SINGAPORE: Life at Bayshore Park, a 21-year-old estate with over 1000 apartments, was pretty quiet until a notice went up in June this year, saying some home owners are interested in exploring the potential of an en bloc sale. This was followed by a presentation on the en bloc process at the condo in August.
In her debut episode as the new host for “Get Rea!”, Cheryl Fox learns that those opposing any en bloc sale have already organised themselves to defend their homes from those pushing for it, even before a formal sales committee has been appointed.
“Get Rea!” learned that prices of between S$1.8m and S$3m per unit were quoted, depending on the floor area.
But some homeowners are not biting.
"At our age, what do you want that kind of money for? We just want to retire and enjoy our few years of life here," said homeowner Stephen Seow.
That was one of the messages homeowners at Bayshore Park hope to get across to the Protem Sales Committee.
Some have organised themselves into the Love Bayshore Park group to fight any en bloc sale.
According to Bayshore Park resident Vincent Bockaert, a check of the caveats lodged for Bayshore Park showed some members of the Protem Sales Committee bought their apartments only a few months ago.
"These people have a short-term perspective. They went in this year. If they make hundred thousand dollars, they make a profit. They move on."
An extra-ordinary general meeting is slated for September 29, and members of En Bloc Sales Committee for the condo will be elected.
The new season of “Get Rea!” returns on Monday, September 17, at 8.30pm Singapore time (12:30 GMT). - CNA/ac
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