(last update: 7/7/2007)
The targeted time schedule is as follow:
- June 2007 Form Pro-tem Sales Committee for en-bloc sale
- June 2007 Assessment of en-bloc viability
- June 2007 Conduct survey on Subsidiary Proprietors (SPs) intention
- July 2007 Hold SPs meeting to discuss en-bloc sale (12 July 2007)
Outstanding activities:
- July 2007 Presentation from a Prospective Marketing Agency=29 July
- July 2007 Presentation from a Prospective Law Firm=29 July
- Aug. 2007 Form Sales Committee at EOGM=11 August
- Aug.2007 Appoint Solicitors & Marketing Agents=14 August
- July 2007 Draft Collective Sale Agreement (CSA)=29 July
- Aug 2007 Hold SPs meeting for CSA Presentation=11 August
- Aug 2007 Hold SPs meeting for Marketing Presentation=11 August
- Aug 2007 Signing CSA=18 August
- Oct 2007 Achieve 51% signatures for CSA
- Oct 2007 Marketing through "Expression of interest"
- Nov 2007 Achieve 80% signatures for CSA
- Dec 2007 Launch Public Tender / Private treaty
- Jan 2008 Tender close
- Feb 2008 Confirmation of Purchaser
- Mar 2008 Deposit from Purchaser (5% of sale proceeds)
- Mar 2008 Apply to Strata Title Board (STB), if 100% consensus is not obtained
- July 2008 Legal Completion of sale (90% of sale proceeds), assume no objection
- July 2008 Start Rent free period for 3~6 months
- Jan 2009 Vacant Possession to Purchaser (Balance 10%)
- Feb 2009 Dissolution of MCST 1130
