Tuesday, May 12, 2009

Reveal No 2

Minton Rise was once a HUDC. After it got privatised, it became a private estate known as Minton Rise today. Of course it came with a price.

The privatisation fee had to be paid to the authority. ( Sorry, I have no idea who this 'authority" refers to. ) Anyway, all had to pay. For those who bought their house higher than the collective sale payout, they are able to claim back the cost. That is if you are a minority. 'Minority' means one who did not sign the enbloc contract.

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