"I am a BLOGGER NOT an expert. This is a BLOG not a 'go-to' website for official information. I represent no one's view save my own. I have neither legal nor financial training, nor do I have anything to do with the real estate industry. My understanding of the Collective Sale Process is from a layman's position only. My calculations, computations and tables are homespun and may contain errors. Please note that nothing in this blog constitutes any legal or financial advice to anyone reading it. You should refer to your lawyer, CSC or financial adviser for expert advice before making any decision. This disclaimer is applicable to every post and comment on the blog. Read at your own risk."
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There is one thing worse than an Enbloc ----- and that is an Enbloc done badly. Since the majority have the necessary mandate to sell, then they owe it to all SPs to make a success of it. Minority SPs can only watch and wait, if they sell then lets pray it's at a price we can move on with, if they don't sell, then we are happy to stay for a few more years.


After losing at the Appellate Court over financial loss and the having the case returned to the STB for continuance ..........Regent Court had it's case dismissed at the STB again; this time for another reason!

Something about the STB insisting that the developer pay Stamp Duty on the sale before the case would be heard by the Board unless all parties agree to 'impound the S&P'. At least two dissenting minority owners did not agree to impound the S&P and so the case was dismissed. Actually, it was a case of the application being rejected rather than the case being dismissed.
The STB now insist that the stamp duty on the S&P MUST be paid upfront, before an application is made to the Board. Stamp duty is usually paid within 2 weeks of the sale and purchase agreement being signed, but this rule has not been enforced for en blocs up until now. A late payment incurs a heavy penalty by the IRAS. If the STB does not approve a sale then the stamp duty is returned but not the penalty.
STB circular on Stamp Duty
Mohamed Amin bin Mohamed Taib and Others v Lim Choon Thye and Others
[2009] SGHC 216

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