From your posts, I know you have a unit at Laguna Park.
Dont' worry.
One thing good about en bloc properties is that they are almost guaranteed not to lose money.
Best case make lots of money, worst case break even. Where else in the world is there such a good investment?
Read this:
Business Times Dec 12, 2008
LAGUNA Park condominium along Marine Parade Road could be up for collective sale. Each owner stands to pocket between $1.8 million and $2.1 million. It works out to about $633 per square foot of gross floor area.
At $633 psf ppr, the bigger unit (1,615 sq ft last transacted on 13 Apr 2010 at $1.5 million) should get $2.1 million while the smaller unit (1,453 sq ft last transacted on 11 Feb 2010 at $1.18 million) should get $1.8 million.
What is the worst case scenario?
Laguna Park is worth the same as Boon Lay ($499 psf ppr)!
Straits Times May 6, 2010
Keppel Land wins Boon Lay bid
HIGHEST bidder Keppel Land (Mayfair) has won the tender to build homes on a plot of land next to Lakeside MRT station, the Urban Redevelopment Authority (URA) announced on Thursday.
According to the URA, Keppel Land submitted the highest bid of $303 million ($499 per sq ft per plot ratio) during the March to May tender period.
(499/603) x $2.1 million = $1.74 million for the 1,615 sq ft (still better than $1.5 million).
(499/603) x $1.8 million = $1.49 million for the 1,453 sq ft (still better than $1.18 million).
So even in the worst case scenario, Laguna Park sells at the same price as Boon Lay, they are still worth more than their last transacted price!
But in the first place is Laguna Park = Boon Lay?