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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.

SC meeting: 03 May 2011

SC Minutes 3 (Edited)


Note
4. Some observers opined that the Process of appointing MAs must be transparent. On behalf of the SC, Mr Srinivasan clarified that the committee us ensuring to keep the process as transparent as possible and any resident is welcome to go through all the proposals received by the Sales Committee and any related correspondence with the Sales Committee.

The committee decided to seek the shortlisted MAs to resubmit their proposals in a uniform format as per attached draft for presentation at the EGM ......

 It would be good if Owners who are  'in the know'  take a look at these proposals before the AGM in June. I hate EGMs where vital information is unknown and owners have to decide on matters without prior knowledge or proper analysis, because ultimately, it is not the SC's decision, it is the owners.

So go on, get a copy.


27 April 2011


Why is this unsigned Notice on MCST letterheaded stationary????

The rules forbid the use of estate money for collective sale matters. This includes the use of MCST stationary and photocoping machine.

Update:
The offending Notice have been taken down and replaced with another bearing no link to the MCST and signed by the SC Chairman.  

6 comments:

  1. Hi. thank you very much for keeping everyone updated. Without your blog, everyone will be kept in the dark. I attended the 2nd meeting which 5 marketing agents presented. Do you know what is the agenda of 3rd meeting ? The person who put up the notice should state clearly. -owner of TC

    ReplyDelete
  2. No, I don't know.

    I presume it is the meeting mentioned in the minutes to shortlist the 2 marketing agents for the EGM - since both minutes and meeting notice were put up on the notice board at the same time.

    ReplyDelete
  3. Anonymous11 May, 2011

    ERA has no track record for large scale en-block such as TC, google "ERA en-bloc" and it got me to this site:
    http://sites.google.com/site/dairyfarmestate/dfeenbloc
    Those that ERA is representing are only about $100mil
    I also google "KSCGP Juris LLP" - no web page, didn't see any en-bloc handled by this law firm.

    Are we still serious about en-bloc?
    You go to be kidding.

    ReplyDelete
  4. Anonymous14 May, 2011

    One important piece of information, the projected timeline of the proposed reserve price, was not stated in the minutes.

    I suppose the RP is what we will get in 2 to 3 years time if we estimate based on the progress of TC enbloc1.

    If we only get $1.xxM (based on the highest proposed RP) in say July 2013, it may be insufficient to get a replacement unit by then.

    I hope that the SC could tell us the projected timeline for the projected RP for us to make right decision.

    Regards

    ReplyDelete
  5. Anonymous19 May, 2011

    Hi itshometome,

    Who do I contact to obtain a copy of the proposals resubmitted by the two shortlisted MA's?

    I want to be fully up to speed before the EGM in June.

    Thanks

    ReplyDelete
  6. The only avenue of contact is the email they have provided:

    feedbacktampcourt@yahoo.com.sg

    ReplyDelete