Jan 29, 2018

Is there a SP meeting in the offing?

From an Anonymous comment:
Take it as you will

I disagree that we should have to chase after them individually for information. This is an enbloc and as are our so-called representatives we should be receiving weekly updates at the very least.  They had from 2015, when they started this attempt, until now to get their PR machine up and running. Starting FB, deleting vital posts and virtually abandoning it to voices in the wind is sub-standard service. This 'SP meeting' had better not use MCST funds and they had better have something to say other than everything is 'in progress'. 

94 comments:

  1. have'nt we waited long enough??

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  2. Agree. Very lousy service. Never keep people informed and updated

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  3. Almost a month from sales order, nobody knows what is happening

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  4. Agreed with what you said. There should be regular update either at FB or notice board. If anything deemed as too confidential or sensitive than leave it out. Still it does not give them an excuses of total silence which will give rise to unnecessary anxiety, speculation and rumours.

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  5. After all the heart breaks in this last month of waiting, I have lost faith in the team. I believe there must have been progress during this one month period. If there is none why must we keep on flogging a dead horse? They should just abandon the enbloc and let us start again.

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    Replies
    1. Abandon Enbloc? MA and Eldan have too much invested already, not keen in this. Also this recourse may not be available to us now. CSC could have have ceded control over to SL in agreement. Certainly would like to hear the panels views on this.

      Delete
  6. Their ridiculous deafening silence strategy is going to kick them in the butt if they do not have a proper update for us at this meeting. If the enbloc is still on then it is on if it is over then it is over but don’t play with people’s homes and dangle a carrot that you cannot deliver like that.

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  7. it costs MA,CSC almost nothing to update SP,via FB,or not disclose in FB,Just few sheets of papers displayed in lobbies....

    why ?
    either SP has not updated SP lawyer
    OR the SP lawyer blocks the message?

    what else?

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  8. Looks lik No Check & Balance.All got Checkmated.....sob, sob, sob...

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  9. When is the money coming in?

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    Replies
    1. busybody said...
      late oct 2018.if you are lucky.
      see 57.3.

      Delete
  10. I demand that the meeting be held at TC. Just quickly arrange for chairs and table under one of the blocks. Instead of making us go to that silly small room at huttons ofc in bishan. All 560 households must be notified - majority, minority, former objectors - all are the same now. I expect a big crowd. All want to know one thing - when is the legal completion and money in our account. Come on lah, we all need to plan our lives and move on !

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  11. 2015 to 2018 ! Do you know how valuable 3 years are to the the senipr citizens in TC? They don't have many 3 years to waste. Stop taking their time for granted please !

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  12. Without Sim Lians present at upcoming meeting, many questions possibly cannot be answered with any certainty. CSC may have to then meet and convey message to buyer. Suggest arrange for SL to be present at the meeting if we really want resolution and hearing from the horses mouth.

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  13. exactly what i said would happen. they will call for a SP meeting. now we will have the SP meeting, which is scheduled on 1 March. In meantime, everyone shut up and wait for that meeting.

    And that meeting on 1 March is to tell everyone to wait longer.

    that playbook is played like a broken record

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  14. I've just sold half of my household belongings to help pay towards my SSD in addition to my savings and borrowing money. I'm hoping for a speedy payment, I moved here before they even called the first EOGM to discuss the possibility of en bloc and my lawyers did due diligence so I did not anticipate a sale and now must suffer such a high degree of short term debt, I'm hoping for a swift payment by end of March otherwise I'm going to struggle to defer my monthly bill payments much longer and could end up in serious debt problems.

    This gap between paying SSD and receiving the money is really the hidden dark side of en bloc. Iys a different matter for individual sale agreement where the seller makes that choice. This is the first and last time I buy private - awful experience!

    They say no pain no gain but this is ridiculous, I'm sure other developers helped ease the burden, only silence or contempt here.

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    Replies
    1. Painful indeed, I would not like to be in your shoes.

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    2. Just hang on there bro. Soon u need to buy a new n bigger wallet n wil b laughing your way to d bank.

