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"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.

Tampines Court Round 1 & Round 2 Table


DateENBLOC ROUND 18 Wkly Statutory NoticeDateENBLOC ROUND 24 Wkly Statutory Notice
Jan-11EGM 1 : Election of 12 SC members
Feb-11SC meeting
Mar-11
Apr-11SC meeting
May-11SC meeting
Sep-05Self-appointed SC formed?Jun 11SC meeting
Oct-05MA invitationsJul-11EGM 2 : Selection and appointment of MA and En bloc lawyer
Nov-05Aug-11SC meetings
Dec-05PRESENTATION to OWNERS (Solicitor & MA conducted) Reserve price: $389,719,233Sep-11EGM 3 : 6 resolutions passed, 1 failed, 1 postponed. Reserve Price: $880,000,000
Jan-06Expression of Interest (EOI) survey forms sent to ownersOct-11SC meeting
Feb-06Mini-dialogue session x 2Nov-11SC meetings
Mar-06Dec-11Notice of EGM 4 and CSA received by Owners
Apr-06Draft CSA sent to ownersJan-12EGM 4:To Consider the Terms and Conditions of the CSA
May-06First Signature to the CSAFirst Signature to the CSA
Jun-06EOI to Developers66.42%Feb-121st STATUTORY NOTICE14.46%
Jul-06Mini-dialogue session x 2CSA Signing sessions
Mar-12Tea Time and Forum with SPs
2nd STATUTORY NOTICE 21.79%
CSA Signing sessions
Aug-06Mini-dialogue session x 274.28%Apr-123rd STATUTORY NOTICE 26.25%
CSA Signing sessions / SC Meetings
Sep-06May-124th STATUTORY NOTICE 28.75%
5th STATUTORY NOTICE 29.14%
Oct-0676.42%Jun-126th STATUTORY NOTICE 29.64%
Nov-06Jul-12CSA Signing sessions
7th STATUTORY NOTICE 30.36%
Dialogue session
Dec-0677.67%Aug-128th STATUTORY NOTICE 30.36%
Sep-12CSA Signing sessions
Jan-07The 80%80.00%9th STATUTORY NOTICE 30.54%
Feb-07Public tender: 2 expressions of interest received from: (a) CDL (b) Sim LianOct-1210 STATUTORY NOTICE / SC Meeting / INCREASE IN RP30.54%
Nov-12CSA Signing session / SC Meeting
Mar-07Sold by private treaty to : FEO/Frasers Centrepoint80.71%11th STATUTORY NOTICE 34.11%
Apr-07Dec-12
May-07Outline Planning Permission (OPP)81.60%Jan-13END OF ROUND 2
Jun-07Upgrading of lease
Jul-07RPA in principle date of approval EGM to ‘consider’ the sale81.60%
Aug-07
Sep-0782.14%
Oct-07
Nov-0782.14%
Dec-07Valuation Report82.14%
Jan-08Application for sale to STB, Minority group of 39 objectors to the sale + 4 independent minority objectors.
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08Sale REJECTED on 2 counts of bad faith with regard to SALE PRICE and METHOD OF DISTRIBUTION . Expiration of Qualifying Certificate, Expiration of S&P. END OF ROUND 1

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