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."
Drop Down MenusCSS Drop Down MenuPure CSS Dropdown Menu
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.

Tampines Ave 10 Parcel C Land Sale

https://www.ura.gov.sg/uol/land-sales-repository/Sites/tampines-av10-pc-cl.aspx



BIDDERS



OVERVIEW OF TAMPINES AVE 10 GLS

11 comments:

  1. Last round at 1.8mil I didn't sign. What makes u think I will sign now!!! And u even have the audacity to come to my place and talk to my Mother!!! Get off our property!!!!

    ReplyDelete
  2. Who you talking to and what does it have to do with this post?

    ReplyDelete
  3. Obviously, first part directed at SC/MA; writer disapproves with their RP.
    Secondly, at Huttons sales team. He's quite perturbed by their sales tactics towards Mum.
    This comment more fitting sent to TC Enbloc FB, but it's in deep sleep. Can't fault him.

    ReplyDelete
  4. http://www.businesstimes.com.sg/companies-markets/cdl-tops-bid-for-tampines-residential-site-with-s3701m?utm_campaign=Echobox&utm_medium=Social&utm_source=Facebook&xtor=CS1-3#link_time=1493116738

    ReplyDelete
  5. SC/MA increased RP by $200,000 trying to get 80% before 24 June deadline. As usual, SC/MA never tell us how they derived this $200,000 ? Why not $300,000 or $400,000 ?

    ReplyDelete
    Replies
    1. How right you are!
      RLV workings would be most illuminating.
      SC/MA are duty-bound to be open and transparent to all. Making RLV available on request to all interested SPs will accord our team with renewed respect and credibility. Besides inspiring confidence, it would assure all, the propriety accorded to this collective sale.

      Delete
    2. Their RLV would have to be very similar to my own given to them 1 YEAR AGO - I think they should hang their heads in shame and quietly leave the stage. Had they started out with the correct RLV from the outset- instead of taking the MAs word for a quick sale - they wold have had their 80% in 6 months. Better now to wit for round 4 whereby the STARTING RP will be at a figure most SPs can stomach.

      Delete
    3. I remember a comment about your figure as "too rich"
      Looks like Decision Maker (top honcho?) from local Developer is the same guy with vested interest in Tampines Court advising our SC/MA your value "too big to swallow".

      We now know Huttons RLV it "too minuscule", SC's proposal "too timid" and yours just plain "fair and decent"

      Care to share with us who's the 'Decision Maker from Local Developer' SC? Don't want to get it wrong twice...for round 4.

      Delete
  6. They have increased the RP to 1.XXm. Not sure what are they trying to do
    (slight edit from itshometome)

    ReplyDelete
  7. They are trying to extract more $$$ to all the residents in TC.

    ReplyDelete
    Replies
    1. You Wish!

      Our SC have never had the courage of their conviction to do the right thing. Showed no moral courage to act decisively in Conflict of Interest in selection process. Found seriously wanting in their Duty of Transparency to SPs. Keeping SPs in the dark is their favourite pastime.
      They have a penchant of saying things that they don't believe in; making promises that they cannot honour.

      After all that's been unmasked these past year, you still trust SC/MA put our interest foremost? Unbelievable!

      Delete