Why en-bloc now?

Why Bedok Court should en-bloc now ?
(Date: 2007.7.17)


(A) RESERVED PRICE

• The sale proceeds from the Reserved Price is acceptable, any extra will be a bonus

(B) TIMING

• The present property market is HOT now
• The Developers are also eyeing competing en-bloc projects (Neptune Court, Lagoon View, Laguna Park, The Summit) and might secure sufficient land bank soon
• Will we miss this 2nd En-bloc opportunity?
• Can I afford to wait for the 3rd En-bloc opportunity? When?

(C) Government Comment /Action

• The rent in Singapore must be lower than Hong Kong
• The vacant site beside Tanah Merah Kechil Ave
• The vacant site beside Bedok Court

(D) Major Works in Bedok Court

• In 2007~2010, the lifts upgrading program would cost $700,000.00 (estimate)
• In 2008~2009, the building painting would cost $880,000.00 (estimate)

Hence, the Management fund & Sinking fund contribution from the SPs cannot remains at present amount

(E) Major Works near Bedok Court

• In 2007, HDB block 46 Bedok South Ave.3 was demolished
• In 2009, HDB block 47, 48, 49 & 50 will be demolished, confirmed by HDB Bedok Office
• From 2010 to 2012, will there be any major construction on the vacant HDB land ?
• New condominiums coming soon & nearer to Tanah Merah MRT Station

WHAT ARE YOUR REASONS FOR EN-BLOC?

Give your comments, with name or initial, block & unit no.