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 ST (6 May): (OCC) Club defers transfer fee hike after petition

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scotty2010
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Posts : 54
Join date : 2010-03-09
Age : 57
Location : East

PostSubject: ST (6 May): (OCC) Club defers transfer fee hike after petition   Thu May 06, 2010 9:08 am

"It was announced on Tuesday that the new $20,000 fee will kick in only on April 1 next year."
Club membership broker, K S Yip, on whether the value of the club membership is likely to rise with the transfer fee increase: 'Singaporeans are a funny lot. When something becomes more expensive, it also becomes more desirable to them."

How true! Same for cars & properties.

Do you think it's a good time to buy OCC m'ship?
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oned10t
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Join date : 2009-09-15
Location : singapore

PostSubject: Re: ST (6 May): (OCC) Club defers transfer fee hike after petition   Thu May 06, 2010 9:11 am

scotty2010,
if you buy, can tag along?
occ is a nice course to play
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daveaha
Course Marshal
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Join date : 2009-06-22
Age : 40
Location : Singapore

PostSubject: Re: ST (6 May): (OCC) Club defers transfer fee hike after petition   Thu May 06, 2010 9:12 am

How much the membership now ? I heard the lease is going to end in 13 years time ?
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scotty2010
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Join date : 2010-03-09
Age : 57
Location : East

PostSubject: Price   Thu May 06, 2010 9:30 am

ST says, "The going price for a membership at the club, is between $43,000 and $50,000. The club currently has about 4,000 members."
"The membership fee at launch was about $100,000 when golf club prices were at their peak."

Saw one ad on eBay going for $55K.
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dodo
Newbie Golfer
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Posts : 63
Join date : 2009-12-04

PostSubject: Re: ST (6 May): (OCC) Club defers transfer fee hike after petition   Thu May 06, 2010 9:38 am

$55k? really, any takers please PM me, I am selling mine before the hike to $20k. Hopefully can get rid of it b year end before the ultimate watershed in the markets.

I finally decided that to drink milk, there is no need to own a cow, unless one also desire the "prestige" of owning a club membership, in that case OCC is not the correct one either. NTUC union members can play there, quite frequently I have even single ball joining my flight on day passes and pay the daily green fees.
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Duval_S
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Posts : 8185
Join date : 2009-06-19

PostSubject: Re: ST (6 May): (OCC) Club defers transfer fee hike after petition   Thu May 06, 2010 10:15 am

Quote :
scotty2010 wrote:
"It was announced on Tuesday that the new $20,000 fee will kick in only on April 1 next year."
Club membership broker, K S Yip, on whether the value of the club membership is likely to rise with the transfer fee increase: 'Singaporeans are a funny lot. When something becomes more expensive, it also becomes more desirable to them."

How true! Same for cars & properties.

Do you think it's a good time to buy OCC m'ship?



Of coz if wallet permits....its a great buy...it has 3 x 9 holes....and good ones too. moreover with it being so linked to Garmen....renewal of land lease (if needed) is not a problem.
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Roystonnn
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Posts : 1324
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Age : 35
Location : Sometimes Serangoon Sometimes India

PostSubject: Re: ST (6 May): (OCC) Club defers transfer fee hike after petition   Thu Jun 24, 2010 8:43 pm

My colleague wana buy OCC membership however, he is currently a foreigner waiting for PR.
Foreigner would have to pay about $10k higher than locals but he is wondering whether the $10k will be returned to him when he got his PR.

Any idea?
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