UOL buys Oakswood Hts for 132 Million
6 Aug 2007
This condominium was sold en bloc in June 2007 and the Strata Titles Board approved the sale in May 2008. The minority owners (exactly how many I do not know) took issue with having to pay the costs and expenses of the sale and the matter went to the High Court. The judgement, issued 13 Jan 2009, can be found below, free to view for 3 months. The minority owners were the defendants in the case and lost..
3 "The defendants, as minority owners in the collective sale of the condominium, argued through counsel that the order did not specify that the minority was bound to pay such costs; secondly, that the quantum was not determined and thus no costs was payable; and thirdly, this application was really an appeal against the Strata Title Board’s order......... "
The Honorable Choo Han Teck wrote:
"4 In the nature of such contracts, the actual amount of the costs in question would not normally be determined at the time the agreement was made because much work remained to be done. All that was required under the contract was to make provision for the principle and mode of payment of such items so that the only consequential litigation that could have arisen would be the issue of the reasonableness of the quantum eventually determined. Hence, the defendants could challenge the amount payable but not the obligation of payment; that, in my view, was amply and clearly provided in the agreements in question."