Disclaimer






"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.

Delay

It has been 9 months since the conditional sale of Tampines Court - and still no application for sale to the Strata Titles Board has been made.
Now that Gillman is largely over (pending the High Court appeal that is) the sale committee no longer has an excuse to hold back on the application.
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In case you missed the article in the Straits Times about Singapore being the hottest residential market IN THE WORLD; - here  it is.
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Those owners who have only their prospective sale proceeds to purchase their next roof ; here's disheartening news indeed. If you are forced to set your sights on a smaller HDB then be prepared to have a bundle of spare cash for the COV (cash over value) which cannot be covered by a bank loan. And if the proceeds of the sale (after paying back your bank loan, CPF charges, and costs and expenses of a sale you don't want) give you insufficient cash, or even no cash at all - and you don't have a handy bundle of moolah under your mattress - then what exactly are you supposed to do?
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You can't upgrade
You can't sidegrade
and now
you can't even downgrade!
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