Wednesday, August 1, 2007

29th July SP No.2 Meeting Report

Collective Sale Meeting Report

(date: 2007.7.31)

  1. The number of attendees for the English Presentation held at 2:00pm and 3:30pm was 140 pax and 70 pax respectively. The number of attendees for the Chinese Presentation at 5:00pm was 52 pax. Thus, the total number of attendees is 262.
  2. Mr. Daniel Ong of Dennis Wee Realty gave a detailed marketing presentation for the collective sale. The presentation includes the following: The Collective Sale Process, Scope of Services, Residual Land Value of Bedok Court, Sale Proceed Method of Apportionment, Competitive Market Analysis, Mode of Sale, Project Time line, Marketing Plan.
  3. Mr. Kenneth Tan of Asia Law Corporation and Mr. Troy Yeo of Dominion LLC were also present to answer to inquiries on legal matters on the collective sale.
  4. The potential collective sale prices are as follow: StudioUnit==S$1.00M~$1.04M, 2bedroomsUnit==S$1.41M~ $1.48M, 3BedroomsUnit==S$1.77M~ $1.92M, PenthouseUnit==S$3.79 ~$4.08M.

REMINDER:

  1. The Pro-tem Sales Committee would like to remind all SPs that the EOGM for Collective Sale of Bedok Court is on 11th August 2007, to start at 10:00am, venue: Bedok View Secondary School, 4th Floor AV Auditorium. This EGOM could be cancelled by the Managing Agent, if there is less than 395 Share Values present at 10:00am on 11th August. Also, all outstanding contributions including interest must be settled at least 3 days before commencement of the EOGM to secure the eligibility to vote.
  2. Kindly give your proxy form to the pro-tem sales committee members if you support the collective sale and is unable to attend the meeting on time. Every Share Value counts. Telephone: Allen Walters(96177724), Christine Teo(96711496), Freddie Khoo(90287277), Ghalid Awang(92289228), Heng Hock Heng(+65 90070072), K. Tanapalan(98716989), Laurence Pang(96628340), Walklin Russell(97922369)