We refer to the letter by Mr Tan Wee Gee (Newer valuation method welcome for selling en bloc, June 26). Strata-titled developments are planned and designed in different forms, which give rise to different unit types and share values. The appropriate methods of distributing the sales proceeds for these developments undergoing collective sales would also vary according to the unique structure of the developments. While valuation may be one of the preferred methods used to determine a reasonable share of the sales proceeds, other methods of distribution may also be applicable. The Singapore Institute of Surveyors and Valuers’ Guidelines on Collective Sales have thus recommended different methods of determining the collective sales proceeds, which can be adopted singly or in combinations, to suit the unique structure of the development. The final test of the proposed methods is that the majority and minority owners must not be disadvantaged by the proposed methods of distribution, and the proposed methods must be fair and reasonable to all owners.... Continue Reading