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who is that idot who want to sell his THE SAIL condo to me at $1200 psf ?

madmansg

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Price- implied capital value of CCT’s office portfolio

Unitholders' Equity @ Sep 08 4,382.8
Market cap @ $1.02/unit 1,421.2
Difference (1) 2,961.5
Combined value of office buildings on balance sheet (2) 5,293.1
Implied value of office buildings (2) - (1) 2,331.6
Net lettable area of office portfolio (sq ft) 2,678,325
Price-implied cap value for office properties ($psf) 870.5
 
When tsunami come, even 60th storey cannot escape :D
 
how about use sail condo for foreign worker dorm

can hold 60 floors of foreign workers, not bad, no need build in serangoon gardens
 
then THE SAIL sixty floor of ar neh construction workers can wave at their cousins bankers in the sixty floors in Raffles Place.
 
who's that idiot who tried to sell..... umm, my guess is, a very money-minded idiot.

volatile mkt means, we may see occupants of THE SAIL doing airbourne from their fantastically over-priced non-freehold pigeon holes.
 
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