New row over Gilstead Court collective sale
The fractious collective sale of Gilstead Court has hit more trouble with a breakaway group from the sales committee asking the High Court to remove financial penalties aimed at minority owners.
Four members of the seven-man committee, including treasurer Choo Liang Haw, filed documents with the court on Monday, escalating what has already been one of the most fractious collective sales in years.
The dispute centres on penalty clauses the collective sale agreement had imposed on the five dissenting owners at the estate in Newton.
These clauses could cost the five owners up to $26,000 each, a prospect that led them to file an objection with the Strata Titles Board (STB).