Bayshore Park home owners organise to oppose en bloc sale
move
By Cheryl Fox, Channel NewsAsia | Posted: 16 September 2007 1859
hrs
Photos 1 of 1
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.
I should go find out when the low-lifes comprising the sales
committee at my condo bought their apartments 
