En-Bloc : A BAD idea

A PREMIUM ESTATE IN SINGAPORE.
MY MANDARIN GARDENS. MY HOME.

OUR MANDARIN GARDENS. OUR OASIS. OUR HEART. OUR HOME.

WHY EN-BLOC OF MANDARIN GARDENS IS SUCH A HUGELY BAD IDEA RIGHT NOW?

Mandarin Gardens is a GOLDMINE!!

Regardless of what the Speculators have told some of you : "Spalling concrete", "Patchy walls", etc, what we own is a VERY VERY VALUABLE piece of land and property. HANG ON TO IT FOR A WHILE LONGER.

Our property is built on a very solid foundation and the construction quality is undoubtedly premium. As for the spalling concrete and external hairline cracks, there is nothing that masonry work cannot accomplish to repair.

OUR HOMES ARE WORTH FAR MORE THAN AROUND $2 OR $2.5 MILLION!

If you are a Mandarin Garden Subsidiary Proprietor (SP) and are undecided which step to take - Enbloc or No Enbloc and the Speculator has convinced you that $2.5 Million is a great price for an En Bloc offer, consider this :

Your 3 bedroom apartment, for instance, can fetch $50,000 in annual rental income TODAY. This is likely to escalate quickly in the near future for the reasons mentioned (above, right). Now, $50,000 in yearly income is equivalent to $2 Million in the bank earning a normal savings rate. So, its already like a business asset that is worth $2 Million TODAY.

Now, if someone were to come along who wanted to takeover or acquire this business. If Yahoo was worth $1 Million today, how much would Microsoft pay to buy Yahoo?

If you are unsure, check with a financial expert. Acquisition or Merger specialists would tell you all about PE ratios and how $10 Million could be a fair price.

And how much did the Speculators, the Flyers, the Homewreckers tell you to be happy with? $2 Million? $2.5 Million? When, today it is already worth that much? And you are willing to accept that price?

Enough said!

DID YOU KNOW?

* That the NEW SIGLAP/MARINE PARADE MRT line will be at our doorstep in the near future?

* The new KALLANG STADIUM & SPORTS HUB, MARINA BAY GARDENS will be in our neighborhood?

* The MARINA BAY IR, SINGAPORE FLYER will be within a five minute drive?

* The Canadian and Global Indian International schools are right next door?

CAN YOU IMAGINE what all this will do to the current and future rental potential and property prices of your estate when land becomes even more scarce and the population has increased?

WHAT SOME OTHERS HAVE TO SAY

"The prevalent spate of en bloc attempts in condo estates around Singapore has impacted us in a way which is counter productive to our nesting instincts and to our identity as a gracious society.
We hope that our daily lives can be free from the constant worries of losing our homes to those who see home as a mere financial tool for wealth." - Hope4Stayers

"From an owner point of view, I fail to see the logic of the en-bloc fever in the current market. As more units are en-bloc'd reducing unit supply it's only raising prices further in the market. Whatever the owner is offered isn't going to be enough to buy an equivalent unit s'where else. Isn't it only the developers that stand to gain? And at the expense of the population (again)? I guess that's the point! Unless the majority of these condos are investment props to start with, in which I can see the motivation. But as an owner-occupier I'd be pissed if I were forced out today!"
BayshorePark Lifestyle