A Minority Owner's chronicled journey through 3 Collective Sale attempts; the last one being successful. TC was a 560 ex-HUDC estate with a thriving community spirit (up until the enblocs that is). I have moved on to a new, 37 unit Freehold estate. Life is quiet now with zero community feeling.
Not signing the CSA has more advantage than disadvantage. 1) It does not bind me to any agreement at this moment and if there are further fees to be paid, I don't have to. 2) I don't need to pay anything now, if it fails I don't lose anything, if it finally sells, it gets deducted. 3) If I really find that there's hanky panky I can sue, those who sign cannot, they are stuck. If there's no hanky panky, then no need to sue, I get my sales proceed.
Pray tell me, what's your advantage of signing the CSA? Will you get extra?
MND is trying to cool the property market, and large en-bloc with more Government Land Sales, do you really want the challenge and lose your money?
Not signing the CSA has more advantage than disadvantage.
ReplyDelete1) It does not bind me to any agreement at this moment and if there are further fees to be paid, I don't have to.
2) I don't need to pay anything now, if it fails I don't lose anything, if it finally sells, it gets deducted.
3) If I really find that there's hanky panky I can sue, those who sign cannot, they are stuck.
If there's no hanky panky, then no need to sue, I get my sales proceed.
Pray tell me, what's your advantage of signing the CSA? Will you get extra?
MND is trying to cool the property market, and large en-bloc with more Government Land Sales, do you really want the challenge and lose your money?