Results 1 to 2 of 2

Thread: Save owners from sword of Damocles

  1. #1
    mr funny is offline Any complaints please PM me
    Join Date
    May 2006

    Default Save owners from sword of Damocles

    Jan 25, 2010


    Save owners from sword of Damocles

    MY ESTATE'S condominium en bloc sales committee, formed in November 2007, has been in hibernation because of unfavourable market conditions.

    The committee has not found a single signature for a collective sales pact. Twenty-six months on, the committee is still alive because the law allows it to be.

    Did lawmakers envisage that the sword of Damocles would hang over home owners' heads for years? Are stayers like me not entitled to live in peace, with some clarity on whether our homes will go en bloc or not?

    If a condominium's management council can exist with the subsidiary proprietors' blessing only for one year, surely a collective sales committee should be limited to a similar lifespan.

    In the absence of a time cap, the committee should be legally mandated to formally begin collective sales procedures within 12 months of formation, or close. A tighter, more practical schedule is needed for collective sales committees that will not fade away voluntarily.

    Susan Prior (Ms)

  2. #2
    xebay11 is offline New Launch Project Specialist
    Join Date
    Aug 2009


    Peace of mind? The best she can do is sell her condo and get a landed property, barring Govt acquisition, that is about as much peace of mind as you can get in Singapore.

Similar Threads

  1. Replies: 0
    -: 13-11-19, 20:48
  2. Sellerís Stamp Duty ó a double-edged sword?
    By reporter2 in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 10-09-13, 18:29
  3. Top up SA, SRS to save $$
    By leesg123 in forum Coffeeshop Talk
    Replies: 16
    -: 12-12-12, 11:27
  4. Save the Earth
    By irisng in forum Coffeeshop Talk
    Replies: 29
    -: 04-12-12, 22:06
  5. Sword of open economy cuts the other way
    By mr funny in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 10-12-08, 10:26

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts