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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.

The Holy Grail attained

TAMPINES COURT
$692,000
1,690 sqft
Jul-09
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Well, look at that, the old RP! TC resale prices have been climbing upwards over the last 2 months. Clearly, our enclave has been discovered and our generous size and layout appreciated! With a shrinking supply of larger apartments on enormous plots of land, expect the resale prices to climb even further.
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........... and they said they never
would.
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Those who clamoured to sell should now pull up stakes and leave the real homeowners in peace. There is no excuse to drag the estate through the mud again; your dream price has been reached, your plans to downgrade with money in the bank can be realised. The best part is, you won't be forcing others to downgrade along with you with the loss of tens of thousands in CPF. Still others can enjoy the remaining years of their life in the home they have lovingly cared for over the decades. Go now - take your money and run.

I had an interesting chat with an ex-majority owner recently. He was so certain the sale would be approved at the STB that he had bought a replacement unit in 2006/07, but no matter, he is still going strong; renting out the other whilst remaining in TC. He asked whether or not TC should/would go for another en bloc, what was the mood on the ground etc. I really don't have a finger on the pulse, but judging by the large number of units presently undergoing renovation works, I would hazard a guess that people are here to stay. He said that he had been approached to start it up again....... a tho
ught that horrified me for the following reasons:
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1) It shows a callous disregard to the a person's right to a peaceful life in their own home. The last en bloc caused distress to many owners for a great many reasons. Now that Tampines Court is still just getting back on it's feet again, is it right that a few want to 'try their luck' once again?
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2) It perpetuates the divide between those who view their house as their home and those who want to make money.
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3) The person talking to me was clearly unqualified for the task, and the thought that a group of like-minded and ill-equipped individuals driving the en bloc bus without a drivers licence should give TC residents cause for alarm. A nice guy, yes, but niceness is not a prerequisite for such a weighty responsibility. One needs to have a hard head, be mathematical, analytical, intelligent, an experienced negotiator, highly proficient in English, unflappable, someone who can hold their own, nobody's fool ..... with absolute integrity............and Tampines Court hasn't been able to throw up anyone of that calibre yet - never mind three.
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Straits Times - 15 Aug 20009

2 comments:

  1. One wonders if you are rying to indirectly stste that you are themaster of en blocs and the laws.
    prices will have to go up. In all fairness the prive for the en bloc if achieved the last time round would have set residents to newer places but yes now that the price has gone up so has the price of all the other units in Singapore. In relation to percentage it has done that well compared to many other hudc apartments.. Can fool a few but not all.

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  2. First of all, this is a simple blog- one of millions on the web - not CNN or a Government fact finding website.

    Secondly, you don't have to read it.

    Thirdly, I make no pretense at knowing everything and as stated at the top of the page; all opinions/analysis are my own and consequently open to challenge.

    Finally, individual unit market price is not equivalent to estate en bloc price.

    ReplyDelete