Update: 23 Oct 2016
I heard on the grapevine that one of the objections at least has some merit. Apparently, the LTSA mandated 1 yr from 80% in which to sell the estate had expired without a sale. There was a break (I don't know how long) before a supplementary agreement between a different 80% was signed. So was the collective sale dead and can it be resurrected after the time limit has lapsed? Now it is getting interesting.
According to newspaper report, this project has received 5 objections.
ReplyDeleteI believe TC will received more objections, not so much on the ground of financial lost of SPs but the way SC conducted the Enbloc.
I was surprised that the adimin of the facebook deleted many of the posts posted by SPs who have good intention to point out their mistake and give suggestions. Their reason is that they cannot accept “ personal remarks and non-related information “ in their facebook.
I have been following the postings closely and I don’t see any post of such nature though some of the remark may be quite harsh because of the grave mistakes they are making.
It seems that they are not open to constructive criticism. If that is the case why do they invite SPs to join them in the latest SC meeting to suggest raising of the RP It is obvious that they know that their low RP has failed to gain enough support and need help from SPs.
Beside the Vice Chairman, whom they sacked illegally. I feel none of the SC members are qualified to handle the TC Enbloc.
I am not putting too much hope in TC Enbloc round III
The highest ever transacted sale at Shunfu was 1.33m a few years back. Considering the allowable deductions and their en bloc proceed of 1.78m per unit i honestly don't see how anybody can claim a financial loss. Any suggestions?
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