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.

HUDCs in the News





4 comments:

  1. Read MND's Blog on en-bloc
    http://mndsingapore.wordpress.com/
    En-bloc has its pluses and minuses. It can rejuvenate the city by removing old and dilapidated buildings. It enables owners to trade their units at a premium price if their units are sold collectively.

    But if done excessively, en-bloc activities can waste resources, if relatively new buildings are prematurely demolished.

    Moreover, not everyone favours living through an en-bloc exercise. Some owners resent losing the home and community they have grown to be comfortable in. In some instances, neighbours have turned against each other in the lead-up to obtaining the requisite 80% signatories.
    En-bloc activities reached feverish heights in 2006 and 2007, when some 10,200 housing units were sold for redevelopment. This added stress to an already hot property market as housing units were removed from the market, and displaced owners or tenants had to look for replacement properties to stay and invest in, pushing up property and rental prices.

    - my observation, the way it's written, en-bloc has more minus then plus. The minister seem to prefer at this time that en-bloc be kept low so as not to put more stress to the already hot property market. (which was one of the causes of higher resale HDB COVs).

    Hence, SC, wrap up your work, pack up and forget about en-bloc of TC. Stop wasting time.

    ReplyDelete
  2. Well said! Let me add.

    Although optimism and action can benefit others, there is never a right time to do the wrong thing! Why keep pushing when the momentum has begun to recede.

    With uncertainties building around and one can never be immune by it. It is never wrong to halt, pause and or request for a time out to re-strategized.

    Why re-strategized, going through the failed 1st round and with 4  EOGM behind, one should be in the position to gauge the estate's need and wants.

    Why keep applying the same old formula!  "sign, pay and get marketed". That's one reason many of them do not want to sign! (me included) There must be a better innovation?

    Remember, don't try to save face either, by trying to save few faces, it can short change each and everyone.

    There is always time to do it again!

    ReplyDelete
  3. Read this, read this, it's what I was saying all along, and I am not even an expert!
    http://imcmsimages.mediacorp.sg/CMSFileserver/documents/006/PDF/20120127/2701PCC040.pdf

    ReplyDelete
  4. Does the SC ever read this blog!!!!

    Given the widespread unhappiness posted here, the consensus is crystal clear. The EBS is destine to fail. So what's the point of going against the headwind. Call the EBS off. Peace at last.....

    ReplyDelete