Disclaimer






"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.

PEOPLE'S MANSION

People’s Mansion in Geylang sold for S$42.7m in collective sale


People’s Mansion at Lorong 31 Geylang has been sold en bloc to Tomlinson Investment for S$42.68 million.
That translates to about S$421 per square foot per plot ratio.
Urban Front Real Estate closed the tender for the site on July 2 after receiving three bids and one expression of interest.
The next highest bid was S$42.1 million.
The collective sale is subject to approval from the Strata Titles Board.
The site, which now houses a 32-unit development, has a land area of about 37,000 square feet and is designated for residential use with a plot ratio of 2.8.
Urban Front says the site can be redeveloped into a project with 115 apartments of 900 square feet on average with basement carparks.
Source : Channel NewsAsia – 13 Jul 2010

Freehold Geylang site sold en bloc

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