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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.

Missing EGM Minutes etc

The SALE Committee should be renamed the SILENT Committee. It has been one month since the EGM2 and NOT A WORD from them to the owners.
  • Owners have not been informed about which marketing agent was selected
  • Owners have not been informed about which en bloc lawyer was selected. According to the explanation given by the managing agent at the AGM held on 21 Aug 2011, there was a Summary of that meeting put up on the Notice Board. I don't remember seeing one, do you? I don't have a record of a Summary from the managing agent. 
  • Owners have yet to see a copy of  EGM 1 minutes. There is a Transcript of the meeting, but if owners want a typed copy they will have to pay $100 for it. If they want a CD copy they can request for one at the Office.  No minutes were attached to the Notice of EGM 2.
  • Owners have yet to see a copy of  EGM 2 minutes.. The EGM 2 Minutes will be written by the Sale Committee and the managing agent will print and attach a copy to the Notice of the EGM 3
  • Since no notice of SC meetings has been put up on the notice board, does this mean the SC has not met since 2nd July? 
  • Has there been a change in protocol now that  an  en bloc lawyer is on board?
 From the Third Schedule:
    Keeping of records
    9. —(1) The collective sale committee shall keep minutes of its proceedings and shall cause minutes of general meetings convened in accordance with the Second Schedule to be kept. 


    (2) If the management corporation is required by its by-laws to maintain a notice board, the collective sale committee shall cause a copy of the minutes of a meeting of the collective sale committee to be displayed on the notice board within 7 days after the meeting.
     

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