Let me update you on the recent developments on the abovementioned projects.
Laguna Park...If I am not mistaken, LP has attempted 3 times en bloc, but so far yielded no buying interests.
Neptune Court.. Currently it is undergoing a privatisation exercise to privatise the common areas (Ministry of Finance/SLA own this) but with the hefty price tag of S$64.5m and a 75% approval from the residents by mid-Jan 2012, it is highy unlikey to be successful in my opinion. To cough out between $75k to $90k depending on unit size and just to privatise with no guarantee of going en bloc, your guess is good as mine. This estate sits on slightly more than 750k sq ft.
Mandarin Gardens..Formed a sales committee but alas too many in fightings hence rendering en bloc almost impossible. This estate sits on more than 1m sq ft.
You may want to add Lagoon View and Bayshore Park to the list.
Lagoon View...Was privatised at a lower price tag than compared to that given to NC. According to sources, NC has more "potential" value than LV, which means to say NC's location is superior than LV. May attempt en bloc soon.
Bayshore Park..Has more than 1k units and also sits on 1m sq ft. Very spacious layout and fantastic landscape to boot. However, the expatriate community is large and mainly anti en bloc. At the GM, like MG, plentiful of abuses and hostilities.
It looks very unlikely that the govt would "acquire" these plots of land. As they are lined up in almost a straight path, it would require all these estates to be acquired.
The site where the HDB flats were SER at Siglap is most likely to be a MRT station of the Eastern Regional Line.
My
worth.