- The RP has been set.
- The 80% mandate has been reached .
- The SP meeting to update and inform SPs will be held on the 1st July in a tiny room.
- The Tender will be opened on 4th July and will run for 6 weeks (to be confirmed)
We do not know on what basis this RP was derived - I hope we can see the RLV at the meeting.
The RP should only be just a starting point, the opening gambit in this game of poker and should not be the selling price the CSC settles for. They are not obliged to sell the estate at the RP (High Court). Fingers crossed that they don't.
Many owners are expecting higher offers than the minimum RP. It is not unreasonable to expect higher given that the psfppr of the previous 3 HUDC collective sales have been very high indeed. Our RP is now looking on the low side. Do not confuse greed with adjustment of land value according to the market. RLVs do not hold longer than 6 months.
We have reached an advanced stage in Enbloc Rd 3. Love them or hate them, the CSC are what stands between you and your future.
How did 82.16% become 81.79%?
ReplyDeleteBased on your countdown, how do we know the clock starts on 1 June?
What impact if any should the CAAS restriction have compared the other recent en-bloc sales?
So we can expect tentatively to know the outcome of the tender in 8 1/2 weeks? See you all on the other side.
The main agenda of the meeting is to brief the SPs on the sales & tender procedure followed by FAQ. Please do not ask irrelevant questions pertaining to round 1 like how they derived the RP etc (this stage is already over). Please give other SPs a chance to ask their questions like when & how they will get their sales proceed, when they need to move out etc. Don't treat the meeting like a fish market. Also it is not time for quarreling & throwing stones at the team. Thank you for your co-operation !
ReplyDeleteSPs should not be restricted in their questions so long as it's regarding enbloc. Quarreling won't resolve anything. There are avenues for conflict resolution. Minorities can resort to the Courts or anybody can complain to regulating bodies like CEA with any proof of Professional misconduct.
DeleteOf course. But stupid & irrelevant questions still have to be passed. Also personal attacks & slanderous statement against the team will have to be recorded. Anti-enblocers may go out full steam to disrupt the meeting & stir up emotions just like the anonymous letters. This is an important meeting and let's all be civil & calm and treat the team & SPs (both majority & minority) with respect.
Delete