"I am a BLOGGER NOT an expert. This is a BLOG not a 'go-to' website for official information. I represent no one's view save my own. I have neither legal nor financial training, nor do I have anything to do with the real estate industry. My understanding of the Collective Sale Process is from a layman's position only. My calculations, computations and tables are homespun and may contain errors. Please note that nothing in this blog constitutes any legal or financial advice to anyone reading it. You should refer to your lawyer, CSC or financial adviser for expert advice before making any decision. This disclaimer is applicable to every post and comment on the blog. Read at your own risk."
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There is one thing worse than an Enbloc ----- and that is an Enbloc done badly. Since the majority have the necessary mandate to sell, then they owe it to all SPs to make a success of it. Minority SPs can only watch and wait, if they sell then lets pray it's at a price we can move on with, if they don't sell, then we are happy to stay for a few more years.

New Gillman Heights


Will ex-Gillman Heights minority owners be able to return to their old estate??
Interlace preview: Gillman owners disappointed 

OWNERS of the Gillman Heights Condominium that is being knocked down to make way for The Interlace were disappointed with what they saw at a private preview of the new development yesterday.

Their chief complaint was that the units offered to them had bad facings and that prices were too high. Mr S.T. Soh, 68, said: 'The apartments being offered were either too close to the highway, or were on very low floors facing Depot Road. These are among the worst units in the project.'

Another owner, who wanted to be known only as Madam Koh, had expected lower prices. 

But even the low-level units were going for a minimum of $1,048 per sq ft (psf), she said.

CapitaLand said the apartments ranged in price from $850 psf to $1,150 psf and represented a full spectrum of unit types from 807 sq ft to 5,877sq ft. Of the 1,040 units at The Interlace, 153 units from five blocks were offered at the private preview. A spokesman said: 'These units, located on different levels in the development, also offer various facings - towards the pool, towards the sea, and towards the greenery at HortPark.'
The purchase of 607-unit Gillman Heights by Capitaland was completed in May, and the owners received between $870,000 and $950,000 for their units. They were also offered first bite to buy a new home at The Interlace.

Straits Times – 15 Sep 2009

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