"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.


Meng Garden back on the market
Jun 07, 2010

What this means is that Meng Garden's buyer will be spared the hassle of going to the Strata Titles Board for approval of the collective sale of the freehold property, which has a land area of 35,639 square feet. It is zoned for residential use with a 2.8 plot ratio and height control of 10 storeys. The site could potentially accommodate a new development with about 95 apartments averaging 1,000 sq ft.
The latest 'guide price' of $135 million works out to about $1,360 per square foot of potential gross floor area inclusive of an estimated $681,000 development charge (DC).

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