No money to pay condo maintainence and sinking fund. Condo tio forced sales. Song Bo?

[SBFNews]

Owners evicted from Arc@Tampines unit after MCST's forced sale to recover unpaid maintenance fees​

The couple who owned the flat had repeatedly failed to pay bills, which amounted to around $36,000 at the time of the sale. PHOTO: SCREENGRAB FROM GOOGLE MAPS

Joyce Lim
Senior Business Correspondent

PUBLISHED

SEP 15, 2022, 8:25 PM SGT

SINGAPORE - A couple who owned a three-bedroom apartment at Arc@Tampines were evicted after the executive condominium's management corporation strata title (MCST) forced sold the unit at an auction in April.

Forced sales are very rare and fraught with legal and other complications, but the MCST had run out of options.

 

[Scrooball (clone)]

Lol can’t afford to pay this then still stay condo?

 

[winners]

I wonder if such a move is allowed by the MCST? Usually, the common method of recovery is for the MCST to claw back the maintenance funds owed + accumulated interests when the owner will sell the apartment in the future. Alternatively, the MCST can also disable all the Access cards for that particular unit.

 

[FUNCHOI]

Lol can’t afford to pay this then still stay condo?

KNN

A lot such assholes.
Behaved like a papaya but owed bank tons of money.

Very common are those chao ah bengs,
drive like Ccb and behave like CCB but owed finance companies big time.

 

[Patriotmissile]

Best is set up a coleman tent at east coast park near public toilet.

 

[Rogue Trader]

Aiyah just move to a 3room HDB in bedok lah. If finances cannot make it then downgrade. What's the point of holding on to an address?