Mmmm, very interesting meeting with people voicing out their concerns. I cannot tell if they were for or against enbloc. But at least there were people who bothered. I went with the feeling it was going to be boring. They just had to go with the formalities of the motion.
I found some of the residents seated at the back rather annoying. Was it due to an agent present or was it the sale committee member or was it simply the number of majority together!
I salute the current team as it is very courageous of them to continue to volunteer even with such uncertain outcome from the High Court verdict.
I am particularly surprised the chairman retained his service though not sure if he would stay as the chairman for another term.
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In Chinese idiom, the situation of current MC can be likened to a person riding on a tiger's back. It is rather difficult to dismount now as one might face the risk of being mauled by the tiger. Therefore there is a need to keep on riding courageously hoping for some miracle to happen. The easiest way is of course to get rid of the tiger. They have the choice.
Courageous? why courageous? are people who choose to stay in a sinking ship when there are lifeboats around courageous? worse still is trying to force people to stay on a sinking ship when there are lifeboats around courageous?
If you study the list of committee members, you will notice that six of them are objectors.
These "courageous" people are trying to prevent the passengers of the sinking ship from leaving it. They are saying that rescuers will arrive to prevent it from going under. They probably decided to stand for office in the hope that they could foil the en bloc.
Everyone in Minton Rise knows that the objectors' purpose of seizing control of the MC is none other than to pursue their personal agenda. But would they succeed at derailing the en bloc sale? At the end of the day, I guess they will probably regret for spending so much of their time and money chasing after a lost cause. Just look at their Gillman Heights counterparts' defeat at the High Court and the writing is on the wall.
Talking about the recent AGM, I am rather disgusted by the sight of residents rushing for food while some even helped themselves with a packet or two to take home. Because of this, many helpers from the MA were deprived of food.
I have nothing against the objectors but I was told that one of them has a penchant for doing this as witnessed by many SPs during previous AGMs. It could be explained as a sign of frugality especially during bad times like this but then it leaves me to wonder what could be the rationale for spending a big ticket item of $17K for the High Court appeal.
Mmmm...perhaps just another case of penny wise, pound foolish.
It is indeed very disheartening that one shorty (dunno what's his name, anyway, who cares?) made a proposal at the AGM to increase the service and conservancy charges. He is living in another planet! Needs to get his nogging checked.
A guru once said that there is a fool born every minute on the minute. I am certainly glad I was born in between the minutes! Ha! Ha! Those goons!
Letting the lawyers take their $17,000.00 each and in these hard times too, and some of them may even be retrenched from their jobs very soon!
Now that Frank Sinatra song: A Fool Never Learns!
Don't forget the objector vice-Chairman who loudly proclaimed that there would be much reparation works for Minton Rise in 5 years' time. So sinking fund need to be replenished now.
With myopic vision like this, one can roughly assess the type of calibre/quality of those people in the current Management Council. Perhaps that is why they are paying so much to fight a losing battle.
Let's not berate the objectors. Perhaps there is a silver lining in the cloud. If they had not objected to the en bloc sale, this saga would have ended months earlier. Flushed with cash, a bank offcer would have approached you and persuaded you to invest in one of the bonds and you might gone the way of the Lehman dodo. Property prices are going down, and when our money comes in, they will be even lower. If the sale had been completed earlier, most of us would have bought new homes at a higher price. So finally we may have to thank these unyielding "call them what you want".
I salute the objectors and would like to call them our saviours or heroes because they have been paying to save us from buying replacement units earlier this year when the property market was still holding up. With the spare cash from the sale proceeds, some might have lost money in the ailing stock market.
As many economists have forecasted that the recession would last for at least one or two years from now, one can expect job losses, loans de-leveraging, etc. coming sooner or later. When this happens, the property market will be flooded with fire sales on the cheap and one will be spoilt for choice. Therefore it will be a best-case scenerio if the completion can be delayed further more. Since they have already come this far, I hope that the objectors can continue with their crusade after the appeal is thrown out by the High Court.
There is always a positive side to everything in life because every cloud has a silver lining.
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