"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.


OK folks, DDay has arrived.
The Statutory Notice of Sale has been published
in the newspapers over 3+ full pages.
460 majority
100 minority
The ball is rolling. The minority have 3 weeks from today to make an application to the STB to oppose the sale. A group of 39 owners will be opposing through their lawyer, other minority may also do the same. Those opposing the sale without legal representation can go to the STB website and download the form from there.
Good luck All!

1 comment:

  1. The TC valuation report submitted by the SC is $403M (as at 25 Mar 07) which is almost equal to the selling price of $405M($395M + 10M. unbelievable !