When the possibility of a collective sale for Laguna Park was announced in December 2007, some residents held back, hoping it would drive up the estate’s value. But matters turned ugly later at the East Coast condominium, which was hit by a spate of vandalism after several residents opposed the sale. Cars belonging to residents against the sale were splashed with paint or scratched, while mailboxes...
Enbloc
WE REFER to the letters "Just leave me alone!" (Dec 16) by Lee Siew Hua and "A loophole, a headache" (Dec 19) by Yeo Han Tiong. We would like to clarify that the legislation already allows the subsidiary proprietors of a strata-titled development to decide on the tenure of an en bloc sale committee. A sale committee may be dissolved by way of ordinary resolution at a general meeting of the management...
DESPITE the recession, the saga over the Gillman Heights en bloc sale continues, as some minority owners from the 608-unit development off Alexandra Road take their fight to the highest court to block the sale. The 10 minority owners have filed for a hearing with the Court of Appeal in a bid to overturn the decision made by the High Court in June that allowed the $548 million collective sale to...
WILL I ever get to live in peace? My condominium's third sales committee disbanded a few months ago. We thought we had seen the last of them due to the tough economic times. But I received a new circular in my mailbox last week, saying yet another sales committee wants to go en bloc. Just as I was heaving a sigh of relief and thinking that I could now renovate my apartment, too. When will it end? Surely...
THE market may have cooled, but en bloc fever is even higher than before at Laguna Park, as approval from owners at the 30-year-old condominium crossed the 80-per-cent threshold on Friday, allowing the en bloc sales process to proceed to the marketing stage. Now the residents are optimistic the prime location of the 528-unit property will help them get their asking price of $1.2 billion, despite the...
While the en bloc market may have slowed, the residents of Laguna Park are optimistic their prime location will help them get their asking price of S$1.2 billion. The en bloc sale of the 30-year-old condominium crossed the 80 per cent threshold on Friday allowing the process to proceed to the marketing stage. This is despite the property market softening from the economic slowdown. With schools like...
LAGUNA Park condominium along Marine Parade Road could be up for collective sale, with about 77 per cent of tenants so far agreeing to it, Channel NewsAsia reported. The sales committee could expect a few more signatures in the coming days to cross the 80 per cent trigger point which will move the en bloc process forward. Channel NewsAsia understands that the asking price is about $1.2 billion. Each owner...
Process marked byacrimony and vandalism may finally have a happy ending for owners THE owners of homes at Laguna Park condominium at Marine Parade are inching closer to a collective sale, after securing approval from owners representing 76 per cent of the share values at the property. The owners have been working on a collective sale since last year, and the process has been marked by acrimony and...
Laguna Park condominium along Marine Parade Road could be up for collective sale. It's not yet a done deal but about 77 per cent of tenants there have agreed to it. The sales committee could expect a few more signatures in the coming days to cross the 80 per cent trigger which will move the en bloc process forward. Laguna Park has already engaged an agent to market the 99-year leasehold property, which...
The 99-year leasehold Parkway Centre has been put up for collective sale. The commercial property, which is located in the Marine Parade town centre, can be redeveloped into an office-cum-retail development, with a gross floor area of up to 157,625 square feet. The building is located opposite Parkway Parade and near Roxy Square. It is surrounded by residential projects like Parc Seabreeze, Silversea and...