"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.

Florence Regency

Florence Regency has set their RP at a dangerously low mark. People assume that just because other estates have attracted multiple bids, that theirs will, too.

  • But what if there is only 1 bid - at or near the RP? Will owners be truly happy that the sale goes through on the lowest possible offer? 
This is also the worry with Tampines Court. I believe the RP is now on the low side - and we are more likely than the other estates to attract the lowest number of bids due to our fantastic size. What if we only have FEO skulking in the wings with an offer of the bare $1.7m/unit? Or worse, a private offer of $1.6m - take it or leave it? Will the SC come back to the owners at the next SP meeting having signed a conditional sale (or option to purchase agreement) and begin the process of trying to get owners to lower their expectations? A small chick in the hand is worth a bird in then bush? 

Will the lawyers use their possibly erroneous method of finding the difference between the RP2 and the lower RP4 to reach a new 80%? 

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