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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.

$950,000 for TC unit

2 comments:

  1. Hi, your prediction of 1m in march 2011 is out the window... prices drop to below 900K.

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  2. Sales stop in their tracks once you start en bloc.
    2004: 12 sales
    2005: 17 sales
    2006: 4 sales (enbloc 1)
    2007: 0 sales (enbloc 1)
    2008 11 sales (Aug - Dec)
    2009: 81 sales
    2010: 64 sales
    2011: 4 to date

    There could still be a million dollar sale yet, but doubtful since people will hang on to 'see what happens'. Also, only speculators would buy into the estate now, genuine home hunters would look for a more stable environment.
    So, a collective sale is bad for resale prices, as we no longer will follow the market.

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