Property
Hedges Park Condominium
By Mr. IPO  •  April 14, 2013

Today I visited the above condo show flat. It will be torn down next month and is almost fully sold with a few units left.

The remaining units are those on the lower floor. I picked #03-27 of about 1,076 square foot.

The developer is offering a 10% discount and the price is $957,060. The condo will TOP in about 2 years.

While I like the various themes and the many pools, I personally don't like the location.

This is a 99 year leasehold property. Most likely I believe the developer wants the plot back after 99 years. Most of the older development around that area such as Ballota is freehold.

In case you are not aware, the stroy goes like this. Hong Leong bought a very big piece of land here many many years ago and started dividing the area into smaller plots. It started to launch condos in ......
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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