Minority Type 1 --- They still think they have a good case.
Minority Type 2 --- They thought they had a good case but there is simply no justice to see them thru.
Minority Type 3 --- They seem to be the winners as they sat on the fence to watch the game, heck care who win or loose.
Majority Type 1 --- They are hoping this saga will quickily end in their favour as they signed all legal documents for the handover of their house. There is simply nothing they can do.
Majority Type 2 --- They want this to end in the minority's favour.
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9 comments:
Seriously, i'm the laughing stock of my friends and peers. When the conversation comes up that my estate is going en-bloc, people always think i hit the jackpot. Ya right.
When i tell them we're only getting 600k, they look on in disbelief. They laugh and say i'm kidding, i say, "yeah right, the joke is on me." What can you buy with 600k? Not enough to buy a condo, so have to move to a pigeon hole, that's what. I can see the view from the minority, 24hr security, ample parking, peaceful neighbourhood,etc...give it all up, to what?
Downgrade to hdb?
So what if the deal doesn't go thru and the minority win? Still we're caught in a loop, got to fork out god knows how many more thousands to upgrade the estate.
Either way, we're caught between a rock and a hard place, either way, there's no happiness for anyone, majority or minority.
Isn't enbloc supposed to work out good for everyone? Where are the benefits? I saw today's listing, AMK 5-room asking for 630k, which i can't even afford with the money i'm gonna get. What a joke.
Lest you be mistaken, i'm voted for the majority. Why? Cos my parents are aging, and climbing up the stairs is becoming a big problem, we would have to move either way. But if i were staying on a lower floor or in the blocks with lifts, i sure as hell would have gone with the minority and fought tooth and nail for this.
I voted becos i got no choice, if not for the enbloc, i would have sold the unit for under 400k anyways, not because i wanted to, but because i had to. But even i could see that 600k wasn't a fair deal, but i will take it anyway, cos it's still more than what i would have sold the unit for.
What i don't get is, how come so many of you others are prepared to settle for only that measly 600k? I personally think a fairer reflection of a fair deal would be in the region of 700k-750k, at least with that, you could move across the street to tangerine grove, or get yourself a condo elsewhere.
Well, i can't predict the future, but one thing i can assure you, once it comes out in the papers, IF the deal goes thru, we'll be the laughing stock of the en-bloc circle. The developers are having a good snigger too, think of the 1200 units that they plan to build and sell on this land.
I had no choice, had to vote with the majority, because of my elderly parents, what's your excuse for settling for such a short-changed deal? Maybe some of you are cash-rich, i don't know, but it still doesn't make much sense at all.
Seriously people, i took the deal with the majority,simply because i had no choice but to move because my elderly parents were having problems climbing up the stairs to my apartment. Selling at 375k or possibly taking 600k, that's a big difference for me, what's your excuse for settling for such a poor deal?
For now, i can't really be bothered anymore. This estate i grew up in, is no longer the estate i recognize anymore.
The life has already been sucked dry by all the units rented out to all manner of FTrash. In one of the units in my block, there are more than 12 ladies of the night, all living in the same apartment, can see them going to work everynight about 9pm all dolled up to the max.
Seeing so many units rented out, only proves that alot of people got money to move elsewhere to let the units here be rented out. Rich getting richer, poor got to stay and face the music.
I have no money to move, that's why we had to stay. So all i can do is sit here and wait for this whole fiasco to be over.
If majority win, am i happy? No, cos it's a crap amount of money, it's practically daylight robbery. It's no different from bringing yr watch to a pawn shop and getting back only a fraction of the worth of the watch. At least in the case of people going to the pawnshop, people do that are desperate for cash, then what are we?
If minority win, am i happy? No, i still have to sell the unit to move out, i'm back to square one, but this fiasco tied me back for 3yrs, now the economy so bad, maybe i want to sell the unit, nobody also want to buy.
Either way, majority, minority, we are all losers. The only winners are the developers who bought this place for a dime, they, my friends, are the ones having the last laugh.
It looks like the above hasn't make up his mind what he wants.
Don't forget that when Minton Rise called for tenders, there was no interest.
what has no interest for tenders got to do with this chap here!
