--> Collapse of Laurel Tree and Sycamore Tree projectsToday business times reported two condo projects Laurel Tree along Hillview Terrace and Sycamore Tree in Joo Chiat under receiverships. Developer is vehicles of Tan Hock Keng.
TOP supposed to be in Dec 2016, but had stalled due to insufficient funds. Receiver told buyers either: 1) cough up extra premium to ensure completion of project or 2) receiver to sell the property and return money to the bank. Then normally there is no more money left. The buyers were of course the victims. Investment knowledge is vital Therefore, whether to invest in stocks or for HDB upgrader to buy condos, knowledge is so important. Cheap does not mean good. Back then when I was searching for private apartment upgrading from HDB, the first thing I do is not just to visit property websites. It is to visit to the bookstores to look...