"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.

Collective Sale flying on Autopilot.

The ex-Vice Chairman, Mr. Vasan, has tendered his resignation from the Sale Committee. 

This is not good news for the collective sale as he was the only SC member with a firm grasp of both the LTSA rules and the importance of doing due diligence on the RLV. There is now no one at the wheel and the collective sale is effectively on auto-pilot. 

Tampines Court owes him a debt of gratitude for getting this far. Perhaps he'll share with us his reasons for resigning, perhaps not. We shall see.

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