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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.

EOGM 3


Caught only the last 20 minutes, so I have no idea what transpired in the main. 


My impression: a small group of dedicated enbloc residents. The Sale Committee and Co. would have been speaking to the converted I imagine. Any protestation would have fallen on deaf ears also. I had no intention of speaking but really, when a resident suggested that the sale committee be allowed to sell below the valuation, well, that was just too much to swallow. The Valuation at time of tender is a LTSA safeguard to protect the minority from an over zealous SC from underselling the estate.  I asked someone at the back who was just there for a look-see like myself if anyone challenged the MA's figures... apparently not. 

Well, as I said - the converted need no persuasion. 

The RP is a pittance any which way you look at it. 

The signing of the CSA began after the meeting, so they have until 24 Jun 2017 to reach 80%. Expect Notices every 4 weeks on the notice board. 

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