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."
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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.

Serangoon Ville Enbloc






8 comments:

  1. Anonymous21 June, 2017

    Really hopeless, big deal also no urgency til other hudc catch up now to tender before us !

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  2. Anonymous22 June, 2017

    some majority SPs are still deluded, thinking selling TCis like playing poker and not to show weakness....think developers who have a billion on hand are dumb when they are in the game for decades.

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  3. Anonymous24 June, 2017

    Some crybaby jump from TC FB to here. He think just because he post anonymous here nobody will know who he is. The way he writes show his tail because nobody is like him start to scream each time he panic. Lol

    ReplyDelete
  4. Anonymous24 June, 2017

    Some anti-enblocers are brainless & hopeless. Always like to condemn the majority under the cover of minority. I won't be surprise they will be asking stupid & brainless questions during the meeting just to disrupt it.

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  5. Anonymous25 June, 2017

    ah, the lol guy is back again. thats the only thing he is good at.

    ReplyDelete
  6. Anonymous25 June, 2017

    Damn silly. Just because of one news article of another enbloc start to panic & demand new strategy. At this stage, what u expect SC/MA to do ? Lower RP ?, call for tender straightaway? How silly can some anti-enblocers get ? Geez....

    ReplyDelete
    Replies
    1. Anonymous27 June, 2017

      I have a more favorable opinion of SPs of Tampines Court; after all this is our third enbloc.

      All 4 ex HUDC enbloc closed above 700 psf ppr, the latest above 900 with last 2 achieving a payout more than $2 mil. Pundits are sanguine about enbloc deals. Serangoon Ville starts their RP at 720 psf ppr. Certainly not an irrational, knee jerk reaction to a solitary news item.
      Or maybe SPs are more concerned of a host of other enbloc potentials sprouting up all over our island. Even Normanton Park Pro Tem SC have decided to fast track their attempt and started garnering 50% signatures to reform the CSC again. There is a sense of urgency.
      Perhaps it's the threat of competition from other more focused and determined committees overcrowding the enbloc scene, offering buyers wider range of choices for comparison, diluting our windfall that worries our helpless SPs.

      We are all aware that MA's recommendation is for a middling RP to encourage a bidding war culminating in offers well above RP.
      This Collective Sale is completely on CSC terms; the timing, RP, tactics and execution. Too late for any actionable advise from silly SPs.
      Hope, pray our CSC have a plan that works.

      https://www.theedgeproperty.com.sg/content/collective-sale-hopefuls

      Delete
  7. Anonymous26 July, 2017

    How is serangoon hudc's bidding result ?

    ReplyDelete