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.

We are not alone


You know it's a slow news day when the cleaning woes of a housing estate (HUDC Braddel View*) makes it to the front page. But even still, there is something here that we should all be reminded of;  that every estate has it's fair share of problems and there is no such thing as a problem-free environment

The AGM for Tampines Court is this Saturday. There may be owners who will raise issues and try to frame them either as shortcomings of the management committee or evidence that the estate is falling apart.
A level headed person can tell the difference between hyperbole and wear & tear. Paint peels, pipes rust, corridors need to be swept etc. These are common occurrences and are dealt with in the normal course of managing an estate. There's no need to panic.

Let us remember that the estate has been well managed over the past year, the accounts are in the black and there has been no disaster. The neutral MC are proposing only  modest and sensible resolutions. Only small matters can be dealt with when the threat of a collective sale hangs over our heads. The larger issues can be tackled after the attempt has failed.

* Braddell View is the only HUDC estate that has not been offered privatisation under existing law. The estate was built in two phases, in two land parcels and has two land expiration dates. Residents will need to top up the lease tenure of the land parcel with the shorter lease to align it with the longer one.

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