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.
Here is an anonymous comment about the 'commotion' yesterday.
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"I came to know about the commotion at the void deck of Blk 120 and at the function room at the Management office on Sunday and went down to check. I was told by (resident’s name) being an SP on his own accord is exercising a petition to the Minister to appeal to the STB to bring forward the date before the 25th July.
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I am surprised that the MC had allowed a single SP to use the function room to collect signatures for his letter to the Minister.

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I am also shocked to know that the representative of (property agent) had contacted via email and SMS to majority owners to come to the Management office to sign the petition on an urgent basis. Is the PA being hired by all the majority or only one SP whom they took his instruction to contact majority SPs.
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I do understand from (the resident) that the (en bloc lawyer) is going to appeal to the High Court to throw out the decision made by the STB. Have they got the majority mandate to do this or is he exercising on his own accord or by the SC? I do also understand from (the resident) that whatever cost involves for the proceeding to High Court is borne only by the (en bloc lawyer)."

My comment: This SP is no mere resident; he is on the Management Council and is the financial advisor to the Sale Committee.

2 comments:

  1. Anonymous14 July, 2008

    By reading the heading of this blog "Tampines Court enbloc/anti-enbloc" it gives the impression that this blog is neutral in it's postings. However, after reading through, it seems this is lopsided towards anti-enbloc. I think the title should be changed to "Tampines Court anti-enblog" to avoid misleading.

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  2. I am minority but will post all comments regardless.

    Originally, I had hoped my blog would be like a forum for both sides to air their views. But it hasn't turned out like that. It is impossible to change the Title once you sign up.

    I love it when the PA /en bloc lawyer / majority owner write a letter and I immediately post it on the blog with a rebuttal! Pity there have been so few contributions from the other viewpoint over the past year. It is for YOU to write about YOUR side but, alas, next to no one has written in and so it has been mostly my voice all the while.

    So yes, more anti-enbloc than pro.

    As I have said before - would you
    like to contribute a piece?

    I get a real kick when I ask majority owners where they get their information from - and they say a blog!!

    My info is as true as I can make it, and I seem to be filling the role as a news reporter at this moment in time, too.

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