28 Mar '16, 10am

#singapore #property Tussle over privatisation of Lagoon View: District Judge Seah Chi-...

The court has thrown out a case against an owner at the Lagoon View condo. District Judge Seah Chi-Ling has dismissed the Lagoon View Owners Association’s (LVOA) case to compel an owner to contribute to a privatisation levy, reported The Straits Times . The group had sued Mr S.V. Chandran, 80, for refusing to fork out the $35,500 sought from each homeowner at Lagoon View, a condominium in Marine Parade comprising five residential blocks. The ruling is a setback for the association, as all the other owners have paid their fees. In total, the LVOA intended to collect $16 million to purchase the estate’s common areas from its owner, the Ministry of Finance (MOF). Upon completion of the deal, the association would have been able to proceed with the privatisation of Lagoon View, enabling it to redevelop the 99-year leasehold condominium, add new amenities, or put it up for coll...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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原潜シカゴの潜望鏡写真シリーズ。アップで迫る巡洋艦チャンセラーズヴィルと、その向こうに海自の「...

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