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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.

GOSSIP ON THE AIRWAVES


I heard it from a little bird that the meeting held on 18 Sep 2016 did not go as smoothly as hoped.

Apparently, the MA implied that the lifts in the estate were not safe. That the recent $1million upgrade didn't change the main cables ... or something

Management Committee members who happened to be present took umbrage at this outrageous claim and words such as 'SUE YOU' were liberally bandied about. 

The ancient lifts and the imminent danger they posed were a potent signing tool in Rd1 and Rd2. Alas, in Rd3 they had been renewed/refurbished and were good to go for another 20 yrs. The chairman of the SC (being an engineer) was instrumental in getting them replaced and sat on the Management Committee for just that cause. He oversaw the works carried out and can attest to any matter concerning the lifts.

Is he now going to sit back and let the MA rubbish his project? Is he going to turn around and tell SPs that he allowed $1,000,000 of the estate's sinking fund to be wasted on lifts that STILL pose a danger?

Surely not. If the MA did indeed imply that the lifts were unsafe, I hope the SC chairman will come out strongly in their defence and shoot down any such malicious rumour to the contrary.

The signing has flatlined and so we shall no doubt be inundated with all kinds of crazy scare tactics to get people to sign. 

Let's remind ourselves of the ridiculous 'Tilting staircase' claim from Rd 2.

2 comments:

  1. Anyone received a letter from SC dated 3rd Oct? I am not sure what they are doing is the right conduct of SC and in any case, most points can be rebutted. Aren't they suppose to represent SPs to sell at highest possible price and not acting like MA trying desperately to get us to sell as quickly as possible at low price.

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  2. Yup. I did. As usual trying to instill fear in residents. So poor things say it's a thankless job. If we don't sell enbloc no one will want to start another SC in the future. Still sticking to their price.

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