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Neptune Court Print E-mail

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1. Written by News on 03-12-2007 23:19
Privatise? Pay $144m
The Ministry of Finance, which owns the land Neptune Court sits on, has estimated that the cost of privatising it is $144 million. 
That means the 752 apartment owners at the leafy Marine Parade estate with sweeping sea views will have to fork out about $191,000 each. 
This is a big contrast to those residents of HUDC estates who need to pay only $25,000 to $30,000 to the HDB to privatise their estates. 
En-Bloc dreams of the residents which will reap them $2.4 million each gone with the wind?

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