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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.

PENDER COURT

Pender Court sold for $95m, 2 other sites for sale
Jun 01, 2010
The Straits Times

8 comments:

  1. Anonymous03 June, 2010

    Credo again!Brilliant agent.
    TC should consider en-bloc again.Ripe time as developers are hungry and we are wiser after the en-bloc debacle.
    TC resale prices psf is pathetic.TC looks dreadful and dirty and likely prices reflect that.
    What you guys think?

    ReplyDelete
  2. You will never get the 80%, the near death experience is fresh in everyone's mind.

    If you try, you will fail and be barred for 2 years.

    ReplyDelete
  3. Anonymous04 June, 2010

    forget about TC... the value of the land is not high, location not good, lease running out, lease top-up and development charges are relatively high = no potential for enbloc = relatively low current selling price :(

    ReplyDelete
  4. Anonymous04 June, 2010

    I am a TC owner too and I support enbloc. My unit is a walk up apartment and I see little difference between my unit and the HDB executive apartment nearby. Based on recent land prices paid by developers nearby, we should get at least 1.2 million per unit if enbloc now. i can then buy a resale HDB executive apartment for less than 600k, with the convenience of a lift. For those who are against enbloc, I respect their choice and hope they understand why I would always support enbloc as that is the best choice for me if I had to sell.

    ReplyDelete
  5. Anonymous04 June, 2010

    if TC achieved 80% the previous time, no reason why you can't get it again. Suggest you feel the ground, elect an entirely new sales comm, go by the book and spirit of the law, get a good MA (eg., savills, credo, provided they are willing to take up the project). No harm giving it a shot.

    ReplyDelete
  6. Anonymous04 June, 2010

    En-bloc makes sense as we are no better than hdb(actually worse).We were fortunate to go private.
    En-bloc unlocks the value of the land.
    $1.2million will send TC into a frenzy.Stopping the en-bloc then would be like stopping the sun from rising.
    No need to sniff the smell from the rubbish dump anymore.Right blogger?

    ReplyDelete
  7. Anonymous05 June, 2010

    Please retract last comments.Sorry

    ReplyDelete
  8. Which anonymous comment would that be?

    ReplyDelete