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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.

End of the road for enbloc



From the Minutes of the SC Meeting held on 11 Jan 2013:

As of 11 Jan 2013, 36% of the SPs had signed the CSA. The enbloc exercise has lapsed as it did not attain 80% consensus despite best efforts by SC. The meeting was convened to decide on the procedure on the refund of the en bloc fund.

(details on procedure can be found on the Notice Board)

The Sales Committee recorded a note of thanks to the SPs who have extended their support to the SC for the past 1 year.


10 comments:

  1. Im eager to know the result of Dec 13 notice.Come Jan 11 i wish the SC publish a report on why this enbloc failed or at least the total signatories that we TCers have a right to know.This would be useful guidance on setting RP to achieve 80% for future attempt.I m comfortable here but if the price is right for me,NOT DEVELOPERS,the CSA fair to owners,SC shows leadership and knowledge I will sign.After 2 attempts we TCers are experienced in enbloc matters.We may even have more enbloc experience than legal team n property agents in any future enbloc.Lets take a long break and hope the next enbloc,we have a good RP,fair CSA and a competent and focused team to lead TC to a successful collective sale.Your experience and feedback is most useful SC.



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  2. @The wrong MA was chosen

    Until today I still cannot understand why MA engaged an architect to draw the future TC Development Plan and the Drawings were shown in the 1st EGM. After that, the Development plan was not mention at all in subsequent EGMs.



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  3. Let hope TC be back in place, seem like everything falling apart grass not cut, garden not care , perimeter fence halve working and halve almost not lighted for 6 mths. New gate at guard post taking so long to construct . Let TC be in pristine condition

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  4. And thank you itshometome for this great blog.
    I suppose it'll be great to revive this again when it is needed again.
    BIG THANK YOU and Happy New Year to you

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  5. if itshometome is a SC member,i'm sure the result will be difference. i n my 5 neighbours have an intention to sign the CSA but because
    of the low signing percentage and end up no one signing, very disappointed.

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  6. ********************,i'm sure the result will be difference. i n my 5 neighbours have an intention to sign the CSA but because
    of the low signing percentage and end up no one signing, very disappointed.

    (edited)*

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    Replies
    1. Crocodile tear!

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  7. I suppose alot of fears and also everyone is looking at everyone... so basically almost all followers and no leaders(according to comment 5).

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  8. Although its not official-The collective sale has failed.Those responsible should remove all outdated notices.Lets make it official and release the final signatories and financial report.This last act will bring closure to enbloc 2 saga and end rumours and speculation.I want to move on.

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  9. Realised a lot of units in TC for rent now, will the enbloc decision affect the new tenants?

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