The "Today" newspaper, Weekend Edition of 14 April 2007, splashed a front-page article on en bloc sales. In this "Today" news article, a pre-eminent lawyer, Dr SK Phang, who specialises in en bloc / collective sales (in fact, Dr Phang is the pioneer in this arena), was quoted as saying that "a bona fide home owner should be offered an exchange ...".
Yeh!!! I'm so, so heartened ... perhaps, civil society in Singapore is not quite dead after all. you think?
This blog-site sets out my entire wish-list. I know Santa won't come to town until December (even then, this is far from the Land of Oz)! So if I could gleefully rub Aladdin's lamp ... perhaps the 108 Heroes from The Water Margin would wrangle from the Ministry of Law just Three Die-Die-Must-Get Wishes:
1. An additional option (the other option is still cash) for one-for-one "exchange" unit of same-level and same-size for Owner-Occupiers with ONLY one residential property in Singapore at the point of completion of the collective sale - For details, pls click on the relevant page in this blog-site.
2. Mathematical factual basis for distribution of collective sales proceeds using (i) ratios as a 1st cut and (ii) precise strata-title-area and precise share-values as a 2nd cut - For details, pls click on the relevant page in this blog-site.
3. Scaled time-bar to next collective sale attempt pegged to estate age - For details, pls click on the relevant page in this blog-site.
Are you, the readers of this blog-site, one of the 108 Heroes? Nothing ventured, nothing gained, eh?