Guys, you do know of course that there really is no end date to it all. we are now at the mercy of the Developer and whatever he decides to do.
Because ....
Can anyone show me a clause in CSA which puts the CSC in the driver's seat with regard to rescinding the Sale?
No? Because there isn't any.
Can anyone show me a single line in the SPA which allows the CSC to rescind the Sale?
No? Because there isn't any.
Even after the 8 months are up and he still hasn't completed the Sale, like the lovers on the Titanic, their Sale will still go on.
Please take not of the wording, for example, on pg9... 'may be entitled within...after the OPP deadline ... at the purchasers option ....to rescind the Sale. '
So he 'may' but then again he 'may not'.
He might 'opt' to rescind, or he might not.
There is nothing about the CSC taking back control and giving the Buyer his marching orders.
The Buyer, Sim Lian group, is a well established local developer formerly listed on the main board of the stock exchange of Singapore but was privatised and delisted from the SES w.e.f 1 Nov 2016.
Let's hope we will be treated with some respect and the Buyer will do the honest thing and complete the Sale sooner rather than later.... all I am saying is that they don't have to.
We just don't know when that train is going to stop, do we.
AS IT STANDS, WE ARE STILL WITHIN THE VERBALLY STATED (with slides to boot)
'3 MONTHS FROM SALES ORDER TO COMPLETION DATE'
THAT RUNS OUT ON 3 APR 2018
SO LET'S GIVE THEM THE BENEFIT OF THE DOUBT AND
SEE IF THEY CAN MAKE IT WITHIN THIS 3 MONTH WINDOW
'3 MONTHS FROM SALES ORDER TO COMPLETION DATE'
THAT RUNS OUT ON 3 APR 2018
SO LET'S GIVE THEM THE BENEFIT OF THE DOUBT AND
SEE IF THEY CAN MAKE IT WITHIN THIS 3 MONTH WINDOW