      Delete
    3. This developer is different. They don't have the scale to consume TC yet still dare to touch. It is not bad for us if this is failed. We have dear blogger and TC patriot and so many anons here. We learn from this round and will never make same mistake again in round 4. And in round 4, pls exclude SL and Huttons.

      Delete
    4. 14.2 - I really hope you are right but when people start saying it will be October until we get the money then I really fear for the worst financially (re: 9.1)

      On the other hand if this all falls through, how quickly until IRAS pay me back the money?

      Delete
  15. Where did you hear SP meeting on 1st March?

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    Replies
    1. Won't be surprise if It's another fake news. Try to post it in FB & see if it gets deleted.

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    2. now we have to resort to posting on fb and waiting for them to delete.

      in that case, lets post a meeting on every single of the next 365 days and see which ones they delete.

      Delete
    3. Yesterday someone posted something on FB and was almost immediately deleted. I wonder what's the purpose of FB when there is so much censorship. Good thing we have this blog to communicate with each other & to vent our frustration.

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    4. Yes, I have a screenshot of that post as I wanted to show a neighbor who does not have Facebook then when I went in later, it was gone.

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  16. @anon SSD, shoot man, I really feel for you. Really sorry you’re having it so rough.
    TC resident.

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    Replies
    1. some nice souls please write to MP to urge change laws to delay paying SSD,until all government approvals or 14 days within buyer notice for completion,whichever is earlier.

      Delete
  17. wolves were said coming twice. but not appear.
    will blogger block all rumors of meeting,unless confirmed by verified and official source.

    many SP cannot take fake news any more.

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  18. What's the purpose of this meeting? We just want to have weekly update, whether on FB or through email. Better it is to explain the reason for delaying, not asking us to folk out the proceeds which I believe more and more TC residents are not satisfying by now. We are the least paid compared with other enblocs, and we have to pay full commission for such an outcome to such a subservice level. I am also out if SL demand for LUP subsidy from us. It will make us headline for sure, and this time, the loser is not us.

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  19. when all's been settled, we must not forget - the balance of the maintenance and sinking funds, are to be apportioned and prorated and returned to SPs accordingly. The upkeep of the estate in recent times left much to be desired.

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  20. It's crucial that SC be completely upfront with us so we understand the problem, and lay down all options. The sooner we come to a resolution, the better. We're all affected by this, some quite adversely so, through no fault of theirs.
    Sale or no sale. We can then quickly go house hunting in an increasingly rising market or others may initiate their SSD refund.

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  21. All this silence will be detrimental to the team. People will be wondering whether there are hanky pankies behind their backs. Next thing they may expect CPIB calling them up for interviews.

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  22. objectors delay us for 2 months for absolutely nothing...i don't see that kind of outrage?!...now developer doing real work and applying for approvals everyone make so much noise...kpkb...why take so long? chill guys we already making good progress as there were no time wasting in the courts compared to shunfu.

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    Replies
    1. Anonymous 22- Are you trying to delude others or yourself ? Nice try.

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  23. I got lawyer's letter. LUP is 143m.

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    Replies
    1. Did anyone else get this letter?

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    2. no other issue in letter?

      what is next step?
      time frame?

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    3. SL has 22 Mar to sign off the purchase, or, can apply for exension to 27 Apr.

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    4. Is this real? How come no one else seems to have received it? So short of details in this post.

      Delete
  24. Hope this latest letter is genuine. It's the 4th unofficial letter of hope since it all started with 'fingers crossed' on 15 Jan. I suppose we wont be receiving lawyer's letter to update us on status anytime soon. What's notable is a fellow SP kick started it all by initiating a call to MA. Really wondering whose in charge and what the complicated relationship dynamics is behind the scene. We'll find out soon enough.

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  25. Check your letter box tomorrow.

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    Replies
    1. why he gets today. but other gets tmr?

      you are messenger from lawyer,MA,CSC?

      so i guess lawyer send today,
      SP Will receive tmr .right?
      hope not the THIRD wolf coming.

      Delete
  26. Saw an internet article about Sim Lian which is not too good. The daughter of the owner, wife of Ong Ye Kung one of the 3 potential PM for Singapore has resigned from the company when her hubby entered politics. The article also mentioned about her company getting HDB DBSS projects in Tampines and ended with lots of complaints abt poor workmanship. One of Sim Lian's directors also sat in HDB's board of directors. Not a simple company we are dealing with. Really hoping for the best.

