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.

REGENT COURT

Regent Court is in the news again. The STB threw out the sale in December 2007 because one owner suffered a financial loss of over $93k. The original news article:-
New Paper - 18 Dec 2007
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Yesterday the High Court reversed that decision and ordrered the STB to continue with the hearing for the sale:-
High Court wants STB to hear Regent Court sale appeal
THE Regent Court collective sale may yet happen: the High Court has thrown the case back to the Strata Titles Board (STB) to continue its hearing for the sale application.
The STB threw out the sale late last year but yesterday, Justice Judith Prakash upheld the sale committee's appeal against that decision.
It has been more than a year since the collective sale deal for the Serangoon Road estate was struck. The collective sale frenzy last year has since died, with a significant deterioration in sentiment in the real estate market.
Straits Times - 31 Oct 2008

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