Daily Archives: 16 Oct 2009

Property agent loses appeal

Posted on 16 Oct 2009 | Comments Off on Property agent loses appeal

A PROPERTY agent, jailed a year and 10 months by a district court in July for absconding with $69,500 of her client’s money, lost her appeal against conviction on Friday.

Serene Poh Kim Kheng was ordered to start her jail term next Thursday.

Poh, 35, was convicted of criminal breach of trust and sentenced by a district court on July 31.

She committed the offence soon after buying a four-room Tampines flat from Madam Ang Suan, 49.

Dismissing her appeal, Justice Choo Han Teck allowed Poh to start her jail term next week to allow her to make arrangements for an eye operastion for her mother in November.

Source : Straits Times – 16 Oct 2009

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Laguna enbloc bid fails

Posted on 16 Oct 2009 | Comments Off on Laguna enbloc bid fails

OWNERS of East Coast condo Laguna Park have failed in their bid to sell the property en bloc.

Marketing agent Credo Real Estate said on Friday that athough the tender for Laguna Park’s en bloc sale closed unsuccessfully, owners have until December to enter into a private treaty with any developer to sell the estate.

At the close of the en bloc sale on Oct 13, two bids were received for the 528-unit development at Marine Parade, said Credo.

One of them was from a local firm which offered $1.728 billion – well above the owners’ Reserve Price of $1.2 billion.

It is understood that the principal shareholders are based in Indonesia.

The sales committee had negotiated with the first party on the terms of the sale. Continue reading →

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Posted in En-bloc / Collective Sales

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