lose one 9 hole + the par 3.. as I was told. not sure true or not. Have to wait and see.


Tanah Merah Country Club and National Service Resort and Country Club (Changi) will also be offered new leases.  However, their courses will become smaller as parts of the sites will be affected by Changi Airport’s expansion plans, the details of which will be announced separately.

Yes mate..

It is very clear we have to accept that going forward less golf courses would be around, and those still around would slowly lose the luxurious huge grounds they occupy..

For TMCC case, it was already decided that if the govt cannot find an alternative site for the Club, then the Club would re configure its existing grounds for a 18 holes course. Thus, Garden will still remain but with a different layout.. Further, it was also written in the email announcement that Tampines course would be extensively renovated into a championship course.. We'll see how it goes then...  Laughing
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Phosphorence
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Mon Feb 17, 2014 8:44 pm

chien wrote:
SLA is under Min Law

All land matters under the purview of SLA unless allocated for other uses like ECDA for childhood education purposes etc....
Chien, Thanks for enlightening !
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antegg
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PostSubject: Re: Golf course lease announced- Keppel not offered new site   Mon Feb 17, 2014 10:12 pm

haragolfer wrote:
shimizu.toruk wrote:
I heard for NSRCC, Air Force + Par 3 will be gone

it Will be gone after aug 2014.  the q and a states quite frustratingly.

Sad, NSRCC's executive course is the one i go most often.  love it so much.
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