The amount of $ 867,004.79 represents 0.25 percent of the income from the sale of another 60 units. The owners of the other units, with an area of 188 square meters, will receive around $ 14,400, not exactly $ 5.77 million that they would supposedly receive. The law states that a court can organize an increase in proceeds from the sale to a defector if it is convinced that it would be fair and impartial to do so. The total sum of the income from the sale of the owners can be paid and cannot exceed 0.25 percent of the revenue from the sale per unit or $ 2000 per unit, whichever is greater.
Four months later, a construction and real estate engineering developer additionally purchased the adjacent Cairnhill Road for $ 100 million. However, the 69-year-old attic owner objected, saying the evaluation strategy was unfounded and worked unreasonably against it, which led Strata’s board of directors to issue a moratorium request and the Commission de Venta Colectiva requested an appeal from the Supreme Court to support the sale.
To be paid with the owners’ income, the total amount cannot exceed 0.25% of the sales revenue per unit or $ 2,000 per unit, whichever is greater. In the case of Shunfu Ville, the unit owner opposed the sale because he obtained his unit, including some hidden costs, and spent a fantastic amount on renovating it. The CSC Long-term Development Committee agreed to increase revenue from its sale, which the judge agreed.
At the expense of Cairnhill Mansions, he understood the collective sale that the co-owners approved during the unprecedented public meeting, provided that the merchants approved a request from the Supreme Court if they believed it was fair and fair to increase the count of the protesting owners. Also, the Collective Sale Understanding gave the Sales Committee the ability to approve any proposed request of the Supreme Court in such cases.