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 JCC to go....

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Nam Flog
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PostSubject: Re: JCC to go....   Tue May 12, 2015 5:03 pm

flashpacker wrote:
coe16arg wrote:

No la, the 9-hole course at Orchard Road will never be taken back by SLA.
Unless one is a resident or friend of the Istana, ordinary folks like us don't get to play there.

Bro Flash, you didn't click the link to get the joke.
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coe16arg
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PostSubject: Re: JCC to go....   Tue May 12, 2015 5:16 pm

Nam Flog wrote:
flashpacker wrote:
coe16arg wrote:

No la, the 9-hole course at Orchard Road will never be taken back by SLA.
Unless one is a resident or friend of the Istana, ordinary folks like us don't get to play there.

Bro Flash, you didn't click the link to get the joke.
Very Happy

Actually hor, come to think of it...every public holiday, they will do open house at istana...so why not we all petition to Mr Prez to open up the course for booking on certain days of the month also. Laughing
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flashpacker
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PostSubject: Re: JCC to go....   Tue May 12, 2015 7:53 pm

Nam Flog wrote:
flashpacker wrote:
coe16arg wrote:

No la, the 9-hole course at Orchard Road will never be taken back by SLA.
Unless one is a resident or friend of the Istana, ordinary folks like us don't get to play there.

Bro Flash, you didn't click the link to get the joke.

Namflog bro, sorry catch no link

scratch

Feel sorry for all JCC members. Initially, the thought is the club should be safe as the lease runs out in 2035, and  the $25m reno just went kapooh

In the same breath, our freehold, 999- or 99-year lease for housing can be gone anytime. There's not much to plan for the long term.
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nutty88
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PostSubject: Re: JCC to go....   Fri May 15, 2015 4:03 pm

Un un un un un beliveable............
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Turbo
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PostSubject: Re: JCC to go....   Sun May 17, 2015 1:10 pm

So the contractual term - Free Hold is all BS! If the authority wants that piece of land back for economic infrastructure development, you have to sell back to them at "prevailing rate". Not sure if the authority dictates the prevailing rate. That maybe one reason as to why our authority does not allow foreign ownership of landed property due to the obvious ...
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chien
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PostSubject: Re: JCC to go....   Sun May 17, 2015 3:58 pm

It's a fact Turbo.. Govt has all the right to take back whatever land you're sleeping on..

But foreign ownership of landed properties is a different n separate matter mate.. 
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DLWL
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PostSubject: Re: JCC to go....   Sun May 17, 2015 5:08 pm

There was already word that the new HSR will be either tuas or JE. Raffles CC was lucky as their application for course renewal was on hold due to selection of site. JCC on the other hand was a few years too early. Suay lo. But thats life. Land acquisition for National development has been on going for years. Nothing new. In most cases enbloc by gov, those being acquired are better compensated den market rate.
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flashpacker
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PostSubject: Re: JCC to go....   Sun May 17, 2015 5:45 pm

When ah gong wants, ah gong takes.
Regardless of tenure, leasehold, or what not..
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Kaii
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PostSubject: Re: JCC to go....   Sun May 17, 2015 6:30 pm

when was the last time land acquisition for National development is compensated better than market rate?
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DLWL
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PostSubject: Re: JCC to go....   Sun May 17, 2015 9:36 pm

Kaii wrote:
when was the last time land acquisition for National development is compensated better than market rate?
This year.

Tanglin halt enbloc. Each resident get 30-50k higher den market.
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Kaii
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PostSubject: Re: JCC to go....   Sun May 17, 2015 11:53 pm

I do not know about HDB enbloc
I have not heard private residential or commercial landed properties being compensated higher than prevailing market rate for national development.
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DLWL
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PostSubject: Re: JCC to go....   Mon May 18, 2015 12:25 am

Kaii wrote:
I do not know about HDB enbloc
I have not heard private residential or commercial landed properties being compensated higher than prevailing market rate for national development.

Plenty happening recently.
People's park area for Thomson/Downtown line.
JCC for HSR.

Just gotta keep your eyes open for news to know exactly, I dun venture to say I know for sure.

