To: Bedok Court Subsidiary Proprietors
Re: Revised Collective Sale Agreement
On 26 December 2007, between 7:00 pm to 10:00 pm., kindly be advised that members of the Collective Sale Committee & Dennis Wee Realty will be visiting your unit in Bedok Court to deliver the Revised Collective Sale Agreement (CSA).
The CSA has been revised to include the feedbacks from the 15.12.2007 General Meeting and discussions between the CSA Task Force members, Solicitors & Property Consultants.
Kindly contact Mr. K. Tanapalan (hp: 9871 6989) or Miss Lucy Wong (tel:64422415 ) if you have not received a copy of the revised CSA.
Thank you
Regards
Heng Hock Heng
On behalf of
Collective Sale Committee
Post date: 26.12.2007, 05:30 hour
Last update: 26.12.2007
Tuesday, December 25, 2007
GM3: Summary Report
,
THE 3rd GENERAL MEETING
We like to inform all Subsidiary Proprietors/First Mortgagees, especially those who were unable to attend the meeting that the following motions were passed at the 3rd General Meeting of the 21st Management Council held on 15th December 2007.
1.0. The minutes of the Extra Ordinary General Meeting held on 11th August 2007 were approved and adopted.
2.0 The minutes of the General Meeting held on 27th October 2007 were approved and adopted.
3.0 The motion of “To consider and if approved, the Duties, Functions and Powers of the Collective Sale Committee in accordance with Appendix 3A of the Collective Sale agreement (CSA)” was carried.
Valid vote cast “For” Valid vote cast “Against” Spoilt votes cast
615 share values 41 share values 5 share values
4.0 The motion of “ To consider and if approved, the Duties, Functions and Powers of the Representatives in accordance with Appendix 3B of the CSA” was carried by poll.
Valid vote cast “For” Valid vote cast “Against” Spoilt votes cast
634 share values 20 share values 5 share values
Thanks & Regards
Heng Hock Heng
On behalf of CSC
Post date: 26.12.2007, 05:20 hour
Last update: 26.12.2007
THE 3rd GENERAL MEETING
We like to inform all Subsidiary Proprietors/First Mortgagees, especially those who were unable to attend the meeting that the following motions were passed at the 3rd General Meeting of the 21st Management Council held on 15th December 2007.
1.0. The minutes of the Extra Ordinary General Meeting held on 11th August 2007 were approved and adopted.
2.0 The minutes of the General Meeting held on 27th October 2007 were approved and adopted.
3.0 The motion of “To consider and if approved, the Duties, Functions and Powers of the Collective Sale Committee in accordance with Appendix 3A of the Collective Sale agreement (CSA)” was carried.
Valid vote cast “For” Valid vote cast “Against” Spoilt votes cast
615 share values 41 share values 5 share values
4.0 The motion of “ To consider and if approved, the Duties, Functions and Powers of the Representatives in accordance with Appendix 3B of the CSA” was carried by poll.
Valid vote cast “For” Valid vote cast “Against” Spoilt votes cast
634 share values 20 share values 5 share values
Thanks & Regards
Heng Hock Heng
On behalf of CSC
Post date: 26.12.2007, 05:20 hour
Last update: 26.12.2007
Thursday, December 20, 2007
Minutes of Collective Sale Meeting No.7
Date of Meeting: 11.12.2007
Venue: at the office of the Solicitors, Colin Ng & Partners,
36 Carpenter Street Singapore 059915
Members Present:
Mr. Heng Hock Heng (Chairperson)
Mr . Paul Lim
Mr. Walklin Russell
Mr. Karuppiah Tanapalan
Mr. Alan Verghese
Ms Audra Foo
Mr. George Lim
Mr. David Ng
The quorum is complete. The Meeting was presided by the Chairperson,
Mr Heng Hock Heng.
