Milestones (not official)
Estimates^ are just this Blogger's best guesses
Deadlines# are worked out from the SPA.
Latest is SPA timeframes including extensions (if any)
Actual refers to Date of execution
Note:
- I have not factored in the LTA Application & Approval because it's not in the SPA and besides, it does not make a difference to the long-stop date of 7 months + 1 month from SPA Date
- Deadlines do not mean what you think. The deadlines are not there to protect us, they are there to protect the Buyer.
- Long-Stop Date: 'If the Developer fails to rescind after the deadline passes - the SPA continues to be in force.' I read this to mean the SPA has no end date and the Vender (us) has no exit clause.
1 | EOGM 1 and election of 10 CSC members | 26/09/15 | |
2 | EOGM 2 and Selection & Appointment of MA & Lawyer | 19/03/16 | |
3 | EOGM 3 To consider the Terms & Conditions of CSA, and Reserve Price set at $739M | 25/06/16 | |
4 | First Signature to the CSA | 25/06/16 | |
5 | Statutory Notice | 42.14% | 22/07/16 |
6 | Statutory Notice | 44.46% | 22/08/16 |
7 | Statutory Notice | 45.71% | 22/09/16 |
8 | Statutory Notice | 45.91% | 24/10/16 |
9 | Marketing Agent gives notice of intent to resign | 21/11/16 | |
10 | Statutory Notice | 46.25% | 24/11/16 |
11 | Resignation of marketing Agent | 30/11/16 | |
12 | Return of Marketing Agent | 24/12/16 | |
13 | Statutory Notice | 46.43% | 06/01/17 |
14 | Revision of RP : $840M | 06/01/17 | |
15 | Statutory Notice | 51.79% | 03/02/17 |
16 | Statutory Notice | 55.89% | 02/03/17 |
17 | Statutory Notice | 55.89% | 29/03/17 |
18 | Statutory Notice | 56.07% | 25/04/17 |
19 | Revision of Reserve Price to $952M | 28/04/17 | |
20 | Statutory Notice | 73.21% | 23/05/17 |
21 | 80% crossed | 80.00% | 01/06/17 |
22 | Statutory Notice | 81.79% | 15/06/17 |
23 | Last legal day to sign | 16/06/17 | |
24 | End of Period 1 | 24/06/17 | |
25 | Statutory Notice | 81.79% | 30/06/17 |
26 | SP Meeting 1: update on percentage and tender information | 01/07/17 | |
27 | Tender Open | 05/07/17 | |
28 | Statutory Notice | 82.50% | 14/07/17 |
29 | Statutory Notice | 82.50% | 08/08/17 |
30 | Tender Closed with 1 Bid | 15/08/17 | |
Bloggers Reading of SPA Only NOT OFFICIAL | Estimate^/ Deadline# | Actual | |
1 | Sold for $970M "SPA DATE" | 22/08/17 | |
2 | Payment of 1st tranche of Deposit | 31/08/17# | |
3 | Lessor Approval(CSC) | 26/09/17# | 15/09/17 |
4 | Letters of Authority | ||
5 | RPA approval : Clearance Certificate (Buyer) | 20/09/17# | 15/09/17 |
6 | Stamp Duty Certificate (Buyer) | 20/09/17# | |
7 | SP Meeting 2 to provide information & update on number of bids & S&P conditions (CSC) | 25/08/17 | |
8 | Last date of submission for SSD owners /deferment email from IRAS to affected SPs | 05/09/17# | |
9 | Advertisement in local newspapers in 4 official languages (CSC) | 18/09/17 | |
10 | Notice of Sale to all SPs by registered post (CSC) | 02/10/17# | 25/09/17 |
11 | Application for Sale to STB within 14 days of Advertisement above (CSC) | 07/10/17# | 27/09/17 |
12 | Objections, if any, within 21 days of Application for Sale Notice | 26/10/17# | 25/10/17 |
13 | STB Notice on Proposed Constitution of STB Panel | 22/10/17 | |
14 | Date of 1st mediation. | 28/11/17 | |
15 | One Objector withdraws (left 3 in total) | 03/11/17 | |
16 | Date of 2nd mediation / Notice of Stop Order served on Objectors | 21/12/17 | |
17 | Objections withdrawn | 28/12/18# | 28/12/18 |
18 | Sales Order Issued by STB | 22/08/18# | 02/01/18 |
19 | LTA Traffic Impact Study (Buyer) | ||
20 | OPP Application (Business Times 5 Feb 2018) | Dec 2017 | |
21 | OPP Approval | 19/01/18# (busted) | Open |
22 | SP Meeting 3 to answer owners questions/update on sale progress | 24/02/18 | |
23 | Baseline Confirmation Application | ||
24 | Baseline Confirmation (deadline) | 27/04/18# | |
25 | SLA Top-Up Consent Application | ||
26 | LUP Application after SLA Top Up Consent Application | ||
27 | LUP Approval (deadline) | 27/04/18# | |
28 | Payment of 2nd Tranche of Deposit after Gov Approvals | ||
Deadline | |||
29 | Last Date for Government Approvals | 27/04/18# | |
30 | Date of Legal Completion (3 months from Approvals) | 27/07/18# | |
31 | Sales Proceeds by bank draft (minus the retention sum) | 27/07/18# | |
32 | Last Day to Move out (6 months from Completion Date) | 27/01/19# | |