the alarm sounded amidst a meeting. got the the mrt and stopped at raffles place station and walked to republic plaza. met the group of 7 and talked about strategy in a coffee shop across the rd. another member turned up later. moved on to open the tender box at the 39th floor, republic plaza, the property agent's office, at 3.30pm.
the agent went thru their marketing effort, then invited the chairman to use the key he held to open the tender box, a big envelop was fished out. and 4 other small red packets from the agent. the big envelop contained the mandatory valuation report at the time of opening the tender, and there's NO BID.
macro is not good, nobody wants to tender for big projects.....
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