Representatives of the Solicitors present:
Mr Paul Tan
Mr Chan Wai Mun
Ms Maria Ng
Mr Vikram Singh
Mr Haresh Kamdar
Miss Sia Huan Ying
The Meeting commenced at 5:00 pm
Minutes:
1. The Meeting was convened for the purpose of discussing with the Solicitors, the presentation before the Subsidiary Proprietors (“SPs”) on the draft CSA at the General Meeting on 15/12/2007.
2. The Draft CSA
2.1. The Solicitors went through the draft CSA and informed the CSC of some minor amendments to the same.
2.2. The following matters in the draft CSA were also dealt with:
(a) Clause 2.1. The members of the CSC were appointed on two separate dates and their dates of appointment were noted. Clause 2.1 and Appendix 3 of the draft CSA will be amended to specify that 4 of the CSC members, namely, George Lim, Audra Foo, Alan Verghese and David Ng were appointed on 27/10/2007 and the Representatives namely, Heng Hock Heng and K Thanapalan were appointed on 20/11/2007.
(b) Clause 6.6. CSC requested to specify that this relates to monies paid and held on and for behalf of the SPs.
(c) Clause 10.1(9). CSC requested for the confidentiality clause to be removed as the draft CSA is to be widely distributed and posted.
(d) Clause 15.1. CSC requested for a provision in this clause and Appendix 2 Paragraph 1 to indicate that the Apportioned Consideration may vary subject to the total sale price of Bedok Court.
2.3. Paul Lim queried Clause 4.1 of the draft CSA. It was explained by the solicitors the context and purpose of this clause and in any event it was not meant as a general exclusion clause to absolve the solicitors from professional liabilities. Upon consideration, all the members except Paul Lim agreed to retain this clause as it is.
2.4. Paul Lim suggested that Clauses 6.2, 6.5 and 6.6 of the draft CSA be examined further. The Chairperson set out various scenarios with regard to the Stakeholders’ interests under Clauses 6.2 and 6.5. The Stakeholders’ monies and interests could be held by either: the Solicitors, Law Society of Singapore, the CSC or an Escrow account with an independent agent. However, this is subject to agreement from the Purchaser/Developer. George mentioned that leaving the Stakeholders’ monies and interests with the CSC, an Escrow agency or Law Society of Singapore is not feasible due to legal and administrative issues. These agencies will also charge an administrative fee for such services. George suggested that the CSC follows the industry practice for the Deposit to be held by the Solicitors as Stakeholders. The CSC agreed with this suggestion.
3. The Presentation Slides/FAQs
3.1 The CSC viewed and deliberated on the proposed presentation slides and draft FAQs prepared by the Solicitors.
3.2 The following matters were discussed by the CSC:
(a) Paul Lim requested for the proposed and estimated time-lines for the Collective Sale process. These were found in the FAQs.
(b) The Chairperson informed the CSC that one of the CSC members, Ms Cheng Ah Lain, resigned on 26 November 2007 and therefore, her particulars should not be in the draft CSA and presentation. Ms Cheng’s resignation is accepted by the CSC and the draft CSA and presentation slides will be amended accordingly to reflect the change.
(c) The Chinese version of the FAQs will be made available at the General Meeting on 15/12/2007 and a representative from the Solicitors will be present that day to explain the draft CSA to Chinese speaking SPs.
4. Other Matters
4.1 The Chairperson highlighted that the existing letter of appointment for the Property Consultants inserted as Appendix 5 of the draft CSA will have to be amended to include the Property Consultant’s letterhead and the terms and conditions of their appointment. Paul Lim indicated his preference that the Property Consultant includes the Reserve Price in their letter of appointment. The CSC agreed to have this arranged urgently.
4.2 The CSC discussed that in the event the Collective Sale is successful for the final audit of the Management and Sinking Fund to be arranged by the MCST to ascertain how much (if any) is to be refunded to the SPs.
4.3 The CSC discussed Motion 2.2 (“the Motion”) which was passed at the General Meeting held on 27/10/2007. After deliberation, the CSC agreed that the Motion should be reversed, to maintain the democratic set-up of the CSC to allow room for dissenting views in the interest of transparency. It was unanimously agreed that this issue should be taken up at the subsequent General Meeting.
