Disclaimer






"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.

TRACK RECORDS

Since the SC has shortlisted 2 marketing agents for owners consideration at an EGM tentatively set for late June 2011 - let's see what we can find out about these two particular agencies. Since it is not easy to get such information, I shall have to add as I go along..

TEAM ERA
Pine Grove, Eng Tai Mansion, Gilstead View, Glenville, Sea Breeze ApartmentsCairnhill Gardens, Char Yong GardensChez Bright Apartment, Holland Tower, Kim Yam Mansion, Newton Meadows, Nuang Court

The sole law firm (to date) is KSCGP Juris LLP ( formerly known as K. S. Chia Gurdeep & Param). Founded on 1 April 1993, KSCGP Juris LLP is a multi services law firm with 16 lawyers under its wing and a full time staff support of  more then 75 personnel in 3 law offices.

Whilst Marketing agents love to have their names in print (little known Credo surged to No.1  after it's Farrar Court success), legal firms are far cagier and are rarely mentioned in the media in connection with collective sales.

7 comments:

  1. Anonymous12 May, 2011

    Question, why was Credo not given a chance to present for SC's review?

    ReplyDelete
  2. According to their minutes; Credo was invited but declined to participate.

    ReplyDelete
  3. Anonymous14 May, 2011

    Anonymous said:
    why was Credo not given a chance to present for SC's review?

    ReplyDelete
  4. According to the minutes, they were invited but declined. They probably have their hands full at the moment.

    ReplyDelete
  5. Anonymous20 May, 2011

    So looking at other en-bloc, we should remove these MA, their recommendation are (deleted by itshometome).
    I don't think TC can fetch $2.2mil per unit like Laguna Park, but (deleted) per unit is certainly underselling! I'll certainly object!

    ReplyDelete
  6. Anonymous20 May, 2011

    Wondering is blog owner going to change the first page "1.7m is underselling" to reflect lower MA reserve price?

    ReplyDelete
  7. Anonymous21 May, 2011

    Land is tangible & fixed asset, price is suggestive & fluctuates with market condition. We don't have to chase after the market. If price is not right, we don't sell. As land is getting scarce each day, the value of our land only goes up not come down.

    Let's hold the enbloc.

    ReplyDelete