We are Unit Owners at Soho Central Condominium Corporation's building, a project of Century Properties Inc. from a joint venture of Meridien Development and Greenfield Development. This blog will teach and consolidate information regarding our building. Please submit comments; and if anyone would like to meet for tea/coffee to discuss the building, please send us an email. Unit Owners have been unable to witness decisions being made with our money at private board meetings.
Plan, plan and plan some more
QUESTION: Is Stonewall Central a better name for the property?
Does everyone remember this among the wonderful ads and brochures and how about the salespeople and what they told us. I hear such fantasies continue. So after watching and remembering, cry and then laugh at the truth that is being exposed.
And, if the above is not enough and you need elevated blood pressure, here is the project's brochure.
Many posts are still issues and need to be read once again. At this main hub of postings watch for new posts and updates. Please get involved by spreading the word as to the issues here. We must document all that is taking place. Many documents need retrieval and assistance is needed in getting them scanned and posted.
Wednesday, August 6, 2014
China's but when Philippines'?
China's but when Philippines'?
Sorry to say but the bubble may be coming to the Philippines. It is being talked about among investors. There are differences but many issues that are ignored as in China.
60 Minutes' Lesley Stahl stated in the report below, "Here's a number I saw. A typical apartment in Shanghai costs about 45 times the average resident's annual salary." I was told the average resident's salary in the Philippines is ₱150,000. An average new overpriced condo in Metro Manila can be ₱6,000,000 which is 40 times the average salary.
China's real estate bubble
China's economy has become the second largest in the world, but its rapid growth may have created the largest housing bubble in history
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