We are very sorry to report that the fight to save our homes is not yet over. The former Sale Committee, having disbanded, has now decided to relaunch the whole process "with immediate effect". We attach for your information the letter dated 15 October 2007 sent by Mr John Lee, the head of the former Sale Committee.
He is now calling for a General Meeting of the owners in order to elect a new Sale Committee. In order for a General Meeting to be called, 20% of the ownership by share value must support it. If a new Sale Committee is formed, the majority owners, who have already refused to support his proposals, will be put through this entire painful, expensive and damaging (to our interests) process again.
In the few days since the new en-bloc regulations came into effect, there has been no change in the reasons to oppose selling Botanic Gardens View en-bloc. We therefore urge you, as fellow owners, as always, to consider the matter carefully and seek independent legal advice, before making your decisions. We ourselves, and owners who have contacted us, will not be signing this document and we hope that our other fellow majority owners will do the same. Since the majority of the owners have already refused to support an en-bloc sale, we see no reason to recreate the Sale Committee.
The possibility of this en-bloc madness hanging over our heads for the next 12-24 months is very real, and frustrating for some owners. If you feel that this attempt should not be restarted at this point in time, please contact us.
Vanessa Chan
c/o Ms Sim Bock Eng, Wong Partnership, One George Street
Blk 9, #10-09, Botanic Gardens View
Wong Hwei Ming
things.unfair@gmail.com
Blk 9, #09-17, Botanic Gardens View
or through this blog
We will be updating the blog with more details at a later date.
4 comments:
The agreement by Mr John Lee was that the sale will stop and the sales committee disbanded should they not get 80%. Either they do not understand the meaning of 'stop' and 'disband', or they take us owners for fools with their empty promises to stop the en bloc. I have no respect for people who will do ANYTHING (including lying) to get their greedy hands on the money.
Good work on keeping us informed. At least someone is working for us owners here!
As an owner I fail to see why the SC is so persistent in their attempt to sell now. The government just removed DPS which is a direct attempt to cool the property market. The PM himself said that there are other measures that can be put in place like capital gains taxes, stamp duty for recent purchases. If this isn't an indication that selling now is no longer the optimum time, what is?
I wish they'd stop this before EVERYONE realises what a big mistake it is to sell now.
BGV Resident
why the fuss? If you feel that the collective sales should not go through, then do not sign the cas. simple as that. why the hoo-ha!
It is not as simple as you sign or not sign. Others could still sell your home away even if you didn't sign. As the latest post has put it nicely: Apathy is not an option.
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