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  27. So the person who received this letter, a few questions since none of us have received anything. 1. Apart from the amount of the LUP what else did the letter say? 2. Was the letter officially from our lawyer 3. What are next steps?
    It’s annoying when posts are ambiguous like this, got head no tail.

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    Replies
    1. Don’t trust this person who say they receive such LUP letters. Nothing better to do than to give SP heart attacks. It’s a sick joke really.

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  28. LUP increase is just a reflection of rising land price as valued by the govt. SL can take it or chuck it. at least we can move on.

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  29. If LUP 143m. hutton got to top up their commission 9.7m.

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  30. what is LUM if 143M means to us? go or no go?

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    Replies
    1. According to the Lawyer at SP Meeting 2, and I quote

      "Just to highlight again, if the Top-Up Premium is way more, or more than 115 - there's NO SALE"

      Delete
  31. What letter is this? If lup is 143m, then it over exceeds the lup clause. But SL did not mention anything so deal should still be on right?

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  32. I got the letter. It's real. LUP 143.

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    Replies
    1. lup is 143m. and then??

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    2. If you have the letter tell us the details. It’s quite irritating to withheld information when you have it. Too many clowns in this blog

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    3. This is confirm fake news. Why is the number 50k so nice?? 143m - 115m = 28m
      Divided by 560 units is 50k.

      The number 50k is just too nice of a figure to be true. Whoever spread this fake news is sick.

      Delete
    4. Looking at the bright side, having this fake news will definitely prevent those SP from placing deposit into houses they are eyeing to purchase.

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    5. How is fake news a bright side?? People want to get on with their lives. Either tell us the sale is off and we know we are staying or it’s on. Just out the cards in the table and deal.

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  33. Latest by 22nd April, with one month extension, the permits will be ready. And 3months from then is the completion date. So we will say Bye Bye in June or July this year.

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    Replies
    1. is this in the letter?

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    2. if LUP is ready,now just wait SL ACCEPT OR REJECT.
      if accepted tmr,three month to get cheque. APRIL.

      WHY april ,may and three months?

      Delete
    3. Why wait until June or July? If buyer is not willing to absorb the increase and the SPs not willing to accept less, then both parties should call it quits. TC can then start enbloc 4 with a new team. Next time,the committee will be more experienced and tie down all the loopholes.

      Delete
    4. CSC at,least 8 members....

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  34. Is CSC empower to deduct from our sales proceed for LUP difference? Personally I think we should go for round 4 if SL want to walk off. I think we may even get higher price and unlikely there will be any objections so the process should be pretty quick.

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    Replies
    1. Read the collective sale agreement .then you know.

      Delete
  35. not be surprised if busybody and other non SPs are sending all these info.

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    Replies
    1. OMG.I am the very FIRST one warn you 115 million is too low,immoral low..This make ASP never a binding contract on SL,but ON SP.

      Delete
  36. Any anonymous post that is short of details and everyone jumps in. May turn up to be just a joke. Can't blame people for this as our CSC prefer to keep quiet after so long.

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  37. i just called Huttons and they said they are going to have meeting tonight with sales committee. Not sure if we can attend.

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    Replies
    1. Since you call Huttons, did you check with them is there such a letter being send out? Surely they will know.

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    2. seems everything here is fake. including the fb website.

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    3. blogger shld track this IP address as it is definitely a faker.

      noone calls huttons and just accepts meeting soon, and puts down phone.

      Delete
    4. There are no IP addresses to track. Blogger encrypts it to no-replycomment@blogger.com

      Delete
  38. This LUP clause... it’s such a glaring loophole, . Sim Lian’s terms were such that if it was more than 115 million they can walk away from us, why didnt our lawyers, MA or CSC plus that gap and say “ ok, you can walk if it’s more than 115million, in the event that you do not, the difference in the LUP is still beared by you. That’s all they had to do, go through the contract with a fine tooth comb and plug the gaps. One less thing for everyone here to be concerned about. Sloppy work by the lawyers and MA. A&W coney dog also not so messy. Pfffft.

