"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.


A comment:-
"I'm residing at Eunosville, where we just had the qualifying 75% vote for privatisation. It is indeed very sad. And I must say I was angered by Mr Lau's letter to the forum. Like some people may feel, I think he has no idea what it is like for us. Eunosville is indeed like a kampung. Neighbours' children play with each other and even the adults will stop to chat with each other under the block and while washing their cars. I don't think money can buy you such neighbours, such community spirit." Eunosville resident, 13 April.
Comment on Enbloc and Good Neighbourliness post
How sad, it looks like the juggernaut that is en bloc will be rolling over his estate soon. Privatisation was the carrot which all the HUDCs bit - they were supposed to upgrade themselves by building a swimming pool, clubhouse etc. Instead, privatisation was just a wolf in sheep's clothing and turned out to be nothing more than a land-grabbing exercise, enforced downgrading, loss of community, a lowering of standard of living, loss of savings (for some) and the most important of all, loss of home. Knowing the hell other HUDCs have gone through, Eunosville should be very careful about how it proceeds. They have better safeguards in place than their forebears (I particularly like the 5 day cooling off period) -and more info at their fingertips.
The law ministry is thinking about tweaking the rules once more - lets hope they listen to the people and not just property agents. You can read about it here.
Of course, new rules and possible amendments to new rules do not apply to TC,

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