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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.

AIRVIEW TOWERS - black day for minorities

Airview Towers lone minority owner lost at the Court of Appeal.

He was ordered to pay costs at the three levels; STB, High Court and Appeal Court.
Tan Siew Tian and Others v Lee Khek Ern Ken[2008] SGCA 25
Decision date: 24 June 2008 ( free to view for 3 months)

Ruling Overturned
Straits Times - 25 April 2008
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Airview Towers en bloc case back to STB
Straits Times - 25 April 2008
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Majority Owners at Airview Towers win appeal
Business Times- 25 April
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For His daughters, he fought an en bloc battle alone
Weekend Today- 26 April 2008
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After a very lengthy conversation with a learned friend on this issue, I have come to a different level of understanding and retract my earlier statements on Airview Towers on the matter of costs. As an outsider not armed with all the facts and as a layperson not conversant in legal matters - it was an easy conclusion to jump to. Easy but wrong.
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To fall at the last hurdle is tough, but the court is bound to be impartial and the loser pays the costs, regardless. Unless the winning party shows compassion and allows each to pay their own costs there is nothing they, the judges, can do. In this case, the lawyers for the majority turned down the judges' suggestion that each pay their own costs and so there the matter rests.
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Airview Towers is not over yet, as it now goes back to the STB and the remaining 8 points of contention may be raised again for ruling.
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