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.

SP Meeting on 1st July


The SP meeting will be held in the Activity Room. This is a room the size of 2 bedrooms with a maximum capacity of 30 pax. (confirmed by the managing agent). There are 560 units in the estate so around 1000+ owners. If one of their stated reasons for delaying this meeting was to contact as many SPs as possible then the SC had better hope 95% of owners don't turn up. There will be no room for them even holding the meeting twice. 

Holding the meeting twice means 2 sets of owners will not be hearing quite the same things. Questions from one set will not mirror the other. The tone at the meetings might also be different. 

FB page:

9 comments:

  1. Anonymous13 June, 2017

    very simple to link up live streaming using facebook from the activity room to the void deck, including taking questions from audience at the void deck if no space. make IT work for us.

    ReplyDelete
  2. Anonymous13 June, 2017

    Why not they rent SAFRA auditorium or Changkat CC Hall for SP Meeting?

    ReplyDelete
  3. Anonymous13 June, 2017

    Maybe expecting small crowd ...

    ReplyDelete
  4. Anonymous13 June, 2017

    No need to ask so many question, let the developers ask. chop-chop close shop and send out tender the next day, preferably after the meeting. one day later means one day more for enbloc to fail.

    ReplyDelete
  5. Anonymous13 June, 2017

    lol.... do we all need to squeeze into the little area to hear their speech?

    ReplyDelete
  6. Anonymous14 June, 2017

    FB Page : Tender will launch on 4 July 2017 and close on 15 Aug.

    4 Jul to 15 Aug is only 6 weeks duration. Do we need to provide 7 weeks for tender ? Tender should close on 22 Aug instead of 15 Aug ?

    ReplyDelete
    Replies
    1. Trying to locate the origin of '7 weeks tender'... RG's tender was 5 weeks (1 Sep-5 Oct),
      Tampines (Plot C) GLS - 6 weeks. There is no mention of tender length in the LTSA though they did say a private Treaty can only be entered into within 10 weeks of close of tender. It seems the 7 weeks came from the CSC Facebook posting on 1 June 2017 at 19.46

      " We have achieved 81.99%!!
      1)
      2)After the EOGM, the estate will be launched for collective sale and the tender will close after a period of about 7 weeks."

      Delete
    2. Anonymous14 June, 2017

      ok Thanks. So 7 weeks is not LTSA requirement.

      Delete
  7. Anonymous15 June, 2017

    Facebook post on 12 June suggests latest % will be posted today. Anyone seen the new total?

    ReplyDelete