Property Views
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starlight1968sg:
OT: I have only one stream - the one in front of my flat and usually gets full when there is heavy rain.
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starlight1968sg:
OT: I have only one stream - the one in front of my flat and usually gets full when there is heavy rain.
Star is so funny :rotflmao: -
Regarding Enbloc...Collective sale of residential ppty...
Those developments which were of great potential for collective sale...alrdy caught the eyes of developers as they were being Enbloc Years ago during the past Enbloc fever...Developers' eyes are much brighter n sharper than ours...
Am also keeping a lookout for one...
One which has the potential like my previous house which reaped handsome profit from the collective sale...
BUT in current market... to single out 1 out of the many remaining developments...
Dump in n tie up my funds in a decade(s) - old ppty ... sitting on it.... waiting for possibly of enbloc which may or may Not materialise many yrs later ....hmm...??? :scratchhead:
Becos those remaining ones in the market right now are obviously the less appealing ones to the eyes of developers ... be it price, location or plot ratio, etc...
Or they are those which had undergone unsuccessful / problematic enbloc attempts in the past ....( Fail in price neg or fail to garner 80% votes, or simply no takers) ... But owners are asking for high premiums as they factored in the enbloc premium... -
Pardon me, is en bloc :
most of the residents living in the same condo agreed to rebuild the whole condo? -
starlight1968sg:
Pardon me, is en bloc :
most of the residents living in the same condo agreed to rebuild the whole condo? Whatever lah...afterall, that's not even an English word...
Over 80% finally agreed to sell..otherwise, No deal... -
Augmum:
Agreed to sell to who?starlight1968sg:
Pardon me, is en bloc :
most of the residents living in the same condo agreed to rebuild the whole condo? Whatever lah...afterall, that's not even an English word...
Over 80% finally agreed to sell..otherwise, No deal...
Do the residents have to move out and where would they live? -
Receive compensation from developer… 7 figure digit compensation I think… land sold to developer…
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Augmum:
It is quite hard to get 80% to agree isnt it?starlight1968sg:
Pardon me, is en bloc :
most of the residents living in the same condo agreed to rebuild the whole condo? Whatever lah...afterall, that's not even an English word...
Over 80% finally agreed to sell..otherwise, No deal... -
Augmum:
To add on, sometimes the unit may be in its original condition so the renovation costs can be very high. In the range of 300-500k.Regarding Enbloc...Collective sale of residential ppty...
Those developments which were of great potential for collective sale...alrdy caught the eyes of developers as they were being Enbloc Years ago during the past Enbloc fever...Developers' eyes are much brighter n sharper than ours...
Am also keeping a lookout for one...
One which has the potential like my previous house which reaped handsome profit from the collective sale...
BUT in current market... to single out 1 out of the many remaining developments...
Dump in n tie up my funds in a decade(s) - old ppty ... sitting on it.... waiting for possibly of enbloc which may or may Not materialise many yrs later ....hmm...??? :scratchhead:
Becos those remaining ones in the market right now are obviously the less appealing ones to the eyes of developers ... be it price, location or plot ratio, etc...
Or they are those which had undergone unsuccessful / problematic enbloc attempts in the past ....( Fail in price neg or fail to garner 80% votes, or simply no takers) ... But owners are asking for high premiums as they factored in the enbloc premium...
Even if you do up your unit nicely, there is a risk of water leakage by your neighbour into your unit. Sometimes, this can escalate into a legal matter.
These projects may also require more repairs or replacements. Again $$$.
Parent's home was enbloc. Having gone through one round, I personally will not buy with this objective. But I know people who like to invest in properties with enbloc potential. -
starlight1968sg:
Agreed to sell to who?Augmum:
[quote=\"starlight1968sg\"]Pardon me, is en bloc :
most of the residents living in the same condo agreed to rebuild the whole condo? Whatever lah...afterall, that's not even an English word...
Over 80% finally agreed to sell..otherwise, No deal...
Do the residents have to move out and where would they live?[/quote]Sold to developer lor...
Yes...need to vacate the ppty on stipulated date, with everything removed...
Where would the residents live ?? That would hv to be 自己保重啰...
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