Source : The Straits Times, Nov 7, 2007
MY ESTATE was sold en bloc last year and there are two main issues which I would like to raise.
Firstly, there was a sum of a few million dollars which was to be used to pay compensation to the few minority owners who had bought their units for more than the final sale price or for some other reason.
The actual amount paid was never disclosed. If there is a balance in this reserve fund, would it be distributed to the majority owners?
Secondly, the legal firm involved promised to share the interest earned on the initial deposit paid by the buyer. As many of the residents have already moved out, how is the legal firm to make payment?
All residents have to move out by the end of this month, so time is running out.
Patrick Tan Boh Liang
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