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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.

Quorum

The sale committee has 12 months from the date of their election to get a CSA, ratified at an EGM, up and running with a single signature. We are at the tail end of that prescribed period with only 25 days to go. There is only one chance left to hold an EGM and this is it. Everything depends on the 30% quorum being reached on Sat 7 January.

Will they make it?
Judging by the turnout at EGM 3, there is a possibility that the pro-enbloc contingency do not in fact number greatly in the estate. 


The quorum was reached with just 3 minutes to go, and that only because a lady turned up with a few proxies. Had the no camp owners declined to attend, or at least held back their registration until after the quorum was reached.. well, perhaps there would not have been an EGM 3 at all.

But I am sure there are people busying themselves gathering proxies.

ON THE MATTER OF REGISTRATION; this is what the managing agent has to say:

3 comments:

  1. The MA and Lawyers have put in many hours of work into TC enbloc sale.

    Please be aware that they will try all means to get residents to sign the CSA and sell TC in all possible ways in order to get their profit.

    ReplyDelete
  2. To Anonymmous -- "MA & Lawyers......"
    Please note that they are not doing social works for free in TC. They are motivated by the huge reward if they can get a developer on board. All their long hours spent in TC will be richly compensated

    ReplyDelete
  3. Die die will make you sign.

    ReplyDelete