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.
The Where and When you can pick up your money is laid out in the Legal Letters dated 15 May 2018. I can't produce the letter in full here, but I hope they don't mind a small screenshot. Further details are in the letter:
U just dont learn yr lesson dont u? Lawyers’ letters are privileged m confi. Not 2 b shared in part or in full. Action will b taken against u. I hv taken screenshot of yr blog
something wrong with you,people want to share just let them share la.. little little also want to complaint and threaten to take action to other people
All of us have received the lawyer's email or letter. However, to date, the lawyer has not confirmed whether the transfer has been completed or not. Hope there will be no last minute hitches.
Now i recall what happened. Besides CPF, Banks and Lawyers fees, outstanding amounts owing MCST is also deducted from the proceeds. In other words, whatever final amount in terms of Sinking and Management Fund is the final amount which would have included payments from the laggards. It is then divided by 560 and thats the final amount each unit will receive. Cheers.
The only deductions listed in any Legal letter (see 18 May letter) has been : Repayment of bank & CPF loan, Marketing Consultant's fee, legal fees, and Collective Sale Expenses, Maintenance Charge for 12 days in June and the retention Sum. That's all
That's because u have nothing owing. for those with outstanding MCST unpaid, i believe they will have one more item "repayment of outstanding MCST funds including interest".
U just dont learn yr lesson dont u? Lawyers’ letters are privileged m confi. Not 2 b shared in part or in full. Action will b taken against u. I hv taken screenshot of yr blog
ReplyDeletesomething wrong with you,people want to share just let them share la..
Deletelittle little also want to complaint and threaten to take action to other people
Just 3 more days.
ReplyDeleteAll of us have received the lawyer's email or letter. However, to date, the lawyer has not confirmed whether the transfer has been completed or not. Hope there will be no last minute hitches.
ReplyDeleteNo, it's too late for hiccups.
Deleteno dead line for hiccups.
DeleteNow i recall what happened. Besides CPF, Banks and Lawyers fees, outstanding amounts owing MCST is also deducted from the proceeds. In other words, whatever final amount in terms of Sinking and Management Fund is the final amount which would have included payments from the laggards. It is then divided by 560 and thats the final amount each unit will receive. Cheers.
ReplyDeleteThe only deductions listed in any Legal letter (see 18 May letter) has been : Repayment of bank & CPF loan, Marketing Consultant's fee, legal fees, and Collective Sale Expenses, Maintenance Charge for 12 days in June and the retention Sum. That's all
DeleteThat's because u have nothing owing. for those with outstanding MCST unpaid, i believe they will have one more item "repayment of outstanding MCST funds including interest".
Delete