4.4 Paul Lim presented copies to the CSC, his proposed draft amendments to the Minutes of the CSC Meeting No.6 held on 20/11/2007. The CSC except Paul Lim agreed to discuss this at the next CSC Meeting as they needed time to consider the numerous proposed amendments and it was not part of the agenda for the Meeting and for the remaining CSC members to deliberate on the draft proposal.
Meeting ended at 8.35pm.
Recorded by: Audra Foo (Ms)
Confirmed by: Heng Hock Heng (Chairperson)
Signed by Mr Tanapalan Karruppiah for an on behalf of the Chairperson
Post date: 21.12.2007, 02:38 hour
Last update: 21.12.2007
Venue: at the office of the Solicitors, Colin Ng & Partners,
36 Carpenter Street Singapore 059915
Members Present:
Mr. Heng Hock Heng (Chairperson)
Mr . Paul Lim
Mr. Walklin Russell
Mr. Karuppiah Tanapalan
Mr. Alan Verghese
Ms Audra Foo
Mr. George Lim
Mr. David Ng
The quorum is complete. The Meeting was presided by the Chairperson,
Mr Heng Hock Heng.
Representatives of the Solicitors present:
Mr Paul Tan
Mr Chan Wai Mun
Ms Maria Ng
Mr Vikram Singh
Mr Haresh Kamdar
Miss Sia Huan Ying
The Meeting commenced at 5:00 pm
Minutes:
1. The Meeting was convened for the purpose of discussing with the Solicitors, the presentation before the Subsidiary Proprietors (“SPs”) on the draft CSA at the General Meeting on 15/12/2007.
2. The Draft CSA
2.1. The Solicitors went through the draft CSA and informed the CSC of some minor amendments to the same.
2.2. The following matters in the draft CSA were also dealt with:
(a) Clause 2.1. The members of the CSC were appointed on two separate dates and their dates of appointment were noted. Clause 2.1 and Appendix 3 of the draft CSA will be amended to specify that 4 of the CSC members, namely, George Lim, Audra Foo, Alan Verghese and David Ng were appointed on 27/10/2007 and the Representatives namely, Heng Hock Heng and K Thanapalan were appointed on 20/11/2007.
(b) Clause 6.6. CSC requested to specify that this relates to monies paid and held on and for behalf of the SPs.
(c) Clause 10.1(9). CSC requested for the confidentiality clause to be removed as the draft CSA is to be widely distributed and posted.
(d) Clause 15.1. CSC requested for a provision in this clause and Appendix 2 Paragraph 1 to indicate that the Apportioned Consideration may vary subject to the total sale price of Bedok Court.
2.3. Paul Lim queried Clause 4.1 of the draft CSA. It was explained by the solicitors the context and purpose of this clause and in any event it was not meant as a general exclusion clause to absolve the solicitors from professional liabilities. Upon consideration, all the members except Paul Lim agreed to retain this clause as it is.
2.4. Paul Lim suggested that Clauses 6.2, 6.5 and 6.6 of the draft CSA be examined further. The Chairperson set out various scenarios with regard to the Stakeholders’ interests under Clauses 6.2 and 6.5. The Stakeholders’ monies and interests could be held by either: the Solicitors, Law Society of Singapore, the CSC or an Escrow account with an independent agent. However, this is subject to agreement from the Purchaser/Developer. George mentioned that leaving the Stakeholders’ monies and interests with the CSC, an Escrow agency or Law Society of Singapore is not feasible due to legal and administrative issues. These agencies will also charge an administrative fee for such services. George suggested that the CSC follows the industry practice for the Deposit to be held by the Solicitors as Stakeholders. The CSC agreed with this suggestion.
3. The Presentation Slides/FAQs
3.1 The CSC viewed and deliberated on the proposed presentation slides and draft FAQs prepared by the Solicitors.
3.2 The following matters were discussed by the CSC:
(a) Paul Lim requested for the proposed and estimated time-lines for the Collective Sale process. These were found in the FAQs.
