Beware of Fake News - Part 2

Contributed by a fellow SP..     continued from last Post 

(2) Exaggerate the percentage of owners who has signed the CSC

There are some pro-enbloc sale people who would exaggerate the percentage of owners who has signed the CSC. Some of these “fake news” are spread by word of mouth, phone calls and phone messages like WhatsApp messages.

These people would spread rumours in order to achieve their objective of getting more owners to sign the CSA.

For example, the most recent exaggeration (in week of April 23) is that “60% of the owners have signed the CSA and only 18 more households need to sign and we will achieve the 80% level.”

Whoever is spreading such rumours does not use or sorely lack any mathematical intelligence.

There are a total of 270 units in Teresa Ville (264 apartments and 6 shops units).

To get from 60% to 80%, at least 20% of the unit owners would have to sign the CSA.

20% of 270 units = 54 units.

Hence, the people who are going around telling people that “only 18 more households need to sign and we will achieve the 80% level”, appears to be mathematically challenged.

Be alert!

Such fake news usually become more common before 2 events:

(1) The actual results of the percentage of owners who has signed the CSA is put on the notice boards. This happens every 4 weeks.

(2) The session where the lawyers would be coming to Teresa Ville to witness the signing of the CSA by any owners who are willing to sign.

Recommendations

(1) Exercise your common sense. When you hear anyone telling you that “XXX% of owners have already signed the CSA”, don’t worry or get too excited.

(2) Ask yourself: “What is this person trying to persuade me to do?”

(3) Compare what that person said and with the actual percentage of owners who has signed the CSA. By law, the Lee & Lee lawyers must put up the actual percentage of owners who has signed the CSA on our notice boards at least once every 4 weeks.

Please visit again this blog for next example...