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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.

REGENT GARDEN

The High Court reversed the decision of the STB which threw out the sale of Regent Garden in January this year and ordered the owners to complete the enbloc sale with Allgreen Properties.
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"Regent Garden owners ordered to complete enbloc sale to Allgreen"
" Allgreen had already asked the High Court for an order to get the majority owners to complete the sale. It argued that the STB had no need to even examine the sale, as all owners had agreed to sell.

The court agreed, ruling that allegations of mistake and breach of contract were without merit and that the STB's decision to halt the sale of the West Coast Road estate was irrelevant. it also ordered the 25 owners to pay Allgreen's costs."
Straits Times 17 April 2008
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Business Times 17 April 2008
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Today-17 April 2008

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