Originally posted by ndsef:
Hey Atobe, seems I am right to make a comment on the size of the
compensation. See, the residents are asking for double. This is a
classic example that everything has a price, and in this case the
price for them to shift out in one month is $200k, and their own
valuations of their property, which I believe will never
happen.
Valuations are usually done by neutral parties, as in, when you buy
a house, it is the bank who does it and not the seller or the
buyer. But in this case, the valuations will definitely be seen as
biased, since it is the buyer (garmen) who will be buying over the
property. But from the garmen pt of view, the seller's valuation
will also be biased. So how? 
In a society that the government has moulded in its own image,
in which only MONEY MOVES MOUNTAINS, can you blame the residents
for asking the double the compensation that was offered ?
In any case, how much compensation will you give on the suddeness
and stress placed on an eviction order that strikes you from out of
a clear blue sky ?
Do you not think that a higher amount should have been considered
in view of the on-going businesses that will have been disrupted,
and the losses that the Strata-Titled Property Owners will have to
bear in the event of the compensation being lower than the purchase
values which are mortgaged ?
Who will bear the difference of this loss ?
Will it not be best to have valuation from at least three property
valuers of some public standing ?
Alternatively, the records of similar properties sold within the
vicinity of Hock Kee House, can be used to determine the value of
this subject property.
It is not so difficult to achieve a fair arbitrated value, as there
are set precedents for such matters.
It all depends on the Government, if they wish to be fair towards
the Property Owners of Hock Kee Houser.
It will finally come to this reasoning - '$600,000 is PEANUTS' to a
Public Person who enjoys the benefits of office, what is a sum of
$200,000 for those put under duress ?