He wants $700k or more, leh. He is saying that those who live on the ground floor or on floors with lifts should not have accepted
$612k. However, developers were not interested in our site, except for Peak Garden. All of us would love to get $1 million for our beloved condo, too.
I just think that settling for 612k just doesn't make sense. Let's be realistic here, nobody is asking for 1million, that's just crazy talk.
Is it too much to ask, that with the money i get, to move to an equivalent place of value at least? I'm not asking to move to landed property or bungalow. I'm not asking for the same millions that they got for farrer court, cos unlike them, we're not on prime land. Fair enough.
What can 612k get you? Can i get a place around this area for that money, other than to DOWNGRADE to hdb?
And what's the issue about developers not showing interest. No interests shown at that point, DOESN'T mean there will be no interest shown in future! It doesn't mean we have to accept the early offers
Don't you people ever play poker? Even if there were any developers who are interested, they won't expressedly show their interests straight away! I'm sure some of you understand how it is to shop, or to bargain, you'd know that you'll offer a price that's way below to start with, then you slowly increase your bids. Am i right?
Wait lah, see more offers, what harm could come from it? Can anyone say with absolute certainty that there would have been NO offer above 612k if we had waited? Show them some backbone, show them you value your property more than the value they put to it, and if they want it, they'll have to pay for it, at YOUR value, not theirs. That's bargaining.
Let me remind people, that this all occured before the current economic crisis. Was everyone in the estate so desperate for cash that they couldn't wait to sell?
First offer, 2nd offer, 3rd offer, and so on, the point is to SECURE the best offer, what's the rush? I didn't marry the first girl i kissed thinking i would be left on the shelf if i did not. I didn't settle on the first job offer that came my way, just because they accepted my application, i didn't see why i should, and i took my time to find a job and pay scale that SUITED me, rather than what they think i deserved. Why the rush? Do you venture into a hawker centre, and only eat at the first 2 stalls because they are near to the entrance, without even venturing to look what else is inside? Just because the first 2 stalls are open doesn't mean you have to eat there.
Anyway, I'm just hear to air my personal views, i stress the word MY view. I'm not here to make any friends or enemies. It's just my view that taking 612k is a joke, and i had my reasons as stated in my first post above why i voted the way i did, i can live with my decision, but can you?
With less than a mth to go till the next hearing, i'm just hoping for closure. I'm not siding with the minority or the majority, it doesn't matter anyway, as i said, we all lose in this deal, banker wins.
Would like to take the chance to wish any chinese neighbours here a happy lunar new year! Cheers!
i agree 612 is a joke. i do not agree we have to accept any offer when there was no sufficent publicity. impatience shown shows desperate sellers. advantage on buyers who will not exceed asking price tag. sellers still blur blur!
Right, let's hope the objectors win and then the developer backs out and forfeits the deposit.
After that, we can go for another en bloc with some really brilliant committee members and try for
700K. That will be fantastic!
errr....... sorry, but i think your expectation is rather low. if it is 700 then there will still be objectors. it would be wise to wait for more brilliant brillant sale committee members.
tampines court has always gotten a better price than us in the open market. They were offered slightly more than 700k in the last enbloc. Guess what? the developers were unwilling to even extend the dateline during the time they were having their case heard. Sure 600k looks miserable - but look at the perspective. Like the first post mentioned, its 600k vs 400k. in fact i know my neighbour sold for only 300k before the entire enbloc exercise. 200k is 33% above market value. there is a reason we cannot get more for our home. the fear of paying thousands for upgrading is one. Wait a few years for a better price? that may or may not happen. in the meantime, we would have to pay to maintain and upgrade. by the time we get a good price, the other properties would have also jumped up. There is a reason for some hdb properties to be worth more than our property. Think of the facilities that they have which we don;t. think of the really walking distance to mrt and bus terminus, think also of the fact that upgrading is largely paid for by the gahmen. need i say more? frankly, if there had not been a delay, we could easily move into another hudc and still have money left over. to say that we must move back to another private property is a little like the owner of a luxury car, having to scrap it at 10 years and expect the scrap money to buy a better luxury car. We should really have been comparing to another hudc in a suburb- which we could have gotten with money to spare 3 years ago. The essence in this game is speed - but we have been intermninably delayed. ah well. lets see what happens come february.
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