The collective sale fever running high among strata title owners at People's Park Complex, People's Park Centre, Golden Mile Complex and Golden Mile Tower raises questions of urban renewal and attachments to places that are worth examining.
When ageing buildings are owned by a few entities or individuals, their upkeep and future can be more easily decided. Whereas, multiple ownership could lead to inaction or conflict, for example, when people are at odds over a possible collective sale. Strife at Laguna Park condominium led to vandalism incidents in 2008 after those eager to cash out clashed with others who valued the charm, location and spaciousness of their homes.
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