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"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.

No-No

It has come to my attention that a flyer has been sent to some minority owners (not those appealing, of course, as their lawyers would be up in arms) requesting the STB payment of $781.25.

Minority owners - (and note: those who half-signed are considered minority) - need not pay a single cent until the STB approves the sale and the costs and expenses of the sale are then deducted from the sale price ON COMPLETION OF THE SALE, after bank and CPF charges have been settled.

The SC should NOT be asking the minority to cough up at this point.
(To date, I believe 179 majority owners have not paid up, and are refusing to do so.)

If anyone has a copy of this flyer , please let me know, so I can post it on this blog.

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