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    Replies
    1. thats you again busybody

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    2. No, not busybody, the syntax is different. He's driving me nuts, too!

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  39. There is a letter, truly. You will receive it tomorrow, 3 pages.

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    Replies
    1. what are main points?

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    2. and this one is by busybody too

      Delete
  40. this 143 sounds fake because being lawyers they would definitely say the LUP to the nearest cent. they will say $143,657,876.87. and further they will need to elaborate the way forward.

    i dont think LUP, which is a formula based number will be a round number.

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  41. may i check, when said 3 mth completion, we get the money within 3 month or after the 3 month coompletion? TQ

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    Replies
    1. They first said Completion was 3 months from Sales Order.
      Then they said it's 3 months from date of all Approvals being granted.
      It takes approximately 3 months to finish all the paperwork.
      You should get the money ON the day of Completion (Completion Date).

      On my post Milestones- I worked out that the deadline for Approvals was (at the latest including 1 month extension) 19 April 2018.
      19 Apr + 3 Mths = 19 Jul 2018.
      So expected date of money in the bank is 19 Jul . It could be earlier (19 Jun) or later if there are technical holdups (someone dies etc)

      THIS IS BLOGGERS COMPUTATION ONLY. Please wait for the OFFICIAL dates

      Delete
    2. Actually, it is really annoying that they back paddled on their original promise of Completion to happen 3 months from the Sales Order. Super tidak apa attitude to play with people's homes and money like that.

      Delete
  42. Basically, we just need to wait for the official notification. All other updates will be irrelevant, trust it at your own risk.
    As for our MA and lawyer, they do owe us a duty of care in disseminating timely news and updates period.

    Even though our CSC comprised of volunteers, its not too much for us to expect a certain level of professionalism on their part as well.

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  43. there is a person or two throwing fake news.

    blogger should highlight all posts as "fake until proven true"

    ReplyDelete
    Replies
    1. All comments should be taken with a pinch of salt. I don't think the imminent letter is fake news, but the LUP figure is unsubstantiated. If they do;t have the OPP yet, then they don't have the LUP

      Delete
    2. you digest FB post by MA/CSC, three weeks ago,It read,
      both developer and SP apply on their own after sale order.

      Does it mean NO one apply Before sale order? OMG.

      2.
      SL will be lucky if.get PAFS by today. i doubt.

      Delete
    3. Maam Likely letter's a fake. SP calling MA of all people, to kick start a meeting with the rest on short notice? Chairman and MA seem to have a falling out. Author could be sympathizer of Sales, whose always feels threatened with high readership and participation of your blog. Culprit probably a loser whose weak arguments debunked repeatedly. Feeling foolish and inadequate. NOT implicating any CSC members involvement.
      Proof that this Blog has GRAVITAS.

      Delete
    4. I am not sure whether this person understand English or not. The post from FB 3 weeks ago said that applications for the enbloc clearance started from S&P. Why spread panic to SPs? Now we don't trust this person anymore.

      Delete
    5. oh my apology. from ASP. YES good.

      what did CSC or MA or both apply?

      will SP bear cost ,if dead fails or successful?

      Delete
  44. @busybody When can PAFS/ OPP arrive since you are so sure of your calculation?

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  45. re anon 31 jan.
    application time frame picked up from URA,SLA .


    PAFS,6m.LTA.serangoon ville,Rio casa,average 5 months.u judge.

    Opp.1m,OPtional.can skip to DA.
    Development application,2 m.

    Baseline.1m.i think can apply concurrently with PAFS.

    Top up consent. Two wks.?

    LUP.1 m.

    10 to 11.5 months.
    wide guess only. gd luck.

    ReplyDelete
    Replies
    1. According to Eldan's letter, the latest SL can walk out is 22 Apr 2018 so we may have 3 more months to endure this debacle.

      Delete
  46. i thought SL can have further 1 month extension? that will b end may?

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    Replies
    1. The 22 April included the one month extension.

      Delete
  47. Good for us if SL
    call off this deal.

    ReplyDelete