Florence Regency Reserve Price

Florence Regency has set their RP at a dangerously low mark. People assume that just because other estates have attracted multiple bids, that theirs will, too.

• But what if there is only 1 bid - at or near the RP? Will owners be truly happy that the sale goes through on the lowest possible offer? 

This is also the worry with Tampines Court. I believe the RP is now on the low side - and we are more likely than the other estates to attract the lowest number of bids due to our fantastic size. What if we only have FEO skulking in the wings with an offer of the bare $1.7m/unit? Or worse, a private offer of $1.6m - take it or leave it? Will the SC come back to the owners at the next SP meeting having signed a conditional sale (or option to purchase agreement) and begin the process of trying to get owners to lower their expectations? A small chick in the hand is worth a bird in then bush? 

Will the lawyers use their possibly erroneous method of finding the difference between the RP2 and the lower RP4 to reach a new 80%?