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.

SHUNFU VILLE (EX-HUDC) SOLD

NEWSPAPER REPORT HERE 

SHUNFU VILLE sold for $638 million - with each owner pocketing $1.78 million. This would be considered a very good sale and a job well done by the respective sale committee. 

The newspaper article gives a lot of information but fails to mention the DC/DP. The sale price could NOT have included the DC/DP since $638m/358 owners = $1.78

Looking further down the article it said  "an asking price of at least $688 million or $791 per sq ft (psf) per plot ratio."  

In order for this to be true, then the DC/DP would have to be around $217m (see table)

SO... since the MA is going to try simple math on us poor simple owners come the next EOGM... I have my own simple reverse math to propose (see table).




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