(b) The Chairperson informed the CSC that one of the CSC members, Ms Cheng Ah Lain, resigned on 26 November 2007 and therefore, her particulars should not be in the draft CSA and presentation. Ms Cheng’s resignation is accepted by the CSC and the draft CSA and presentation slides will be amended accordingly to reflect the change.
(c) The Chinese version of the FAQs will be made available at the General Meeting on 15/12/2007 and a representative from the Solicitors will be present that day to explain the draft CSA to Chinese speaking SPs.
4. Other Matters
4.1 The Chairperson highlighted that the existing letter of appointment for the Property Consultants inserted as Appendix 5 of the draft CSA will have to be amended to include the Property Consultant’s letterhead and the terms and conditions of their appointment. Paul Lim indicated his preference that the Property Consultant includes the Reserve Price in their letter of appointment. The CSC agreed to have this arranged urgently.
4.2 The CSC discussed that in the event the Collective Sale is successful for the final audit of the Management and Sinking Fund to be arranged by the MCST to ascertain how much (if any) is to be refunded to the SPs.
4.3 The CSC discussed Motion 2.2 (“the Motion”) which was passed at the General Meeting held on 27/10/2007. After deliberation, the CSC agreed that the Motion should be reversed, to maintain the democratic set-up of the CSC to allow room for dissenting views in the interest of transparency. It was unanimously agreed that this issue should be taken up at the subsequent General Meeting.
4.4 Paul Lim presented copies to the CSC, his proposed draft amendments to the Minutes of the CSC Meeting No.6 held on 20/11/2007. The CSC except Paul Lim agreed to discuss this at the next CSC Meeting as they needed time to consider the numerous proposed amendments and it was not part of the agenda for the Meeting and for the remaining CSC members to deliberate on the draft proposal.
Meeting ended at 8.35pm.
Recorded by: Audra Foo (Ms)
Confirmed by: Heng Hock Heng (Chairperson)
Signed by Mr Tanapalan Karruppiah for an on behalf of the Chairperson
Post date: 21.12.2007, 02:38 hour
Last update: 21.12.2007
Friday, December 14, 2007
General Meeting 15/12/2007
Notice of General Meeting
(A gentle reminder)
Date: 15th Dec.2007
Time: Start 10:00 am
Venue: Bedok View Secondary School
4th Level, AV Auditorium
6 Bedok South Ave.3
Agenda: Bedok Court En bloc Sale
Kindly be advised the Bedok Court Collective Sale Committee, with the permission from the Management Council, has invited the Solicitors from Colin Ng & Partners and the Property Consultants from Dennis Wee Realty Pte. Ltd. to conduct the Presentations / Question & Answer session on Collective Sale Agreement and the Method of Sale Proceeds Apportionment respectively.
Your attendance and participation are most welcome!
Thanks & Regards
Heng Hock Heng
On behalf of the Collective Sale Committee
Bedok Court Condominium
14th Dec.2007
.
Post date: 14/12/2007, 1737pm
Last update: 14/12/2007
(A gentle reminder)
Date: 15th Dec.2007
Time: Start 10:00 am
Venue: Bedok View Secondary School
4th Level, AV Auditorium
6 Bedok South Ave.3
Agenda: Bedok Court En bloc Sale
Kindly be advised the Bedok Court Collective Sale Committee, with the permission from the Management Council, has invited the Solicitors from Colin Ng & Partners and the Property Consultants from Dennis Wee Realty Pte. Ltd. to conduct the Presentations / Question & Answer session on Collective Sale Agreement and the Method of Sale Proceeds Apportionment respectively.
Your attendance and participation are most welcome!
Thanks & Regards
Heng Hock Heng
On behalf of the Collective Sale Committee
Bedok Court Condominium
14th Dec.2007
.
