I have to admit to thoroughly enjoying the last six weeks of en bloc silence. Not being bothered by CSAs or EGMs put us back into a normal mode of living (by enlarge).. I even nurtured a faint hope that perhaps the sale committee had disbanded and all matters en bloc abandoned ... but alas, it was just a dream. It was nice while it lasted, though. They are back with a bang.
Two sets of Minutes and a Meeting Notice for the next meeting to held on 19 Nov. The as yet unseen draft CSA will be presented to the owners in January (tentative date 7.1.12) for their approval. I shall not be commenting on this CSA until after all owners have received their copy along with the Notice for EGM.
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One more SC member bites the dust, so that brings the number down to 9 in total. Still a large group by any measure.
Hurray! So happy the SC is back.With prices of TC falling down the cliff(960K AND 935K)be Wise and take your money and run.Prices spike up only because possibility of en-bloc.See how they come tumbling down when en-bloc seems dead.
ReplyDeleteThanks a million SC.
It's silly to relate enbloc price to transacted prices of individual units be it $930K or $1.17M. We are selling the land parcel. Give us the right price or let us keep our land. Period !
ReplyDeleteEconomy world wide is going south in 2012, the end is near. The Singapore Government is saying 1.5 to 3%, they don't put up these numbers out from the blue.
ReplyDeleteEconomists thinks there's chance it'll be less than than if things gets worse.
Developers will be very careful about spending next year, especially the next few launches are not really taken up due to the slow down.
SC, you can stop your effort. En-bloc is not going to happen. Developers may buy land, from GLS, not large estate en-bloc like TC.
TC collective sale is not going to happen even if the price is attractive to buyers. The amount is too large and too much at risk to the buyers. Unless the price is reduced to about $500 psf ppr, it is not going to happen.
ReplyDeleteMost of the negativity tt proposes tt sale price is right at the lowest price may be from ppl with interest.like Imany of us have said 1.8 to 2 m we will agree. Other then that the developers and agents will b the only ones walking off with a smile and laughing their way to the banks. If we cannot meet the price then wait till the market recovers. In Singapore there are very few places with apartments this brigand land mass of this size. There are ppl out there who are willing today really good price for this size so be patient I less you intend staying in a really small placeie 1000sf and in today's context from the fat cats who are agents and developers that's a nice size. What's joke....
ReplyDeleteWhen will our Sale Committees going to wake up to the real world reality?
ReplyDeleteGiven the current gloomy economic situation painted by world top economists across the world, our en bloc sale is destined to FAIL. What is the points of confronting the headwind when you can never win? Your reward is only BITTER DISAPPOINTMENT.
Forget EB, just enjoy the traffic noise from TPE