One condominium in the east has officially thrown in the towel for an enbloc sale – at least for now.
The 1080-unit Mandarin Gardens saw the disbanding of its two-year-old collective sales committee last week.
In a letter to residents, the main reasons cited were unfavourable market conditions and the moving in of new residents, whose views the committee felt should be heard.
The sales committee had been largely inactive since the beginning of the global financial crisis last year. Some members had also quit due to personal reasons or after selling off their unit.
Back at the height of the 2007 property boom, Mandarin Gardens was one of the many enbloc hopefuls.
This follows the similar fate of another sales committee at nearby seafront condominium Bayshore Park. The committee ceased to exist earlier this year after its formation was challenged by some residents.
Source : Channel NewsAsia – 29 Dec 2009
PLEASE refer to Monday’s article, ‘En-bloc uproar at Bayshore Park, Mandarin Gardens’ by Ms Jessica Cheam, and the letter by Mr Augustine Cheah, ‘En-bloc system needs relook, as Bayshore shows’.
The Mandarin Gardens collective sale committee would like to clarify that it was not involved in the proceedings of the annual general meeting on April 27.
However, we know of members who attended as legal owners or subsidiary proprietors. One of our members present at the AGM declared that none of us would stand for election to the council.
We certainly did not organise any collection of proxies, although some subsidiary proprietors may have approached committee members in their capacity as neighbours.
Tan Kok Khoon
Source : Stratits Times – 9 May 2008
Enbloc sales woes and unhappiness at Mandarin Gardens have left the condominium without a management committee for the past week.
The previous committee refused to be re-nominated for elections at its Annual General Meeting last Sunday.
Since then, no one is taking charge of the day-to-day management at the condominium on Siglap Road.
Channel NewsAsia understands that the entire management committee stepped down because of disputes with the estate’s enbloc sales committee.
Apparently, the enbloc sales committee pushed through resolutions which are unfavourable to the entire estate, through its control of proxy votes.
When contacted, the Strata Titles Board said such cases are rare, but it is unable to do anything at this point.
Under the law, all residents are jointly responsible for any liabilities incurred by the condominium during this period. – CNA/ms
Source : Channel NewsAsia – 2 May 2008