View Full Version : Collective sales destroying communities
Collective sales destroying communities
JUN 9, 2017
It is sad to see reports of collective sales making the news again.
At a time when Singapore is trying to build cohesion and unity, having homes sold en bloc is doing just the opposite to communities.
Quite often, the key players in collective sale exercises are non-residents who instigate others to call for an Extraordinary General Meeting (EOGM) to appoint a committee of not more than three persons.
When working on the proposal for the EOGM, they do not make a sincere and honest attempt to get the opinions of the residents in the estate.
The residents in many of these estates have built strong bonds with their neighbours partly because of the untiring efforts of the neighbourhood committees (NCs) and also by taking part in the numerous activities and programmes organised by the residents' committees (RCs).
The NC and RC members, all volunteers, work hard to build a "kampung spirit" among the residents.
In my estate, visitors have even commented on this kampung spirit.
A collective sale might give you money but as the saying goes, money cannot buy happiness.
Tan Yew Hock
Collective sales destroying communities
JUN 9, 2017
It is sad to see reports of collective sales making the news again.
At a time when Singapore is trying to build cohesion and unity, having homes sold en bloc is doing just the opposite to communities.
Quite often, the key players in collective sale exercises are non-residents who instigate others to call for an Extraordinary General Meeting (EOGM) to appoint a committee of not more than three persons.
When working on the proposal for the EOGM, they do not make a sincere and honest attempt to get the opinions of the residents in the estate.
The residents in many of these estates have built strong bonds with their neighbours partly because of the untiring efforts of the neighbourhood committees (NCs) and also by taking part in the numerous activities and programmes organised by the residents' committees (RCs).
The NC and RC members, all volunteers, work hard to build a "kampung spirit" among the residents.
In my estate, visitors have even commented on this kampung spirit.
A collective sale might give you money but as the saying goes, money cannot buy happiness.
Tan Yew Hock
I cannot understand what is this guy talking about.
To call an EOGM for the formation of Sales Committee, you need to have 30% share value to agree.
Is there any proof that the key players in the Sales Committee are non-residents?
And, there is no stupid buyers and sellers in the market in today's world. Only have willing buyers and sellers. And >80% is needed.
The bid prices are substantiated by independent valuer at the time of closing.
Most important, when these affected move to somewhere else, they can very often integrate into another kampung...why so narrow-minded that kampung can only be built in the same estate. Perhaps, some of these affected may move to your kampung.
The RC spirit may be real in some estates, but NC spirit, almost no such thing.
NCs are mostly relevant for private estates and the lack of engagement is more likely to be the case due to the residents' profiles and nationality.
But admittedly, for the recently concluded enbloc sales, it might have more relevance due to the origins of the HUDCs. Some of these neighbors had been living together for many years and are generally of local profiles. But even then, they had to decide whether to trade this kampung bond with old developments (and high maintenance costs) with newer developments and more appropriately sized units with a new kampung spirit to be built.
The RC spirit may be real in some estates, but NC spirit, almost no such thing.
NCs are mostly relevant for private estates and the lack of engagement is more likely to be the case due to the residents' profiles and nationality.
But admittedly, for the recently concluded enbloc sales, it might have more relevance due to the origins of the HUDCs. Some of these neighbors had been living together for many years and are generally of local profiles. But even then, they had to decide whether to trade this kampung bond with old developments (and high maintenance costs) with newer developments and more appropriately sized units with a new kampung spirit to be built.
Who need a freehold property that can last forever. Maintenance cost is damn high for old property. Only teddy bear want it. Lol.
anythingwhatever
19-06-17, 21:32
Who need a freehold property that can last forever. Maintenance cost is damn high for old property. Only teddy bear want it. Lol.
How high? :)
tonymontana
19-06-17, 22:12
Who need a freehold property that can last forever. Maintenance cost is damn high for old property. Only teddy bear want it. Lol.
This is not true across the board. Some new properties with a host of amenities and facilities do have higher maintenance fees, much higher than older ones that only have the basics (landscaping, gym, tennis court, bbq pit, pool).
What you mentioned is a myth.
Maintenance costs a major factor is the quality of the product.
New properties that are of poor quality and poorly built have lots of defects and costs a lot more maintenance because the poor products break down easily and frequently and costs more to replace/maintain!
Don't believe, secretly ask your friends (if you have any) living in D'Leedon or Interlace you will know (mind you, these are new properties under 5 years old!)...........
Or you may want to ask those living in a particular relatively new East Coast condos built by Far East Subsidiary (was in the news regarding law suits about defects rectification and making good)........
And then you can compare to old property like Ardmore Park. Ask your friend (if any can) to bring you to visit Ardmore Park that is very old >20 years old and you will know those new <5 years old CANNOT even compare to >20 years old properties! What is Age if the property is of quality?
Only the ignorant will say maintenance costs is damn high for old property vs new property.......
Who need a freehold property that can last forever. Maintenance cost is damn high for old property. Only teddy bear want it. Lol.
What you mentioned is a myth.
Maintenance costs a major factor is the quality of the product.
New properties that are of poor quality and poorly built have lots of defects and costs a lot more maintenance because the poor products break down easily and frequently and costs more to replace/maintain!
Don't believe, secretly ask your friends (if you have any) living in D'Leedon or Interlace you will know (mind you, these are new properties under 5 years old!)...........
Or you may want to ask those living in a particular relatively new East Coast condos built by Far East Subsidiary (was in the news regarding law suits about defects rectification and making good)........
And then you can compare to old property like Ardmore Park. Ask your friend (if any can) to bring you to visit Ardmore Park that is very old >20 years old and you will know those new <5 years old CANNOT even compare to >20 years old properties! What is Age if the property is of quality?
Only the ignorant will say maintenance costs is damn high for old property vs new property.......
What bullshit u spewing.. how much is Admore park per mth maintenance? its around $1000 per mth.
Wow! minority the BIGGEST LIAR is still around?!
minority,
You still haven't answer my question in another thread:
"Are you telling us that Olam is WRONG and had avoided taxes by rigging its book?"
And by the way, so you are telling us that because Admore Park per month maintenance is $1000 pm so they being >20 years old will be in better shape and less defect than newly built condos like Interlace and D'Leedon? Wow!
And why don't you tell us instead of trying to hide from us that Admore Park $1000 pm maintenance is for 2880 sqft unit, while Interlace being so new condo 1300+ sqft unit needs to pay ~$500 pm? (or you pro-rate, 2600+ sqft also needs to pay $1000 pm!) Wow! Epic stupidity! Newly TOP condo, need to pay almost $1000 pm for 2600+ sqft, and still have more defects than >20 years old condo like Ardmore Park! :pig:
Another thing, Ardmore Park only has 330 units, while Interlace has >1000 units!
What bullshit u spewing.. how much is Admore park per mth maintenance? its around $1000 per mth.
minority,
Twist and turn again like 2-headed snake? :moon:
FACT is, Olam DIDN'T PAY ANY TAX on the "Capital Injection $" amount!
So, why should PUB pay ANY TAX on "Government Capital Injection $"?
So, who is WRONG, PUB or Olam?
Either Olam is avoiding taxes or PUB is paying additional unnecessary taxes?
Which is true?
I would say PUB is paying additional unnecessary taxes while Olam is perfectly clean!
If you disagree with me, that means you are telling us that Olam is WRONG and had avoided taxes by rigging its book?
Powered by vBulletin® Version 4.2.2 Copyright © 2024 vBulletin Solutions, Inc. All rights reserved.