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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.

They're back

I have to admit to thoroughly enjoying the last six weeks of en bloc silence. Not being bothered by CSAs or EGMs put us back into a normal mode of living (by enlarge).. I even nurtured a faint hope that perhaps the sale committee had disbanded and all matters en bloc abandoned ... but alas, it was just a dream. It was nice while it lasted, though.

They are back with a bang.

Two sets of Minutes and a Meeting Notice for the next meeting to held on 19 Nov. The as yet unseen draft CSA will be presented to the owners in January (tentative date 7.1.12) for their approval. I shall not be commenting on this CSA until after all owners have received their copy along with the Notice for EGM.
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One more SC member bites the dust, so that brings the number down to 9 in total. Still a large group by any measure.

6 comments:

  1. Hurray! So happy the SC is back.With prices of TC falling down the cliff(960K AND 935K)be Wise and take your money and run.Prices spike up only because possibility of en-bloc.See how they come tumbling down when en-bloc seems dead.
    Thanks a million SC.

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  2. It's silly to relate enbloc price to transacted prices of individual units be it $930K or $1.17M. We are selling the land parcel. Give us the right price or let us keep our land. Period !

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  3. Economy world wide is going south in 2012, the end is near. The Singapore Government is saying 1.5 to 3%, they don't put up these numbers out from the blue.
    Economists thinks there's chance it'll be less than than if things gets worse.
    Developers will be very careful about spending next year, especially the next few launches are not really taken up due to the slow down.
    SC, you can stop your effort. En-bloc is not going to happen. Developers may buy land, from GLS, not large estate en-bloc like TC.

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  4. TC collective sale is not going to happen even if the price is attractive to buyers. The amount is too large and too much at risk to the buyers. Unless the price is reduced to about $500 psf ppr, it is not going to happen.

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  5. Most of the negativity tt proposes tt sale price is right at the lowest price may be from ppl with interest.like Imany of us have said 1.8 to 2 m we will agree. Other then that the developers and agents will b the only ones walking off with a smile and laughing their way to the banks. If we cannot meet the price then wait till the market recovers. In Singapore there are very few places with apartments this brigand land mass of this size. There are ppl out there who are willing today really good price for this size so be patient I less you intend staying in a really small placeie 1000sf and in today's context from the fat cats who are agents and developers that's a nice size. What's joke....

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  6. When will our Sale Committees going to wake up to the real world reality?

    Given the current gloomy economic situation painted by world top economists across the world, our en bloc sale is destined to FAIL. What is the points of confronting the headwind when you can never win? Your reward is only BITTER DISAPPOINTMENT.

    Forget EB, just enjoy the traffic noise from TPE

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