But then again. im pretty sure no matter how much is given. People will still complain.Such is life.
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Kaii
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PostSubject: Re: JCC to go....   Mon May 18, 2015 12:52 am

likely the compensation will be disappointing as most of the tines is left hand give n right hand take more
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TDO
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PostSubject: Re: JCC to go....   Mon May 18, 2015 9:57 am

Things like his happen when you are staying on borrowed land. My friend told me he paid $150k when he joined in the 1980s. And now something like this happened. What more with 19 years lease to go before it lapsed from 2016.


You can never know the fate of golf courses in Singapore. One moment you feel secured with the long lease balance and the next moment it's gone.
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NY
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PostSubject: Re: JCC to go....   Mon May 18, 2015 10:10 am

Feel sad for your friend TDO.  But look on the bright side if your friend played every weekend for the last 30 years or more,  he or she already break even or now play for free.
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TDO
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PostSubject: Re: JCC to go....   Mon May 18, 2015 11:34 am

He is now a very angry man, so are the rest of the members, after receiving the shocking news.. It's so unpredictable in Singapore. He play fortnightly. Even then, it's not cheap as have to consider the monthly subscription and tips for the caddie too after each round. Golfing in Singapore is not cheap. Personally, I am not a fussy golfer. As long as there's opportunity to play and within my budget, I will play. My pockets are not deep enough for prestigious golf membership.. Very Happy
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enwee
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PostSubject: Re: JCC to go....   Mon May 18, 2015 11:44 am

JCC?? Look at those back then who bought Palm Resort and Pulai Spring. Some paid 200+K RM back then, now? Give also no one wanna take.
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Turbo
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PostSubject: Re: JCC to go....   Mon May 18, 2015 11:46 am

Golf & Country Club is no longer a good investment ... Neutral
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flashpacker
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PostSubject: Re: JCC to go....   Mon May 18, 2015 12:35 pm

The future of golf in Sg is rooftop golf range in a cage at a mall, or underground golf simulators.
Like Japan.
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TDO
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PostSubject: Re: JCC to go....   Mon May 18, 2015 12:39 pm

enwee wrote:
JCC?? Look at those back then who bought Palm Resort and Pulai Spring. Some paid 200+K RM back then, now? Give also no one wanna take.
I was ex-Pulai Springs member. Paid S$32k for it in the mid 1994 and became worthless after they open it to public. I gave up the membership in year 2001.  Crying or Very sad
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chien
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PostSubject: Re: JCC to go....   Mon May 18, 2015 8:30 pm

Agree golf clubs are gonna be very tricky as investments. .

But if you look beyond 2030 or so,  how many clubs would still be around. .. i think less than half the current number?  If such situation occurs,  then each game gonna be very pricey and membership fees most likely to be at a higher premium. . 

What would we do now if we know for example RCC gonna be 100k in 2030? 

Just look at Hong Kong and Tokyo for some kind of comparison. .
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flashpacker
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PostSubject: Re: JCC to go....   Mon May 18, 2015 9:34 pm

Price aside,
What should one expect when choosing a club say Raffles, Warren, SICC, Tanah Merah, Laguna, etc?

Eg for Raffles, expect heavy traffic to Tuas on AYE in the mornings, and towards city late afternoons
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jmchan
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PostSubject: Re: JCC to go....   Mon May 18, 2015 9:44 pm

The key to buying a club is really to make sure you have kakis to play with. Whilst you can make friends by joining flights, there is nothing like having your own gang of golfers!
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flashpacker
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PostSubject: Re: JCC to go....   Tue May 19, 2015 1:09 pm

jmchan wrote:
The key to buying a club is really to make sure you have kakis to play with. Whilst you can make friends by joining flights, there is nothing like having your own gang of golfers!

Agree. Sometimes not all kakis join the same club. 
So got to find another group of kakis for a different club.
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TDO
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PostSubject: Re: JCC to go....   Tue May 19, 2015 1:20 pm

All is not lost. If half the golf clubs in Singapore close, JB would be the next best option. But hor, by 2030 I would have given up golf ler.  Very Happy
Swing On Green Swing
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