En-bloc meeting is condo's third in five months
En-bloc meeting is condo's third in five months
THE action began last year, when the first extraordinary general meeting was called to push for an en-bloc sale.
The New Paper
12 March 2008
THE action began last year, when the first extraordinary general meeting was called to push for an en-bloc sale.
It was held on 29 Sep.
A sales committee was nominated, but its validity was challenged.
The committee subsequently chose to dissolve.
A second meeting was called on 12 Jan this year.
But it could not carry on as a quorum in share value could not be reached.
Four days after the cancellation, a request for a third meeting was submitted to the management committee.
To call for a meeting, the organisers must get roughly 200 signatures. That is 20 per cent of the share value.
And they did.
A letter to The Straits Times Forum page on 21 Feb by Madam Mona Liew indicated that the first two meetings each cost the estate's sinking fund about $15,000.
She expressed her concern that so many meetings, at a cost to the sinking fund, could be called within a short span of five months.
She asked for some regulation to restrict the frequency of such meetings, saying: 'Please set a reasonable guideline for the frequency with which these meetings can be called.'
Re: En-bloc meeting is condo's third in five months
Re: En-bloc meeting is condo's third in five months
Income ceiling cap for HDB flats is at $8000. These people are expected to buy private properties. Land prices escalate with enbloc re-developments. Developers re-sell homes at sky high prices to make profits. What can those who earn $8000 buy? Does the government not see the frustrations of its citizens?
Re: En-bloc meeting is condo's third in five months
Quote:
Originally Posted by Hopeless
Income ceiling cap for HDB flats is at $8000. These people are expected to buy private properties. Land prices escalate with enbloc re-developments. Developers re-sell homes at sky high prices to make profits. What can those who earn $8000 buy? Does the government not see the frustrations of its citizens?
They cannot see down. Can only see the sky. Probably sitting on chair too high and comfortable to even stand up.
Re: En-bloc meeting is condo's third in five months
#3, if they don't see it now, they will, at the ballot boxes, sooner or later. The whole enbloc thing went out of hand. They forgot that Singapore is only about 700 sq km. Everything catches on like wild fire. Massive construction is everywhere, which drives costs up to the sky. How can they expect the ordinary citizen to be able to afford that roof over their head?
