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.

Gilstead Court COA - or BULLIES BEWARE!

Another brilliant decision handed down by the Court of Appeal. 


In a nutshell:
  • The High court has no power to change the terms and conditions set out in the CSA after the fact - in other words they cannot first rule that there was bad faith and then 'fix it' so that the sale can go through.  Hurray to that.

  •  The CSA cannot contain punitive clauses for non-signatories - because 

 an SP has the absolute right not to sign the CSA, for whatever reason he or she might have. The law still expects that such an SP will be treated fairly...... No SP should ever feel compelled to sign a document he or she does not agree with because of undue group pressure or the fear of suffering penal consequences, whether covert or overt.

  

1 comment:

  1. Good to know that u are keeping an eye out for this round. Was wondering whether u have switched camp or not. Heard that they are actually stating $1.1 mil to $1.4 mil per unit as their target. What a laugh. Let's see how it goes. Alfred Chong.

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