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.

Anonymous letter

This anonynmous letter to the HT forum is worth reproducing here:
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"The fact that we have to spend a fortune on legal court cases for senior counselors to parade their intellectual skills at dissecting minutiae legal procedure and facts, show how ridiculous we have become as a nation. This case (HT) bares the very weakness of this particular legislation. Underpinning this legislation is total greed disguised as lip-servicing urban renewal.
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Greed on the part of developers who work hand in hand with foreign private equity groups who would devour anything that gives them phenomenal returns tax exempt or at least tax efficient in the name of injecting health into global economies. [A certain property tycoon] could well teach our Singapore sons and daughters a wonderful lesson here....honour the mighty dollar.
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Greed on the part of speculator-owners who buy up units which they think are ripe for raiding.
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Greed on the part of agents, professional legal and consultant teams who would share the spoils of this grand scheme, whether the deal goes through or collapse , they still earn their fees.
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Greed (perhaps more forgivable) on the part of short-sighted owners who think they are ready to downsize and liquidate to enjoy their nest-egg without realising that they are depreciating it unless they find alternative housing or schemes to grow their nest egg which they hope to get.
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Greed on the part of a government which thinks that making handsome developer's fees and other sundry taxes, bringing in foreign capital is the way forward to boosting the country's economy when in fact we are selling our family silver to unknown elements whose only aim is to pawn our tiny island and our homes to richer immigrants who could afford to buy our exorbitant condo airspace. But then we are historically an immigrant society , so be it, new wave after wave of immigrants could easily replace all who are dispensable and fallible.
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That leaves all the minority anti-enbloccers, romantic diehards who dream of holding onto our idyllic homes till death do we part..but looks like we will just have to get use to living a global nomadic life till we reach our final resting place wherever it maybe.
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If greed underpins the whole economy and our skyline, the spin-off would indeed be very interesting to watch for all of us who thought we could come home again...just gold dust and lust for it fills the air."
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1 comment:

  1. what is why we are an economic miracle... underpinned by GREED!! and 80% of TC toooo....

    ReplyDelete