Flat Owners
Shunfu HUDC Estate
Singapore
Dear flat owners,
SHUNFU HUDC PRIVATIZATION (MANDATE EXERCISE)
Our Protem Committee has appointed Messrs TAN & AU LLP as the solicitors for the privatization exercise of your estate.
Kindly take note of the following important information:-
1. For the convenience of the residents, we have arranged for a Mass signing of the application for Subsidiary Strata Certificates of Title (privatization of Shunfu HUDC) to be held on 1st March 2008 (Saturday) from 2 pm to 5pm and 2nd March 2008 (Sunday) from 11 am to 4pm at Blk 316 lobby.
2. Executing the application is an essential for all owners (flat lessees) of the estate. This is because if you do not sign at all, it will be automatically taken that you are against privatization.
3. Please bring along your original and a photocopy of your NRIC when you come for the mass signing.
4. It is necessary for all co-owners to sign. In other words, if for example, your apartment is co-owned by three persons, all the persons must sign the application.
5. If you will be going away or are currently overseas, you may empower another person to sign for you. The person signing on your behalf must bring along the original and a photocopy of the relevant power of attorney that has been duly registered and deposited with the High Court in Singapore. If any of the owners or co-owners are deceased, then you must bring along the original and photocopy of your Grant of Probate or Letters of Administration in your favour. Your lawyers, Messrs TAN & AU LLP will retain the photocopy for verification purposes.
6. If you are unable to make it for the mass signing exercise, you may contact TAN & AU LLP at telephone number: 62238500, Fax: 62237100, E-Mail: lawtanau@lawtanau.com.sg and ask for Ms Susan Lit at direct line 63247737/Ms Shila Hamdan at direct line 63247732/Ms Jeannette Koh at direct line 63247735 to fix an appointment for you to sign the Consent Form at their office at 10 Anson Road, #20-16 International Plaza, Singapore 079903. This Mandate Exercise is an on-going exercise until lodgment of the Application for the Subsidiary Strata Certificates of Title with our Singapore Land Authority which is estimated to take about one and a half years after the requisite 75% of the flat owners have signed the application for Subsidiary Strata Certificates of Title.
7. The conversion costs including all survey fees, upgrading works, legal and stamp fees is included in the S$30,000.00 which is estimated by HDB as the costs of privatization. You may utilise CPF for the payment of $26,000. Upgrading works $4,000 is to be paid by cash.
8. We urge you to support privatization as our estate will then be on par with other condominiums as private property. This will enable you to take advantage of the benefits of private property e.g. enbloc sale/subletting/overdraft and other bank facility. We believe this will enhance the value of our estate in the long term.
9. We attach herewith a flyer on the intended privatization (including benefits of privatization).
With warmest regards,
___________
Chairman,
Shunfu HUDC Protem Committee
Enc.
na/na293/9312.shunfu privatisation.circular letter to residents(1st mass signing)
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