Yes. I heard something like a little problem cropped up and that might cause a delay. But to point the finger at the MC now is a little unfair to them. Let us find out if the developer is in the position to enforce the late fees or completion is only on hold pending the outcome of the outstanding issues. Let us realise that the few cases with outstanding dues should not be a responsibility of all residents too. If indeed someone is held responsible for the delay , it should be these few with outstanding funds and not the management members. They are doing their part to protect whatever small amount that is balanced in the MC funds to be distributed to all residents.
Whoever got any latest news please share. Thank you
Thursday, May 28, 2009
Wednesday, May 20, 2009
Reveal No 3
No one has yet to give me the impression of how much they understand the contract they signed apart from those behind it.
Minton has quite a lot of bankrupt people. I do not know if those who pushed the sale so hard are amongst them. Too bad for these people, even if they refused to sign, the official assignee would agree once a letter goes to them via the sale committee lawyer.
There are a fare bit of divorced cases too.
Do not feel too comfortable where you stay. People are doing checks on you and they know your financial situations to.
Records showed there was an interested party who was willing to pay higher then what the sale committee was promoting. Everyone would reap a better payout as compared to now. Per household can get 30 to 40 thousand more. It was not followed up and they took it upon
themselves without revealing this when there was an EOGM held.
Also, some residents who had better connection wanted to help out in search of a better price, but that was also turned down.
Minton has quite a lot of bankrupt people. I do not know if those who pushed the sale so hard are amongst them. Too bad for these people, even if they refused to sign, the official assignee would agree once a letter goes to them via the sale committee lawyer.
There are a fare bit of divorced cases too.
Do not feel too comfortable where you stay. People are doing checks on you and they know your financial situations to.
Records showed there was an interested party who was willing to pay higher then what the sale committee was promoting. Everyone would reap a better payout as compared to now. Per household can get 30 to 40 thousand more. It was not followed up and they took it upon
themselves without revealing this when there was an EOGM held.
Also, some residents who had better connection wanted to help out in search of a better price, but that was also turned down.
Monday, May 18, 2009
Developer is serious!
Sorry folks. Go buy your own house as soon as the money comes in. No extension of stay for those who are still hoping property market can go down further.
No need to hope for some funny situation similar to Gillman Heights too.
No need to hope for some funny situation similar to Gillman Heights too.
Tuesday, May 12, 2009
Reveal No 2
Minton Rise was once a HUDC. After it got privatised, it became a private estate known as Minton Rise today. Of course it came with a price.
The privatisation fee had to be paid to the authority. ( Sorry, I have no idea who this 'authority" refers to. ) Anyway, all had to pay. For those who bought their house higher than the collective sale payout, they are able to claim back the cost. That is if you are a minority. 'Minority' means one who did not sign the enbloc contract.
The privatisation fee had to be paid to the authority. ( Sorry, I have no idea who this 'authority" refers to. ) Anyway, all had to pay. For those who bought their house higher than the collective sale payout, they are able to claim back the cost. That is if you are a minority. 'Minority' means one who did not sign the enbloc contract.
Monday, May 11, 2009
Reveal No 1
Like I said before, some people contributed some useful news but when I refused to put them on my blog, they want to know why.
Then later, I thought it harmless to put them up bit by bit.
Yes. It is true some minority residents got more than those who signed.
The majority who signed thought they were doing a good deed to the entire estate to expediate the collective sale. In actual fact, they fell as easy prey to the Sale Committee.
Then later, I thought it harmless to put them up bit by bit.
Yes. It is true some minority residents got more than those who signed.
The majority who signed thought they were doing a good deed to the entire estate to expediate the collective sale. In actual fact, they fell as easy prey to the Sale Committee.
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