"I am a BLOGGER NOT an expert. This is a BLOG not a 'go-to' website for official information. I represent no one's view save my own. I have neither legal nor financial training, nor do I have anything to do with the real estate industry. My understanding of the Collective Sale Process is from a layman's position only. My calculations, computations and tables are homespun and may contain errors. Please note that nothing in this blog constitutes any legal or financial advice to anyone reading it. You should refer to your lawyer, CSC or financial adviser for expert advice before making any decision. This disclaimer is applicable to every post and comment on the blog. Read at your own risk."
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There is one thing worse than an Enbloc ----- and that is an Enbloc done badly. Since the majority have the necessary mandate to sell, then they owe it to all SPs to make a success of it. Minority SPs can only watch and wait, if they sell then lets pray it's at a price we can move on with, if they don't sell, then we are happy to stay for a few more years.

Enbloc owners' Dilemma

If you're thinking of taking out a term loan to purchase a property now whilst waiting for your enbloc money to be deposited into your account 6 - 9 -12 months down the line - well, think again. The Banks are saying NO to this one.

Please read the following article here

1 comment:

  1. Anonymous18 July, 2007

    Just think of it this way: before any rules are made to change the en bloc act and make such process more difficult in future, its better to sell now then later. One cannot compare TC with Pine Grove and Farrer Ct. One should compare TC with Waterfront and Minton Rise.