atans1

PAP whacks greedy pigs

In Property, Public Administration on 17/12/2018 at 9:45 am

Funny anti-PAP types not cheering PAP for making life difficulty for private property owners. But then these anti-PAP types especially the cybernuts from TRE and TOC Lands think that the PAP and private property owners must be hated, and got rid off.

More than 30 collective sales sites have failed to find successful bidders at the close of tender, following the latest round of cooling measures introduced in July.

In a bid to entice developers, around 15 en bloc projects have sought to lower their asking prices, according to Huttons Asia.

One of them is Park View Mansions in Jurong, which relaunched its tender for a second time on Wednesday (Dec 12) at an asking price of S$250 million – 22 per cent lower than its initial asking price earlier this year.

Read more at https://www.channelnewsasia.com/news/business/more-than-30-en-bloc-bids-fail-to-find-buyers-cooling-measures-11035028

  1. With more & more PAPies & their cronies being more internationally diversified and cosmopolitan, and less concentrated in SG property, they can be more pre-emptive and less accommodating. Luckily have paid more attention to their actions than words, and have let go all my investment properties in 2013 & 2014 save for 1 small condo. Should have sold that one too, and collected the annual $300-$500 GST ang baos the last few years. LOL!

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