I honestly didn’t think Florence Regency was going to be sold enbloc after the public tender for the collective sale had closed and the 3 bidders refused to raise their bid prices to match the valuation. To think that a deal could be closed under private treaty with another developer within 10 weeks of the close of the public tender is a good achievement by the marketing agent JLL.

There is still some ways to go for the legal completion of the sale but things are about to get interesting for my family. With approximate gross sales proceeds for my family’s unit at S$1.85 million, this will probably be my family’s biggest windfall gain so far if the sale can be legally completed. It also creates a problem for them. They now have to start looking for another place to live in.

To retain as much of the windfall gain …