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Loyang Valley CSA Update – Jul 2022
By Side Hustle Rich  •  July 17, 2022
We’re heading into the final 3 months of the year-long En Bloc process to get the 80% mandate to put our estate up for developer bids. There’s been a ton of developments since my last en bloc update in March, where I updated that we had reached the 70% mark. Increase in Reserve Price Firstly, the CSC and Huttons had in-depth discussions around the reserve price, and whether there was room for movement to the upside. Taking into consideration estate top-up costs and other factors into play, and predicting future real estate prices, both teams eventually came to an agreement. The agreement was to have an increase in the Reserve Price of the Loyang Valley Collective Sale Agreement, from $818M to $880M. This represented a 7.5% increase in the Reserve Price, and no doubt gave every owner a nice bump...
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By Side Hustle Rich
I’m Richard, creator of SideHustleRich. I created this site to journal my experiments, experiences and thoughts on working up multiple streams of income, in an attempt to achieve financial independence. I’m a happily married man and a father to two young boys. I don’t believe in working until i’m 65, maybe enjoy 5 years of retirement before starting to ache all over from basically growing old and tired.
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