Since then, there has been:
- No summary of that meeting posted on Notice Boards
- No sign of a CSA
- No information on the SC website (abandoned?)
- No requisition for EGM 4 at the MC office
- A request made to the MC for the units which have bought over the recess area (according to the latest MCST meeting minutes). So at this late stage, they are still mucking about trying to find out basic details.
After the last EGM, there was a non-productive SC meeting held on 1st Oct and nothing since. If they are planning to have an EGM4, it cannot be any sooner than the 3 Dec now. December is a month when many owners will be away on vacation, so perhaps they might even be planning to skip December altogether and make a last-ditch attempt in January.
They only need a valid CSA before the 28 Jan 2012 midnight deadline.
Perhaps this sale committee should do us all a favour and throw in the towel now. Even the strongly pro-en bloc crowd have gone quite over the last while. The optimism at the beginning has all but died and I don't know anyone who believes this sale has a snowall's chance in hell of happening. Not this time round. Thousands of sinking fund dollars have been spent on this useless exercise to date, we should recognise now that it is dead in the water, that there can be no chance of success in the present uncertain financial climate. If there is no CSA at the 1 year deadline then the sale committee will dissolve automatically and spark a 'relevant' event in accordance with the 2nd Schedule.
TC is still suffering from post enbloc failure syndrome...
ReplyDeleteLaguna Park - Fail
ReplyDeletePark West - Fail
Tulip Garden - Fail
Pearlbank Apt- Fail
Looks like TC is going be be a failure too...
missed the boat!
The failure of the recent enblocs is a reminder that developers will not pay any price we ask. Many of the enblocs are in better location then ours. There is no chance now.
ReplyDeleteTo anonymous who said " the failure of the recent enblocs is a reminder that developers will not pay any price we ask...." blah, bah, blah.
ReplyDeleteI say unto you "let it be, let it be". The land is ours, and we will not sell until we get the right price. Without land the best developers will not survive in their business. Let's see who has the last call.
I love TC!, it's fantastic piece of land & , location with recently upgraded ammenities, round market and mrt. We will stay on if cannot enbloc. No big deal ! Try harder !
I love living in TC.
ReplyDeleteAt the moment, all failed en-bloc is good for MND.
Because for every large estate that goes en-bloc, they will have cash to buy homes, be it new condos, or resale HDB - does not matter; it simply will push prices up. This is going against MND effort to cool (not crash) the market.
As you can see, the MND is not removing it's cooling measure even in the uncertain economic crisis. On the contrary, MND released more land sales which is cheaper for developers, and even in some prime locations.
Hence at this point, developers will take up these GLS rather than en-bloc, cheaper, good and can get returns faster.
So don't waste any more TC's fund to continue with the en-bloc.
The raiders came and initiated this enbloc have failed. The appointments of the marketing agent and solicitor were poor as can be seen in the many missteps occured.
ReplyDeleteToday, I have accepted an offer to buy my apt for $1.17m.
ReplyDeleteI honestly don't know whether this EBS will go thru or not. Anyway, I have decided to exit. God willings, I hope I make the right decision.
Farewell my fellow neighbors
Congratulations and thank you for setting a new record for our estate.
ReplyDeleteCongrats my fellow neighbour!
ReplyDeleteWish you all the best.
John
Let it be... Let it be.... Till your lease become less attractive to developers. Developers can still opt for GLS which is faster and more certain. enbloc Freehold land will still attract developers ... Not leasehold... Look at the ratio between leased and freehold land.
ReplyDelete