Wednesday, November 12, 2008

The Crosby building ( where SingPost ) at Robinson Road had been sold off by Lehmen Brothers few months ago. They made a lots but all sunk into US lost.The two to be concern were the joint ventures with Chip Eng Seng :(1) at the West Coast Walk, The Parc Condo. If you still remember it was launched last year in Aug at the peak and when the subprime started to bite and stock market fell sharply for the first time. (2) The other one is CityVista Residences at Pek Hay Road, only half sold.Can Chip Eng Seng sustained the development of the two big developments by themselves ?

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