Post date: 14/12/2007, 1737pm
Last update: 14/12/2007
Wednesday, December 5, 2007
Notice of BCSC Meeting No.7
Notice of Meeting
Bedok Court Collective Sale Committee Meeting No.7
Meeting date: 11th December 2007, Tuesday
Venue: Colin Ng & Partners Office, 36 Carpenter Street, Meeting Room
Time: Start 5:00 pm
Proposed Meeting Agenda:
1. To consider the Collective Sale Agreement
2. To discuss the 15/12/2007 General Meeting agenda
3. Any other matters
From:
Heng Hock Heng
On behalf of
Bedok Court Collective Sale Committee
Post date: 05/12/2007, 20:00 hour
Last update: 05/12/2007
Bedok Court Collective Sale Committee Meeting No.7
Meeting date: 11th December 2007, Tuesday
Venue: Colin Ng & Partners Office, 36 Carpenter Street, Meeting Room
Time: Start 5:00 pm
Proposed Meeting Agenda:
1. To consider the Collective Sale Agreement
2. To discuss the 15/12/2007 General Meeting agenda
3. Any other matters
From:
Heng Hock Heng
On behalf of
Bedok Court Collective Sale Committee
Post date: 05/12/2007, 20:00 hour
Last update: 05/12/2007
SP Meeting No.3 Notice
Meeting date: 07/12/2007, Friday
Time: Start 8:00 pm
Venue: Block 295 Function Room
Agenda: Discussion on En bloc Sale of Bedok Court
Time: Start 8:00 pm
Venue: Block 295 Function Room
Agenda: Discussion on En bloc Sale of Bedok Court
- This is an INFORMAL DISCUSSION Meeting, no recording of minutes
- Question & Answer Session with Sale Committee Members
- All discussion is strictly WITHOUT PREJUDICE basis
- All Bedok Court Subsidiary Proprietors are WELCOME
Collectively, work towards a FAIR & SUCCESSFUL En bloc sale of Bedok Court Condominium
Post date: 05/12/2007, 16:30 hour
Last update: 05/12/2007
Tuesday, December 4, 2007
Finance Statement: Expenses 04/12/2007
En bloc Sale Expenses
No Date Subject / Supplier Amount S$
1 29.06.2007 Strata Roll Fee--MCST 1130 $140
2 03.07.2007 Function room rental-- MCST 1130 $25
3 10.07.2007 Chair rental--XingLong $80
4 11.07.2007 Table rental--MCST 1130 $10
5 07.11.2007 Handout photocopy -- Lucky Printing $4.5
6 18.07.2007 Kenwood Amplifier--Moment Sound $80
7 20.07.2007 Speaker wires--Poh Ho Services $10
8 21.07.2007 Handout photocopy -- Lucky Printing $18
9 31.07.2007 Chair rental--XingLong $70
10 14.08.2007 MC Meeting Minutes--MCST 1130 $5
11 13.08.2007 Audio tapes--Three Stars $12
12 27.08.2007 Courier invitation letters Fee-- Smile Post $30
Year-to-date Total $485
From:
Heng Hock Heng
On behalf of Collective Sale Committee
Post date: 04/12/2007, 19:18 hour
Last update: 05/12/2007
No Date Subject / Supplier Amount S$
1 29.06.2007 Strata Roll Fee--MCST 1130 $140
2 03.07.2007 Function room rental-- MCST 1130 $25
3 10.07.2007 Chair rental--XingLong $80
4 11.07.2007 Table rental--MCST 1130 $10
5 07.11.2007 Handout photocopy -- Lucky Printing $4.5
6 18.07.2007 Kenwood Amplifier--Moment Sound $80
7 20.07.2007 Speaker wires--Poh Ho Services $10
8 21.07.2007 Handout photocopy -- Lucky Printing $18
9 31.07.2007 Chair rental--XingLong $70
10 14.08.2007 MC Meeting Minutes--MCST 1130 $5
11 13.08.2007 Audio tapes--Three Stars $12
12 27.08.2007 Courier invitation letters Fee-- Smile Post $30
Year-to-date Total $485
From:
Heng Hock Heng
On behalf of Collective Sale Committee
Post date: 04/12/2007, 19:18 hour
Last update: 05/12/2007
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