I AM compelled to share my experience as a cautionary tale after reading the report, ‘Private homes still seeing high demand’ (Sept 22). I was a flat owner of Gillman Heights, which was sold in a collective property sale exercise and for which I received $887,000 (around $520 per sq ft) for my 1,700 sqft three-bedroom unit.
 |
 |
The amateurish miniature model of The Interlace condominium (left) at the exclusive private preview for former owners of Gillman Heights was a stark contrast to the sleek, three-dimensional and professionally crafted model displayed at the public launch. — PHOTO: REGINALD TAN
|
By the time I received my money, I could only afford a similar unit far from the city and certainly not as central as Gillman Heights.
Former owners like me were assured we would receive priority in buying units in the new condominium – The Interlace – on the site of our former home.
But at $1,000 psf, I would have been effectively downgraded to a much smaller apartment at the same location. Worse, we were given only three days’ advance notice of the exclusive preview for us to choose our units at the Shenton Way office of the developer, CapitaLand Residential. Continue reading
Lush Dream Home 