Quote Originally Posted by bestguitarist View Post
In my humble opinion, the valuation report is merely to satisfy the statutory requirement - the RP has to be above the said valuation. I would imagine it is quite common that the valuation report is created backwards to match whatever RP generally accepted by the majority. I personally think that relative to the RP, the apportionment method is harder to agreed on for mixed developments like City Plaza. Thanks for the update Tulip09. May I know if this is the third EOGM which is to approve the terms in the Collective Sales Agreement? It is interesting that there is one residential unit for sale on propertyguru, asking around $1500psf. Wish this a success and hope you can hugely benefit economically from this opportunity.
It was the second EOGM and was to approve the RP + Apportionment as well as CSA.