Thursday, April 05, 2007

Singapore - En bloc Behaviour

The building I live in has been sold en bloc, and the countdown clock is ticking. As a tenant, I do not benefit from the supposed riches that have been created, rather I lose my home and have to find somewhere else to live.

Other commentators have painted a pretty bleak picture of what happens once the official sales date takes place. In our case, things have started declining even before the official date. What was a well maintained building is now plastered with posters and leaflets ranging from real estate advertisements and financial planning seminars to transcendental yogis offering to help newly rich owners avoid the temptations of sudden wealth (presumably by giving the wealth to them).

When I queried the guards as to why they were suddenly permitting outsiders to post ads on the walls and in the lifts, I was told that the "management" had given instructions.


This is not going to be pretty.

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