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.

FINLAND GARDENS

The next minority STB win to be defended at the High Court will be:-

Finland Gardens' High Court appeal will be heard on the 21 April.
Lawyer for the majority (applicants) will be Michael Huang SC.
Dennis Tan for the minority (defendants).
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Just to recap on this case:
Finland Gardens:
48 unit freehold development off Siglap Road
Land area: 98,309 sqft
Property Agent: Credo Real Estate
Sold: November 2006
Buyer: Sing Holding Ltd for $49.5 Million
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Finland Gardens: Enbloc Sale dismissed : Weekend 01 December 2007 here
STB rejects Finland Gardens' Collective Sale: Straits Times 01 December 2007 here
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