Botanic Gardens View

Here they go again at the BGV estate. I have been keeping a close eye on the goings on there for quite a while - a few owners keep demanding transparency and consideration, yet the SC and the property agent (surprise, surprise as to who they are, do they have their fingers in ALL the pies?) seemingly bulldoze ahead regardless.

Restarting En bloc - by NOT being fair to owners

It looks like the SC are seeking ratification for their CSA through the mail - and giving owners very short notice to respond. As I have heard time and time again - if an owner does not object or make his opinions known then he is supposed to have acquiesced to the proposal/decision.

The SC and property agent are being very bullish and high handed in their dealings here. They are also ignoring the directive given by the then DPM Prof S Jayakumar in the Second Reading Speech on Land Titles (Strata)(Amendment) Bill on 20 Sep 2007; in which he said

"12. The sale committee shall convene general meetings to consider key issues such as the appointment of any lawyer, property consultant or marketing agent, the apportionment of sales proceeds, the terms and conditions of the CSA; and the terms and conditions of the S&P agreement. These changes will ensure that the owners will have the opportunity to discuss key issues before consenting to them."

Seeing as the last EOGM was 14 months ago; the proper thing to do would be to hold another EOGM to discuss further with the owners the important matter of the terms and conditions set out in the CSA and the method of apportionment of sales proceeds. A decent SC would do the decent thing - a group of gangsters will try to push it through as fast as they can, sailing very close to the minimum requirements of the LTSA.

Note:

The SC are in power indefinitely as their tenure is only fixed to one year from first date of signing the CSA, which hasn't begun yet. Any future SC in Tampines Court should have their pre-CSA tenure fixed to 6 months, otherwise the estate is left hanging in the wind. Owners must demand this.

From the THIRD SCHEDULE

7.-(1) The collective sale committee shall convene one or more general meetings of the management corporation in accordance with the Second Schedule for the following purposes:-

Before CSA signing begins 7-(2)

a) to consider the appointment of Enbloc lawyer and Property Agent (no 2)

b) to consider the apportionment of sale proceeds (no 3)

c) to consider the terms and conditions of the CSA (n0 4).