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"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.

Worse Case Scenario possibly unfolding - alas, just FAKE NEWS from TOP HUTTONS REP!!!

It looks like our ex-CSC member / Huttons Top Rep / ex-TC resident is about to spill the beans on the Terms and Conditions of the S&P on her website here. 

She bills them as "Mystery Conditions" but leaks that 'they need 80% of the owner's signature again'

AGAIN! The horror! This is the worse case scenario if it is true. It could be a typo error on her part as her website is full of grammatical errors (a great website none the less), and she was entirely wrong about TC Rd 1......  but if I take what she has written literally then...

Does this mean that the Sales Price has gone below the RP?  Will the CSC be asking owners to sign again for less than $1.7m/unit? Will our estate be sold for a pittance? Are we following Shunfu and their yo-yo RP (though we'll be the losers in the end)? Did the $1million bidding fee follow market practice or was it to scare away potential bidders? 

In which case the power now lies with the Owners to accept the Sales Price being offered and the conditions along with it. Good Grief, please say No! We can always go back to the drawing board, and go through the stages quickly with a more competent team. This is not the last chance saloon. I warned of this again and again 

What does she mean by 'One Final Signature needed to make En Bloc history'??

Turns out this is FAKE NEWS from a TOP HUTTONS REP! 
Tracy G. is a 'Senior Division Director of Huttons Real Estate Group. 
She was the recipient of the Top Producer Award 2016
She sold her unit(s) before the increase in RP
She is registered with CEA as a Huttons employee

The CSC has come out with a disclaimer on their FB page
They also claim she has left Huttons. This fact is not reflected in her webpage nor the CEA- so it must be pretty recent.

Storm in a tea-cup -- but a total lack of professionalism being shown here.
A case of sour grapes, perhaps?

15 comments:

  1. Normanton park enbloc $800m

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  2. Game over if need to sign again..

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  3. It's very unprofessional for an employee of the TC MA to publish such an article.

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  4. How exactly was Shunfu played out???

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    Replies
    1. Hmm.. my error, I meant panned out

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  5. All this is far to speculative for my taste. It does nothing but start unfounded rumors. That Hutton's lady ought to be reprimanded by her boss.

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  6. Yes. She needs to be reprimanded. Full of fake news. Deal at 970 m has just been closed tonight. Pls get those who hv not signed up to do so this Friday.

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    Replies
    1. Please confirm the source of your info. There is too much fake news all over.

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    2. Why didn't TC FB report that deal has been closed?

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  7. Very disappointed to see this coming from Tracy. it shows that anyone can post fake news, including fake news on this blog. Even the blogger was assuming it came from Huttons.

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    Replies
    1. She hasn't left Huttons according to her website. She is registered on CEA (Public Registry for Estate Agents) as working for Huttons. So where is the proof she has left?

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  8. Im sorry, but is this a criminal offence to post fake news?

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  9. Very confused, sincerely hope the Facebook news is 100% true.

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  10. She has left Huttons!

    Assume that everything on her blog is fake! A big fraud!

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  11. Sour grape changes comments in the website. We must be united.

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