GMS makes a point.
4 d ·
SLA claims that due to "market conditions", they didn't advertise the 2 B&W bungalows in order not to "cannibalize" on other B&W.
And the 2 B&W have difficulties to be rented out thus left vacant for 4 years.
However, according to the data given in the report, B&W bungalows in Ridout Road are in HIGHER DEMAND than other nearby area like Tanglin and Bukit Timah!
No data was provided for 2014 to 2016 and thus we are unable to see how good or bad demand of Ridout B&W are but Ridout area has consistently higher demand among the 3 districts in comparison!
In fact, by deduction, there were only 2 out of 14 B&W vacant in Jan 2017 which means, only 26 & 31 Ridout were vacant!
It puts to question SLA's assertion that they didn't want to advertise the TWO JEWEL B&W in Ridout! In fact, if the market conditions is "bad", the more SLA should quickly rent out these 2 Jewels which could fetch higher rents instead of leaving them vacant!
There is no reason to believe that the demand of Ridout B&W has been exceptionally low from 2014 to 2018 when the data has clearly shown that these are really in HOT DEMAND!