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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.

LAGUNA PARK

Laguna Park residents to push for en bloc sale again

Residents at Laguna Park condominium in Marine Parade are giving the en bloc sale process a second try.
A new 10-member sales committee comprising eight new members has been set up.
At an extraordinary general meeting held on Sunday, some residents voiced confidence that a sale can be completed in three to six months, while others reportedly raised concerns about the recent changes in the Land Titles (Strata) Act which are intended to streamline the en bloc sale process and prevent lengthy disputes.
The previous attempt to sell the 33 year-old former HUDC estate for S$1.2 billion failed last year.
Channel NewsAsia – 2 May 2010

Achieving 80% but failing to find a buyer does not fall within the 'relevent event' catagory. 

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